African Economic Transformation (Course)

1. Credits: 5 ;
2. Duration: 5
   weeks It is recommended to dedicate about twelve hours of study per week following a flexible schedule. It is possible to reduce the duration dedicating more hours a week
   ;
3. Tuition Fees: EUR 120;
4. Open Online Enrolment;
5. Download the syllabus of the Course (PDF).

Learning materials in

1. Also
   available in For improving the international communication skills, the student has free access to the learning materials in these languages (free multilingual training).
   Transformation économique de l’Afrique Transformação econômica africana Transformación económica africana.

The Course “African Economic Transformation” belongs to the following Higher Education Programs taught by EENI:

Doctorate (DIB): African Business, World Trade.

Masters (MIB): Business in Africa, International Business.

The objectives of the course 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 the African Economic Transformation;
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 the Accelerated Industrial Development of Africa;
4. To analyze the Investments Role in the African Economic Transformation.

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

This course contains exercises that are evaluated, which the student must work out and pass to obtain the Diploma of the Professional Course: “African Economic Transformation” issued by EENI Global Business School.

Students who have taken this course can validate and register for a Master or Doctorate at EENI.

Subject 1- African Green Growth Initiative. Syllabus:

1. Introduction to the African Green Growth Initiative;
2. Green Growth in Africa;
3. Role of the African Countries in the green economic growth;
4. Need for a sustainable infrastructure;
5. Proficient and sustainable natural resources administration;
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 realizing the 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 African Development;
15. Africa Review Report on mining.

Subject 3- African Industrial Sector. Syllabus:

1. Introduction to the African Industrial Sector;
2. New opportunities for the African manufacturing sector;
3. Made in Africa Brand;
4. Division of Industry of the African Union;
5. Industrial policy in Africa;
6. The Industrial sector and the 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 the mono-crop into a middle-income economy;
    3. Industrialization in Nigeria and Tunisia;
    4. Industrial performance of Rwanda;
    5. Industrial policy in South Africa. Automotive Industry.

Subject 4- Investment Role in the African transformation. Syllabus:

1. Investment, transformation, and development in Africa;
2. Trends and investment patterns in Africa;
3. Composition of investments;
4. Decline of the 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.

Sample:

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 an inclusive economic growth investing in sustainable infrastructures, enhancing the natural resources and disasters management and improving the African food security.

Weaknesses of the African Green Growth:

1. Inadequate infrastructures: low access to energy, high tariffs, urbanization, 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 the African manufacturing production has been doubled;
2. New economic relationships with the Emerging Markets (China, India, Brazil);
3. In the last ten years, China was the largest manufactured goods provider to Africa;
4. Trends in the African manufacturing sector: labour-intensive production of basic goods. By example, the African Growth and Opportunity Act (AGOA) for the 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).

African Countries: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Ivory Coast, Democratic Republic of the Congo, Djibouti, Egypt, Eritrea, Ethiopia, Equatorial Guinea, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Sudan, South Sudan, Eswatini (Swaziland), Tanzania, Togo, Tunisia, Uganda, Zambia, and Zimbabwe.

Area of Knowledge: Africa.

EENI African Business Portal.

(c) EENI Global Business School (1995-2022)
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