Economic Transformation of Africa

Course (e-learning): Economic Transformation of Africa. The African Industrial Sector

Five subjects compose the course “The Economic Transformation of Africa”:

1. African Green Growth Initiative (0.2 ECTS)
2. African Mining Vision (AMV) (2 ECTS)
3. The African Industrial Sector. Industrial Policy (1.5 ECTS)
4. The role of investments in the transformation of Africa (0.3 ECTS)
5. The African agriculture sector (1 ECTS)

Request for information of the course Economic Transformation of Africa

The objectives of the course "The Economic Transformation of Africa" are:

1. To know the "African Green Growth Initiative" of the African Union based on 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 fundamental pillars of the economic transformation of Africa.
3. To analyze 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 Accelerated Industrial Development of Africa.
4. To analyze the role of investment in the economic transformation of Africa.

Intended to:
Course intended for all those wishing to understand the deep economic transformation of Africa.

Sample of the course: Economic Transformation of Africa

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

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

Subjects of the course - Economic Transformation of Africa:

Subject 1- African Green Growth Initiative. Syllabus:

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

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

1. Introduction to the African Mining Vision (African Union)
2. Improvement of African natural resources
3. Trade of commodities
4. The need for the African mining vision
5. Key factors for realizing the African Mining Vision
6. Quality and level of the resource potential
7. Capacity to negotiate contracts
8. Incomplete development of African resources
9. Reduction of wholly state-owned mining projects
10. Improvement of Infrastructures
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. Industrial Policy. 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. The industrial policy in Africa
6. The industrial sector and the structural transformation in Africa
7. The industrial policy frameworks
8. Public and private sector
9. The strategy for the implementation of the Action Plan for the Accelerated Industrial Development of Africa
10. Case Study:
      - Kenya: National Industrial Policy
      - Mauritius: the transformation of a country based on mono-crop to a middle-income economy
      - Industrialization in Nigeria and Tunisia
      - The industrial performance of Rwanda
      - The industrial policy in South Africa. Automotive Industry

Subject 4- The role of Investments in the transformation of Africa. Syllabus:

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

Subject Description - The Economic Transformation of Africa.

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

Weaknesses for African Green Growth:
- Inadequate infrastructure: low access to energy, high tariffs, urbanization, education, and health.
- Management of natural resources (renewable and non-renewable), deforestation
- Climate change and natural disasters.
- Food security, rising food prices, low productivity. African food production in 2050: increment of 70%.

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