EENI-Business School

African Business and Economy

Course: African Business and Economy (e-learning, 5 ECTS, English)

African Business Economy

Six subjects compose the course “African Business and Economy”:

1- African Economy (0.6 ECTS)

2- Role of the African woman (0.4 ECTS)

  1. African Businesswoman (0.8 ECTS)

3- African Business People (2 ECTS)

4- Doing Business and Economic Governance in Africa (0.4 ECTS)

5- Frontier Markets in Africa (0.3 ECTS)

  1. Africa: The Next Emerging Continent

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Languages of study English or French Afrique Economie Portuguese Africa Economia Spanish Africa Economia. The student has free access to the materials in these languages.

Download the syllabus of the course “African Economy” (PDF)

The objectives of the course “African Business and Economy” are to know:

  1. The State of the African Economy: economic trends by region, most dynamic countries, influence of commodity prices, fiscal policy, risks that the African Economy faces, flows of direct investment, official development assistance, tax revenue in Africa, socio-economic impact of Ebola
  2. The Role of the African Women (519 million): one of the pillars of the African Economy
  3. The profile of twenty-five African Women who are leading the African Transformation, such as the President of the African Union, Her Excellency Nkosazana Dlamini-Zuma or the Angolan businesswoman Isabel dos Santos (the richest African woman)
  4. The profile of forty African Business People who are leading the African transformation as the Nigerian, Alhaji Aliko Dangote (the richest African), Mohammed Ibrahim (Sudan), or Patrice Motsepe (South African)
  5. The state of governance in Africa, index on how to do business, business climate, state of corruption, African civil conflicts or the relevant Ibrahim Index of African Governance
  6. Understand the concept of “Frontier or pre-emergent markets in Africa” related to the investment opportunities and business environment in Africa

We Trust in Africa

Course intended for all those wishing to understand the state of the African Economy and business environment in Africa.

Sample of the course - African Economy:
African Economy

Nigeria is the largest African economy, followed by South Africa, Egypt, Algeria, Angola, Morocco, Sudan, Kenya, Ethiopia, Libya.
Top African economic sectors: agriculture (25% GDP) and services.
African manufacturing sector: only 10% of the African GDP

Subjects of the Course - African Business and Economy

Subject 1- African Economy. Syllabus:

  1. Introduction to the African Economy
  2. Macroeconomics prospects for Africa
    1. Case Study: Saving, investment, and growth in Africa
  3. Economic trends by Africans regions
    1. East and West African Countries: The fastest growing regions
    2. Central Africa
    3. Southern Africa
    4. North Africa
  4. Influence of Commodity prices, inflation, monetary and fiscal policies
  5. Case Study: Fiscal policy in Africa and business cycles
  6. Risk affecting the African Economy
  7. Foreign Direct Investment (FDI) in Africa
    1. The largest receptors (countries and sectors)
    2. Sources of the FDI in Africa
    3. Intra-African investments
    4. Portfolio investments to Africa
  8. Remittances to Africa
  9. Official development assistance (ODA)
  10. Tax revenues in Africa
  11. Case Study:
    1. Socio-economic impacts of the Ebola Virus Disease in Guinea, Liberia, and Sierra Leone
    2. Historical evolution of the African Economy

Subject 2- Role of the African woman - African Businesswoman. Syllabus:

- H.E. Dr Nkosazana Dlamini-Zuma
- Isabel dos Santos
- Folorunsho Alakija
- Cheryl Carolus
- Hajia Bola Shagaya
- Divine Ndhlukula
- Mimi Alemayehou
- Tara Fela-Durotoye
- Minoush Abdel-Meguid
- Adenike Ogunlesi
- Bridgette Radebe
- Wendy Appelbaum
- Iman
- Dr Amina Odidi
- Rapelang Rabana
- Monica Katebe Musonda
- Amini Kajunju
- Folake Folarin-Coker
- Irene Charnley
- Sibongile Sambo
- Wangari Maathai
- Ellen Johnson-Sirleaf
 - Leymah Gbowee

Subject 3- African Business People. Syllabus:

- Alhaji Aliko Dangote
- Dr Mike Adenuga
- Tony Elumelu
- Orji Uzor Kalu
- Hussein Ali Al-Amoudi
- Naushad Merali
- Hakeem Belo-Osagie
- Adewale Tinubu
- General Theophilus Yakubu Danjuma
- Oba Otudeko
- Patrice Motsepe
- Cyril Ramaphosa
- Mohamed Ibrahim
- Osama Abdul Latif
- Onsi Sawiris
- Othman Benjelloun
- Hassan Abdalla
- Mohamed Mansour
- Tarek Talaat Moustafa
- Ahmed Mekky
- Bhimji Depar Shah
- Mohamed Bensalah
- Miloud Chaabi
- Anas Sefrioui
- Aziz Akhannouch
- Ali Wakrim
- Mohamed Ali Harrath
- Sifiso Dabengwa
- Strive Masiyiwa
- Mohammed Dewji
- Said Salim Bakhresa
- Dr Reginald Mengi
- André Action Diakité Jackson
- Abdulsamad Rabiu
- Olufemi Otedola
- Jim Ovia
- Dr Alhaji Muhammadu Indimi
- Tunde Folawiyo
- Ali Haddad
- Issad Rebrab

Hispano-African University of International Business
U-EENI University Vision: Opening of the Hispano-African University of International Business in Africa

  1. Credits of the course “African Business and Economy”: 5 ECTS Credits
  2. Total Tuition Fees: 195 Euros
  3. 20% discount for the African Students and 10% for the students from the African Diaspora
  4. Duration: 1 month
The course “African Business and Economy” is part of the following programs:
  1. Doctorate in Business in Africa
  2. Masters (e-learning): International Business, Africa
  3. Bachelor's Degree in Inter-African Business

The students who have taken this course (the African Business and Economy) can validate and register for a Master or Doctorate at EENI (School of International Business).

The course “African Business and Economy” contains exercises that are evaluated, which the student must work out and pass to obtain the diploma “African Business and Economy” issued by EENI (School of International Business).

Susana Fernández with African Students

Methodology: e-learning/Distance Learning.

Area of Knowledge: Africa

See also: African Economic Transformation

Course description - African Business and Economy.

Economic growth of Africa: 5-6%

  1. East Africa: 6.2%
  2. West Africa: 7% (fastest African growth)
  3. Central Africa: 5.7%
  4. Southern Africa: 4.4%
  5. North Africa and: 5.5%.


  1. Energy cost
  2. Food and commodities prices
  3. Tax revenues
  4. Inflationary pressures
  5. External financial flows
  6. Official development assistance
  7. Improved Intra-African trade performance
  8. Top African exports: mainly commodities
  9. Regional Integration
  10. Infrastructures
  11. Private consumption

The proportion of Africans living on less than 1.25 dollars a day fell from 58% in 1996 to 50%.

The creation of several institutions related to the economic integration in Africa was expected to increase thwe intra-African trade in products.

Such International Trade augmented from 2% in the early 1980s to 9% of the total exports of Africa, but these statistics underestimate the actual flows as they do not include unrecorded external trade, which is thought to be crucial.

Even with this caution, the intra-African trade flows are low in comparison to those in other regions and relative to the foreign trade potential of Africa.

The analysis of the foreign trade destinations show that notwithstanding the low aggregate level of the intra-African trade, such regional trade is vital for many African Countries.

 At least 25% of exports from twenty African Countries are absorbed by the regional market. The magnitude of trade blocs is highlighted by the fact that 75% of the intra-African trade takes place within these regional groups.

Africa has a long tradition of cross-border investment but the lack of reliable data has constrained a detailed analysis. The limited data available show that intra-African Foreign investment represents 13% of the total inward Foreign direct investment. This level is less than 50% the figure for the Association of Southeast Asian Nations region, where intraregional investment represents 30% of the total Foreign direct investment (FDI).

Developing Trade in Services is a key component of successful regional integration in Africa. The services stand for, or have the potential to become, important sources of export earnings for numerous African Countries.

Economic Area of the African Civilisation.

Samples of the Course: African Business and Economy

Patrice Motsepe South African Businessman

Alhaji Aliko Dangote Nigerian Businessman

Foreign Direct Investment (FDI) in Africa

Isabel dos Santos (Richest African Woman)

Doing Business and economic governance in Africa

Mohamed Ibrahim Sudanese Businessman

Frontier Markets in Africa

The African Countries by GDP (nominal - billion dollars).

1- Nigeria (594.257)
2- South Africa (341.216)
3- Egypt (284.860)
4- Algeria (227.802)
5- Angola (131.407)
6- Morocco (112.552)
7- Sudan (70.030)
8- Kenya (62.722)
9- Ethiopia (49.857)
10- Libya (49.341)
11- Tunisia (49.122)
12- Tanzania (36.620)
13- Ghana (35.475)
14 -Ivory Coast (33.963)
15- The Democratic Republic of the Congo (32.665)
16- Cameroon (32.163)
17- Uganda (26.086)
18- Zambia (25.611)
19- Gabon (20.675)
20- Mozambique (16.590)
21- Botswana (16.304)
22- Senegal (15.881)
23- Chad (15.841)
24- Equatorial Guinea (15.396) 25 Congo (14.114)
26- Zimbabwe (13.739)
27- Burkina Faso (13.382)
28- Mauritius (12.720)
29- Mali (12.043)
30- Namibia (11.982)
31- South Sudan (11.893)
32- Madagascar (11.188)
33- Benin (9.237)
34- Niger (8.290)
35- Rwanda (8.002)
36- Guinea (6.770)
37- Sierra Leone (5.411)
38- Togo (4.838)
39- Malawi (4.408)
40- Mauritania (4.286)
41- Eritrea (3.870)
42- Swaziland (3.842)
43- Burundi (3.037)
44- Lesotho (2.458)
45- Liberia (2.073)
46- Cape Verde (1.975)
47- The Central African Republic (1.731)
48- Djibouti (1.582)
49- Seychelles (1.473)
50- Guinea-Bissau (1.040)
51- The Gambia (0.918)
52- The Comoros (0.722)
53- São Tomé and Príncipe (0.362)
54- Somalia
55- Sahrawi Arab Democratic Republic

Hajia Bola Shagaya Nigerian Businesswoman

Index of African Governance

African population

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