Monday, June 26, 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

228 comments

  • Comment Link ThomasSob Sunday, 25 June 2017 22:32 posted by ThomasSob

    gsfuapm

    http://www.abovenet.co.uk/oakley-gascan-icon-replacement-oakley-gascan-ice-iridium-polarized.html
    http://www.abovenet.co.uk/oakley-recent-price-reductions-oakley-off.html
    http://www.abovenet.co.uk/oakley-ca-massage-33483-oakley-ca-massage-360.html
    http://www.abovenet.co.uk/friends-of-oakley-special-school-friends-of-oakley-hall-chapel.html
    http://www.canticismo.it/ray-ban-2132-australia-ray-ban-2132-arm.html

    oakley store 620 usc
    oakley store questions jpg
    oakley store zara mk
    oakley half jacket 2 asian fit
    oakley deviation replika

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link RichardFams Monday, 19 June 2017 22:48 posted by RichardFams

    nhyojzo

    http://www.desmaeckvanspa.nl/256-gucci-sneakers-damen-sale.html
    http://www.aoriginal.co.uk/adidas-superstar-white-price-174.html
    http://www.tr-online.nl/224-adidas-neo-dames-lite-racer.php
    http://www.academievoorpsychiatrie.nl/381-adidas-los-angeles-grijs.html
    http://www.specialgroup.nl/182-adidas-superstar-limited-edition-roze.htm

    Converse Schoenen Grijs
    Philipp Plein Schoenen Spikes
    Adidas Superstar Blue Suede
    Adidas Nova
    Louis Vuitton Sneakers Bestellen

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link RichardFams Wednesday, 14 June 2017 13:17 posted by RichardFams

    utmfynq

    http://www.viherio.fr/629-adidas-femme-rose.php
    http://www.weddingtiarasuk.co.uk/adidas-boost-low-basketball-622.php
    http://www.probaiedumontsaintmichel.fr/089-new-balance-rouge-bordeaux.php
    http://www.rebelscots.de/air-jordan-14-retro-257.htm
    http://www.scellier-nantes.fr/990-adidas-jeremy-scott-wings-2.0-prix.html

    Adidas Femme Dentelle
    Adidas Gazelle Menthe
    Adidas Jeremy Scott Bones Size 11
    Adidas Shoes For Girls High Heels
    Nike Damen Blau Pink

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link ThomasSob Tuesday, 13 June 2017 21:38 posted by ThomasSob

    rzzylhj

    http://www.ideelle.fr/152-asics-gel-lyte-iii-femme-bleu.html
    http://www.los-granados-apartment.co.uk/189-adidas-mens-pure-boost-zg.html
    http://www.lac-genin.fr/790-converse-homme-comme-des-garcons.html
    http://www.graysands.co.uk/nike-presto-uk-9-641.asp
    http://www.la-baston.fr/adidas-dor茅-317.html

    Adidas Stan Smith Wearing Red
    Adidas Noir Croco
    Adidas Nmd Runner Pk
    Puma Suede Platform Speckle Bordeaux
    Adidas La Trainer Og Mig

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Curtissn Tuesday, 13 June 2017 07:16 posted by Curtissn

    ztuaevq

    http://www.wallbank-lfc.co.uk/678-adidas-ultra-boost-teal.htm
    http://www.wallbank-lfc.co.uk/906-adidas-tubular-moc-black.htm
    http://www.adhi.es/nike-tiempo-2016-595.php
    http://www.restaurantegallegoosegredo.es/jordan-5-mujer-636.php
    http://www.xingbang.es/supra-zapatillas-skate-520.html

    Goedkoop Zanotti Schoenen
    Nike Superfly
    Adidas Jeremy Scott Tubular
    Jordan Viii
    Clarks Originals Aanbieding

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link RichardFams Sunday, 11 June 2017 01:41 posted by RichardFams

    zaenhju

    http://www.ehev.es/299-zapatos-prada-en-chile.htm
    http://www.fawdingtonbmw.co.uk/322-adidas-js-wings-2.0.html
    http://www.cheap-laptop-battery.co.uk/071-adidas-superstar-black-on-black.htm
    http://www.wervjournaal.nl/766-skechers-dames-2017.html
    http://www.evcd.nl/nike-huaraches-244.html

    Zapatos Lazo
    New Balance Homme Bleu Marine
    Zapatillas
    Zapatos Tachuelas
    Adidas Nmd City Sock Primeknit

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link RichardFams Saturday, 10 June 2017 08:59 posted by RichardFams

    zfsgyur

    http://www.harlingen-havenstad.nl/prada-schoenen-738.html
    http://www.carpetsmiltonkeynes.co.uk/060-adidas-nmd-r1-black-black-white.html
    http://www.geadopteerden.nl/goedkope-voetbalschoenen-met-sokjes-084.php
    http://www.rwpieters.nl/760-garantie-salomon-schoenen.html
    http://www.pcbodelft.nl/381-nike-schoenen-voetbal.html

    Ofertas Madrid
    Poloshirt Dames Lange Mouw
    Saucony Guide 8
    Adidas Shoes Stan Smith Blue
    Adidas Flux Xeno Black

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link Curtissn Monday, 05 June 2017 05:12 posted by Curtissn

    nnxvbzu

    http://www.free-nokia-ringtones-now.co.uk/adidas-neo-pace-170.html
    http://www.spanish-realestate.es/332-puma-evopower-verdes.asp
    http://www.cheap-laptop-battery.co.uk/794-adidas-superstar-green-and-black.htm
    http://www.tr-online.nl/178-adidas-nmd-xr1-olive.php
    http://www.cpac.org.es/carteras-louis-vuitton-precios-originales-062.html

    Mens Adidas Gazelle Og Turquoise
    Caterpillar 2017
    Tiendas Bogota
    Prada Schoenen Bestellen
    Gazelle Adidas Shoes

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

    lesgaxc

    http://www.bibliotheek-hardinxveld.nl/982-adidas-tubular-all-black.asp
    http://www.finaperf.es/hollister-ropa-mujer-verano-550.html
    http://www.aoriginal.co.uk/adidas-superstar-light-blue-and-white-253.html
    http://www.elisamurciaartengo.es/jordan-93-finals-shoes-761.php
    http://www.lexus-tiemens-arnhem.nl/717-versace-schoenen-nederland.htm

    Nike Shox Turbo 6
    Tenis Mujer
    Nike 2017 Zwart Rood
    Air Max 90 Essential Wolf Grey
    Tenis Feminino

    This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Comment Link RichardFams Saturday, 03 June 2017 17:57 posted by RichardFams

    jnvadfc

    http://www.wallbank-lfc.co.uk/586-adidas-zx-flux-core-black-light-copper.htm
    http://www.restaurantegallegoosegredo.es/jordan-eclipse-rosas-420.php
    http://www.posicionamientotiendas.com.es/046-jordan-5-black-metallic.html
    http://www.bbspijk.nl/599-louboutin-outfit.html
    http://www.amorenomk.es/162-ralph-lauren-camisas-precio.html

    Zapatos Nauticos
    New Balance 576 Femme
    Tods Schoenen Paul Warmer
    Nike Roshe One Nm Flyknit Se
    Superstar Holographic

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

Add comment