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Africa: the Next Emerging Continent
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Syllabus of the Subject: Africa- the Next Emerging Continent. Why doing business in Africa? .
Some reasons for doing business in Africa and trust in the African potential :
African Population ;
New Role of the African women ;
Deep African Socio-economic Transformation ;
Emergence of the African Businessperson ;
Trade and Regional Integration in Africa ;
Need for Infrastructures ;
Better Governance in Africa;
Africa and the Global Market .
Related Education
Description
1- African Population .
“The future of humanity is ever more African” (UNICEF).
African population :2015: 1.1 billion people;
2030: 1.6 billion people;
2100: 4 billion people (1 billion in Nigeria);
In thirty-five years, 25% of the world's population will be African .
Demographic dividend;
Emerging middle-class in Africa : 350 million people (34% of the African population). 1,100 million in 2040 (42% of the African population);
Urbanization in Africa: 353 million people. In 2040, the half of Africans will live in a city;
Young African population: 60% (world's largest labour market ).
Moreover, we cannot forget that...
Africa is the cradle of humanity.
2- New Role of the African Women
519 million Women: the fundamental pillar of the African economic development .
African Women : 70% of the agriculture labour in Africa;
Produces 90% of all the African food;
H.E. PhD Nkosazana Dlamini-Zuma -
Former Chairperson of the African Union Commission;
Ellen Johnson-Sirleaf (Former
President of Liberia ).
3- African Economy: Deep African Socio-economic Transformation .
African economic growth: 5% in the last decade.
The largest African Economy: Nigeria , followed by South Africa, Egypt, Algeria, Angola, Morocco, Sudan, Kenya, Ethiopia, Libya;
Africa has twenty global frontier markets (50% of the total of the World);
The African Frontier Markets are Nigeria, Kenya, Angola, Ghana, Ethiopia, Morocco, Tanzania, Algeria, Ivory Coast, Zambia, and Uganda;
South Africa is a member of the BRICS
Countries ;
Top African economic sectors: Agriculture (25% of the GDP) and services ;
African manufacturing sector : 10% of the African GDP;
Mineral resources;
Commodities prices;
African demand increment ;
Boom of e-Commerce . Information and communication technologies: 7% of the African GDP. African mobile revolution (650 million mobile users);
Agenda 2063: “the future we want for Africa” (the African Union).
Nigeria is the first world's frontier market.
4- African Businessman.
Emergence of the African Businessman .
Alhaji Aliko Dangote (the richest men in Africa, Nigeria);
Isabel dos Santos (the richest women in Africa, Angola);
Onsi Sawiris , Mike Adenuga , Mohamed Mansour , Issad Rebrab , Folorunsho Alakija , Othman Benjelloun , Patrice Motsepe , Aziz Akhannouch , Miloud Chaabi , Theophilus Yakubu Danjuma , Tony Elumelu .
5- Intra-African Trade and Regional Integration in Africa.
Towards the African Continental Free-Trade Area.
Intra-African Trade and African Economic Integration .
Low intra-African trade flows (10 - 13%);
Near 80% of the African exports are exported out of Africa;
Action Plan for Boosting Intra-African Trade (objective: 25% of the intra-African trade );
Cost to transport a
container from the Port of Durban (ZA) to
Lusaka: 8,000 dollars (1,800 dollars from Durban to Japan);
Africa foodstuff imports : 39 billion dollars annually;
Regional Economic Communities (REC): Trade and Market Integration, obstacle reduction to the Intra-African Trade, Sectoral Harmonization Policies,
Macroeconomics Policy Convergence, Financial and Monetary Integration;
COMESA-EAC-SADC Agreement ;
OHADA ;
African Continental Free-Trade Area (AfCFTA):
fifty-four countries, 1 billion people, combined GDP: 1.2 trillion dollars.
6- Infrastructures in Africa.
Programme for Infrastructure Development in Africa (PIDA).
The need for infrastructures in Africa .
Energy . 600 million of African lives without access to electricity;
Transport . 18 billion dollars in annual investment;
African Corridors DevelopmentAsia-Africa Corridor .
Information and Communication Technologies ;
Transboundary Water Resources .
7- Governance in Africa.
Better business environment in Africa.
A better governance in Africa .
More democratic governments;
African Peer Review Mechanism ;
Peaceful elections;
Less corruption;
Better business environment;
Improvement in the Easy of Doing Business rank of the World Bank (WB). Mauritius is the African Country with the highest rank followed by South Africa, Rwanda, Ghana;
Tax revenues increment;
Fewer African conflicts (“Silencing the Guns ” - African Union).
8- Africa and the Global Market .
Africa: 3% of the global trade.
African share of the global manufacturing production: 1.5%;
Emergence of the partnership with the BRICS (Brazil,
India, China, South
Africa);
Trade between China and Africa : 200 billion dollars;
Trade with India: 90 billion dollars;
Key players: The United States, China, India, the BRICS Countries, the Arab
countries, South Korea, Japan, Turkey.
EENI African Business Portal .
Economic Area of the African Civilization.
Samples
(c) EENI
(c) EENI Global Business School (1995-2023)
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