Monday, December 18, 2017
Add this page to Blinklist Add this page to Del.icoi.us Add this page to Digg Add this page to Facebook Add this page to Furl Add this page to Google Add this page to Ma.Gnolia Add this page to Newsvine Add this page to Reddit Add this page to StumbleUpon Add this page to Technorati Add this page to Yahoo


ideas have consequences

You are here:Home>>Strategic Research & Analysis>>The World Economic Forum: De-Risking of Africa in Davos
Tuesday, 29 January 2013 15:47

The World Economic Forum: De-Risking of Africa in Davos

Written by Emeka Chiakwelu

When first class global economists, politicos, and business leaders gathered in Davos for the World Economic Forum, the last thing they want to do was to give an impression that Africa does not belong to the elite group of world who-is-who. Sprinkles of African elites were present and there was a discussion session at Davos that was set aside for the review of Africa’s political economy.

 

Of course few African leaders were invited to participate in the discussion and they probably convinced that they will be taken serious as the audience looked captivated as the discussion on African problem was being dissected by the political and business leaders from Africa.

 

The session was called “De-Risking Africa" and Presidents Jonathan of Nigeria and Zuma of South Africa were the principal speakers and analysts. How can we forget Graham Mackay, chairman of SABMiller, the largest growing brewing entity in Africa. To his credit, Mackay has managed to spread out his brewery empire around Africa.

 

By calling the session De-Risking Africa, World Economic Forum maybe trying to convey to the world that Africa is safe for business and investment. But the problem here is that African perception by the world cannot be easily altered by the session at Davos.

 

The western media and movie industry in the past have poorly projected and showcase Africa that it has become difficult to positively rebrand Africa as the global media is gearing up to do.

 

There is a new and emerging Africa, inasmuch that African contribution to the global GDP is quite minimal about or less than 2.7 percent, yet Africa has the fastest growing economy at the annual growth rate of at 5.2 percent in 2012 compared to the rest of the world that has experienced anemic growth of about 3.2 percent.

 

It is important that the world see Africa for what it is because investments and capital are needed to sustain the growth in Africa. The only way that Africa can succeed and alleviate her standard of living is to enshrine pro-growth policy but it cannot be doable without the necessary manpower and capital to move forward.

 

I do expect The World Economic Forum to do more for Africa not just by gathering some African leaders to speak on Africa but to create an environment where Africa is  'normalize' and the  label of the 'other' bloated out. Instead of setting aside Africa for discussion, Africa should be integrated into the discussion just as Europe and Asia.

 

Mackay in the discussion emphasized that problem of Africa must be left for the private industry to be “fix” with economic growth.  Mackay may be putting too much hope on the private sector as the panacea to the problems of Africa, for certain things are beyond the reach of the private sector. Peace and stability, responsible citizenry, law and order are needed to sustain economic growth and private sector have little role in them.

 

South African actress Charlize Theron was given 2013 World Economic Forum Crystal Award for humanitarian.


"Trust in economic growth to solve the problems of the continent, "Economic growth comes from the private sector: business will fix it, if it's allowed to. If you look at some of our operations in more rural parts of Africa and you see the conditions that have to be endured: these are heroic endeavors in many cases," Mackay said.

 

Africa needs both the private and public sectors to work together. Moreover, there are things that can be carried out by the private sector and there are things that government must do. Private sector should be the primary engine of Job creation and employments for the work force. The public sector should implement fiscal and monetary policies to promote wealth creation.

 

Both Presidents Jonatha and Zuma made an important point when it comes on the provision of infrastructures. They believed that Africa must developed modern infrastructures for sustainable economic growth. The private sector does not build roads, rails and provide power grids. This is the job of the public sector and that is where a functional government comes into play. Both private and public sectors have their unique roles to play in economic development and growth in anywhere including Africa.

 

President Paul Kagame  of Rwanda who was also in the audience said, “For me, the major problem I see is that Africa's story is written from somewhere else, and not by Africans themselves."   But the point Kagame missed is that in the global economy, investors send their investments to places they deem fit, simultaneously commentators and analysts from all parts of the world will follow accordingly where the actions are brewing.

 

President Paul Kagame speaking at Davos


News reporting on Africa has somewhat improved to more positive and good reporting, but the reality is that Africa has some fundamental problems that she must tackled to better improve her image. There are problems in the continent that are seriously hampering economic growth. And no matter how much de-risking you attempted with words, it cannot make it go away.

 

Actions, they say, speak louder than words. Action-oriented leaders are needed to fight corruption, build modern infrastructures and inspire the continent to achieve the goals she set for herself. The words and discussions at Davos may be good but action and determination must belong to Africa.

 

WEF

 

 

Emeka Chiakwelu, Principal Policy Strategist at Afripol.

 

 

 

 

 

 

 

 

 

 

 

 

 

Last modified on Saturday, 02 February 2013 17:19

291 comments

  • Comment Link RobertTek Monday, 27 November 2017 07:26 posted by RobertTek

    addhlkk

    http://www.tropicalsandmarines.co.uk/asics-football-boots-555.html
    http://www.scarpedacalcionikescontate.it/393-nike-tiempo-bianche-e-dorate.html
    http://www.botasfutboloutlet.es/adidas-futbol-sala-janeirinha-289.html
    http://www.buyniketrainersonline.co.uk/nike-flyknit-roshe-2-631.php
    http://www.adidastrainersuk.ru/adidas-ultra-boost-grey-on-feet-671

    Scarpe Nike Huarache Rosse
    Nike Mercurial Blu
    Adidas Shoes Women Classic
    Harga Sepatu Mbt Haraka
    Nike Air Max 90 Essential Junior

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link SergioSlops Sunday, 26 November 2017 22:17 posted by SergioSlops

    Kamagra-Mas-Barata
    Spread out the term regarding your juicing behavior. Talk to your close friends, family members, associates, co-workers, etc. every day or 7 days relating to your juicing and overall health programs. These people must be someone who will demonstrate interest and hear you, along with becoming someone who will not negatively assess your wholesome life-style.
    Comprar Levitra 5 Mg
    Individuals impacted by unpleasant piles could possibly get relief by utilizing topical ointment medications intended to ease the sensations of getting rid of that can sometimes take place. With this type of remedy, it is actually possible to reduce swelling, limit irritation and eradicate ache. Nonetheless, it is important to understand that the alleviation presented may only be momentary in nature.
    Kamagra Online Deutschland
    There are actually it simpler to get to sleep and continue to be in bed in the event you adhere to a routine. Go to bed furniture simultaneously, follow a sleeping routine if it can help you chill out and obtain no less than seven several hours of sleep at night every single night. Produce the ideal environment so that you can sleeping in.
    Viagra 25 Mg Prix

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Phillis Friday, 24 November 2017 21:04 posted by Phillis

    I really like your site.. keep up the good work! Have you
    any idea the actual theme is by the way?

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link mitziax16 Tuesday, 21 November 2017 02:24 posted by mitziax16

    Sexy girls posts
    http://asian.pornstars.sexblog.pw/?paginate_paris
    erotic roleplay xxx.prono.com erotic puzzle mature

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Robertgaiff Tuesday, 21 November 2017 02:19 posted by Robertgaiff

    Sorry for off-topic, I am considering about creating an informative web site for individuals. May probably commence with posting interesting information such as"In France, a five year old child can buy an alcoholic drink in a bar"Please let me know if you know where I can find some related facts like here

    http://www.punder.nl/the-finest-essay-writing-service-you-have-ever/

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link marcda16 Friday, 17 November 2017 01:03 posted by marcda16

    My novel time
    http://arab.sexy.girls.twiclub.in/?post-jaden
    chaka covering trends clergy series

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link BobLee#egennick[Beikykyybnejojob,2,5] Thursday, 16 November 2017 20:08 posted by BobLee#egennick[Beikykyybnejojob,2,5]

    Recently I have arrive across a single article, which I think you may uncover interesting. Anyone may well choose a steaming dump throughout it, but it really answered a number of my queries.
    http://wendellberryessays03.myblog.de/wendellberryessays03/art/13938423/-On-line-composing-solutions-Relieve-Accuracy-and-Amazing-benefits-
    http://wedoyouressay55.jigsy.com/entries/general/-The-transformation-of-via-the-internet-composing-solutions-
    http://volunteeringessaytoast0.jiliblog.com/8332429/the-transformation-of-on-the-web-writing-companies

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link BrettKig Thursday, 16 November 2017 17:31 posted by BrettKig

    wh0cd2919789 [url=http://amitriptyline02.us.org]AMITRIPTYLINE HCL 25 MG TAB[/url] Amitriptyline http://amitriptyline02.us.org [url=http://zithromax02.us.com]zithromax z-pak[/url] Zithromax http://zithromax02.us.com [url=http://prednisolone02.us.org]prednisolone[/url] prednisolone 1 http://prednisolone02.us.org [url=http://lasix02.us.org]Lasix[/url] click this link http://lasix02.us.org

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link MerioNRof Thursday, 16 November 2017 16:33 posted by MerioNRof

    I wish to get my inspiration from definitely significant phrases said by genuinely good persons like “No man's knowledge here can go beyond his experience”, does one know where I am able to find thematic compiltaions of those?

    https://www.zotero.org/groups/1900123/bestwritingservice94909

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link JacobHycle Thursday, 16 November 2017 07:35 posted by JacobHycle

    Куртки Finn Flare Куртка NRKI.RU http://nrki.ru/kurtki-finn-flare-kurtka.html - Click here...

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Start
Prev
1

Add comment