African Economic Transformation

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

Five subjects compose the course “African Economic Transformation. African Industrial Sector”:

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. Role of investments in the transformation of Africa (0.3 ECTS)
5. African agriculture sector (1 ECTS)

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Languages of study or Transformation économique de l’Afrique Transformação econômica africana Transformación económica africana. The student has free access to the materials in these languages.

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 the 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 Accelerated Industrial Development of Africa
4. To analyse the role of investments in the African Economic Transformation

Download the syllabus of the course “African Economic Transformation” (PDF)

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

Sample of the course: African Economic Transformation

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 - 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 the African Countries in the 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. Improvement of the African natural resources
3. Trade of commodities
4. Need for the African mining vision
5. Key factors for realising the African Mining Vision
6. Quality and level of the resource potential
7. Capacity to negotiate contracts
8. Incomplete development of the 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. Syllabus:

1. Introduction to the African Industrial Sector
2. New opportunities for the African manufacturing
3. Made in Africa Brand
4. Division of Industry of the African Union
5. Industrial policy in Africa
6. 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- 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 investments
4. Decline of public investment
5. Factors of investment in Africa
6. Access to the credit and cost of finance
7. Low domestic savings
8. Risk and uncertainty
9. Inequality and aggregate demand
10. Policy and investment environment

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

Weaknesses of the African Green Growth:

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

African Manufacturing Production

1. In the last decade, the capacity of manufacturing production of Africa has been doubled
2. New economic relationships with the Emerging Markets (China, India, Brazil)
3. In the last ten years, China was the largest provider of manufactured goods to Africa
4. Trends in the 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 US Market
5. High commodity prices
6. The strategic role of the special economic zones (employments, technology transfer, value addition)

(c) EENI- Business School & Hispano-African University of International Business