African Economic Transformation (Course, Master)

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Course: African Economic Transformation (5 ECTS, e-learning, )

Five subjects compose the course “African Economic Transformation. African Industrial Sector” taught by EENI Business School & HA Independent University:

1. African Green Growth Initiative (0.2 ECTS)
2. African Mining Vision (AMV) (2 ECTS)
3. African Industrial Sector. Industrial Policy (1.5 ECTS)
4. Investment Role in African transformation (0.3 ECTS)
5. African agriculture sector (1 ECTS)

1. Credits of the course “African Economic Transformation”: 5
2. Total Tuition Fees: EUR 120 (Pricing Policy)
3. Organisation: EENI Business School & HA University
4. Students can begin the course when he/she wishes (open enrolment) and from any place in the world
5. Requires an average dedication of 12 hours per week
6. Download the syllabus of the course “African Economic Transformation” (PDF)
7. Duration: 5 weeks

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African Population in 2030: 1.6 billion people (today: 1 billion people).

The objectives of the course “African Economic Transformation” are the following:

1. To know the “African Green Growth Initiative” of the African Union based on a sustainable and inclusive economic model for Africa
2. To understand the fundamental importance of the “African Mining Vision” designed with the objective that the huge African mineral resources would be one of the key pillars of African Economic Transformation
3. To analyse the “African Industrial Sector,” identifying their strengths, weaknesses, opportunities, and threats in the global/regional market, as well the strategy for the implementation of the Action Plan for the Accelerated Industrial Development of Africa
4. To analyse Investment Role in African Economic Transformation

Africa's share of the total manufacturing output of the World: 1.5% (Europe: 25%, Latin America: 6%, Asia-Pacific: 22%)

Example of the Online Course: African Economic Transformation

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Learning materials in or Transformation économique de l’Afrique Transformação econômica africana Transformación económica africana. The student has free access to course materials in these languages (free multilingual training).

Course intended for all those wishing to understand the deep African Economic Transformation.

Subjects of the Course - African Economic Transformation:

Subject 1- African Green Growth Initiative. Syllabus:

1. Introduction to the African Green Growth Initiative
2. Green Growth in Africa
3. Role of African Countries in green growth
4. Need for a sustainable infrastructure
5. Proficient and sustainable administration of natural resources
6. Physical, economic, and social elasticity
7. Role of the African Development Bank

Subject 2- African Mining Vision (AMV). Syllabus:

1. Introduction to the African Mining Vision (African Union)
2. African natural resources improvement
3. Commodities trading
4. Need for the African mining vision
5. Key factors for realising African Mining Vision
6. Quality and level of resource potential
7. Capacity to negotiate contracts
8. Incomplete African resources development
9. Wholly state-owned mining projects reduction
10. Infrastructures improvement
11. African Development Corridors
12. Framework for action
13. African Minerals Development Centre (AMDC)
14. Minerals and Africa's Development
15. Africa Review Report on mining

Subject 3- African Industrial Sector. Syllabus:

1. Introduction to the African Industrial Sector
2. New opportunities for African manufacturing
3. Made in Africa Brand
4. Division of Industry of the African Union
5. Industrial policy in Africa
6. The Industrial sector and structural transformation in Africa
7. Industrial policy frameworks
8. Public and private sector
9. Strategy for the implementation of the Action Plan for the Accelerated Industrial Development of Africa
10. Case Study:
    1. Kenya: National Industrial Policy
    2. Mauritius: transformation of a country based on mono-crop into a middle-income economy
    3. Industrialisation in Nigeria and Tunisia
    4. Industrial performance of Rwanda
    5. Industrial policy in South Africa. Automotive Industry

Subject 4- Investment Role in African transformation. Syllabus:

1. Investment, transformation, and development in Africa
2. Trends and investment patterns in Africa
3. Composition of investments
4. Decline of public investment
5. Factors for investing in Africa
6. Access to credit and cost of finance
7. Low domestic savings
8. Risk and uncertainty
9. Inequality and aggregate demand
10. Policy and investment environment

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Description of the course: African Economic Transformation.

1. Near 61% of the African population earn less than two dollars per day
2. Africa imports 39 billion dollars in foodstuff every year
3. African people living without access to electricity: 600 million

The vision of the African Development Bank on the African Green Growth Initiative is to promote inclusive economic growth investing in sustainable infrastructures, enhancing natural resources and disasters management and improving African food security.

Weaknesses of the African Green Growth:

1. Inadequate infrastructure: low access to energy, high tariffs, urbanisation, education, and health.
2. Natural resources management (renewable and non-renewable), deforestation
3. Climate change and natural disaster.
4. Food security, rising food prices, low productivity. African food production in 2050: increment of 70%.

African Manufacturing Production

1. In the last decade, the capacity of African manufacturing production has been doubled
2. New economic relationships with Emerging Markets (China, India, Brazil)
3. In the last ten years, China was the largest manufactured goods provider to Africa
4. Trends in African manufacturing sector: labour-intensive production of simple goods. By example, the African Growth and Opportunity Act (AGOA) for labour-intensive export textile products to the U.S. Market
5. High commodity prices
6. The strategic role of the special economic zones (employments, technology transfer, value addition)

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