A Vision of Africa's Future

Total Page:16

File Type:pdf, Size:1020Kb

A Vision of Africa's Future Giovanni Carbone Africa is a fast-changing continent and an area of rising FUTURE AFRICA’S VISION OF A hththrt hhhghrtrtrgfgeteceq global relevance, where major transformation processes recrwcrwqrercqwcaxeqwcre. are currently underway, from demographic expansion A VISION OF Founded in 1934, ISPI is to economic development, from social progress to an independent think tank environmental challenges, from technological innovation to AFRICA’S FUTURE committed to the study of continental integration, from political change to migratory international political and pressures. How will these complex transformations shape Mapping Change, Transformations economic dynamics. the Africa of tomorrow? It is the only Italian institute This Report sets out a vision for Africa’s future based on and Trajectories towards 2030 – and one of the very few in five key traits: an archipelago of heterogeneous growth Europe – to combine research activities with a significant trajectories; the revolutionary impact of technological edited by Giovanni Carbone commitment to training, events, leapfrogging; regional integration and the growing role and global risk analysis for of sub-regional processes; the clustering of instability introduction by Paolo Magri companies and institutions. mainly around the core of the region; and the migration ISPI favours an interdisciplinary movements that originate from – but also predominantly and policy-oriented approach remain within – the African continent. made possible by a research team of over 50 analysts and an international network of 70 universities, think tanks, and research centres. In the ranking issued by the University of Pennsylvania, ISPI placed first worldwide as the “Think Tank to Watch in 2018”. € 12 A Vision of Africa’s Future mapping change, transformations and trajectories towards 2030 edited by Giovanni Carbone © 2018 Ledizioni LediPublishing Via Alamanni, 11 – 20141 Milano – Italy www.ledizioni.it [email protected] A Vision of Africa’s Future. Mapping Change, Transformations and Trajectories towards 2030 Edited by Giovanni Carbone First edition: September 2018 The analyses in this report were finalized in June 2018. The study was conducted as part of a project funded by the Directorate General for Global Affairs of the Italian Ministry of Foreign Affairs and International Cooperation. The opinions expressed in this publication are those of the authors. They do not reflect the views of ISPI or the Italian Ministry of Foreign Affairs and International Cooperation. Print ISBN 9788867058266 ePub ISBN 9788867058259 Pdf ISBN 9788867058273 DOI 10.14672/67058266 ISPI. Via Clerici, 5 20121, Milano www.ispionline.it Catalogue and reprints information: www.ledizioni.it Table of Contents Introduction........................................................................ 7 Paolo Magri 1. Mapping Change in Africa............................................. 15 Giovanni Carbone 2. Africa’s Multi-Speed Growth Prospects: Diverging Policy Options?............................................... 41 Thang Nguyen-Quoc, Arthur Minsat, Rodrigo Deiana 3. Sub-Regions First: The Role and Evolution of Regional Economic Communities in Africa................ 69 Brendan Vickers 4. Faster Than Expected? Technological Progress and Connectivity in Africa.............................................. 93 Michael Minges 5. Peace and Security Challenges in Africa........................... 111 Clionadh Raleigh 6. Exploring Intra- and Extra-Continental African Migration: Trends, Drivers and Policy Options......................................................... 143 Richard Mallett 7. Human Development, Education and Mobility.............. 173 Sara de Simone 8. Conclusions and Policy Implications................................ 197 Giovanni Carbone, Tiziana Corda List of Acronyms..................................................................213 The Authors.........................................................................219 Introduction Exploring Africa’s futures means telling a story of recent and ongoing fast-paced transformations. In recent years, econom- ic, socio-political and technological changes have been thriving throughout the continent. This picture of Africa steadily dis- tanced the continent from images of poverty, conflict, passivity, and paved the way for the “Africa rising” narrative. While the challenges impeding development and progress are still many, the opportunities the continent offers are greater than ever, for locals and foreigners alike. African institutions and citizens are assertively taking control over such opportunities by increasingly tackling issues pertain- ing to Africa, from security to development, from innovation to governance. Far gone are the days in which the role played by African actors on the international stage was non-influential. In a global context where the hegemony of traditional powers is challenged by emerging ones, Africa’s participation in global affairs is finding new spaces for enhancing its bargaining power. This applies to trade as well as aid, in sectors as different as ag- riculture and green technologies, education and infrastructure and so forth. In this context, traditional foreign actors and emerging ones have showed (renewed) interest in Africa, attracted not only by the region’s wealth of natural resources, but also by Africa’s one billion consumers’ untapped potential. The shift from aid to investment – with foreign direct investment currently exceed- ing aid – is an indicator of how the balance of power between Africa and the rest of the world is levelling out, reducing the divide in global dynamics. 8 A Vision of Africa’s Future Transformations have involved virtually every field, as Giovanni Carbone puts it in the opening chapter of this vol- ume. From demographic expansion and fast urbanisation to economic development, from social progress to environmental challenges, from technological innovation to continental inte- gration, from political change to migratory pressures. And they are likely to continue at an even more accelerated pace over the next decades. By revealing why they matter for Africa’s futures, this volume focuses on seven major trends: Africa’s population, urbanisation, growth trajectories, continental economic and political integration, technological innovation, political stabil- ity, and migration. Africans quintupled from 229 million in 1950 to 1.2 billion today, and are expected to double to 2.5 billion in 2050, mak- ing up a quarter of the global population. Africa’s young social fabric (in 2050 the continent’s median age will still be under 25, projected to hit 35 only in 2100) will be hungry for energy and resources, and will act as one of the drivers of global con- sumption. It will be increasingly occupying urban areas, which have been expanding (and are expected to keep growing) at an annual rate of 3% from 2015-2020. This population flow into cities will translate into the emergence of megacities with more than 10 million citizens and a plethora of medium-sized urban centres, with rural areas becoming less central to Africans’ lives. However, although urban living correlates positively to devel- opment, more than half of Africa’s urban population currently lives in slums (projected to triple in size by 2050), showing that population increase only partially relates to wealth increase. In the period from 2000 to 2015, as Carbone notes, African economies grew at an unprecedented average annual rate of around 5%. The positive trend involved many countries: those that were already on track toward development, and those that weren’t. It also involved a variety of sectors, not only energy and mineral commodities but also ICTs, agriculture and more. This growth slowed down after 2015 due to the fall of commodi- ty prices but also climate-induced events such as droughts and Introduction 9 reduced agricultural production. Country trajectories started to diverge, with some countries continuing to grow fast (i.e. non-oil economies such as Cote d’Ivoire, Ethiopia, Kenya, Mali, Rwanda, Senegal and Tanzania), while others have been experiencing a slowdown (i.e. regional giants Nigeria, Angola, South Africa, but also smaller economies such as Equatorial Guinea, Zimbabwe, Burundi). Against this background, Thang Nguyen-Quoc, Arthur Minsat and Rodrigo Deiana, challenge the belief that Africa as a whole is (still) rising. They argue that while in 2017 economic recovery began (at the continental lev- el), and the next 5 years should see a further slight increase in growth, Africa’s development will be unequal across sub-re- gions, with overall slower continental growth, if compared to the previous decade. This, in turn, will make it unlikely for the continent as a whole to meet the targets set by Agenda 2063 in its first 10-year implementation plan (2013-2023). However, ten of the world’s top twenty economies that are expected to record the highest growth rates between 2018 and 2022 are in sub-Saharan Africa. The lack of uniformity in development paths has had an im- pact on regional and continental efforts to enhance econom- ic and political integration, such as the creation of Regional Economic Communities (RECs) and the African Continental Free Trade Area (AfCFTA), resulting in a rather uneven inte- gration progress across Africa. While African leaders reached a consensus on the importance of integration to achieve growth and development, Brendan Vickers argues that for integration to work, it is not sufficient to make declaratory statements
Recommended publications
  • The Dakar Agenda for Action (DAA)
    The Dakar Agenda for Action (DAA) Moving Forward Financing for Africa’s Infrastructure I. Leveraging Public-Private Partnerships for infrastructure transformation 1. We, African Heads of State and Government, Ministers and representatives of African countries, Regional Economic Communities, leading business, investment and private sector organizations, development finance institutions as well as development partner institutions, met in Dakar, Senegal on 15 June 2014 at the Financing Summit for Africa’s Infrastructure, to build and strengthen innovative synergies between the public and private sectors towards mobilizing pan-African and global financial investments for infrastructure development in the continent. 2. The Dakar Financing Summit was held under the distinguished leadership of His Excellency Macky SALL, President of the Republic of Senegal and Chairperson of the New Partnership for Africa’s Development (NEPAD). The Summit was preceded by a Preparatory Forum on 14 June. 3. Noting that infrastructure development remains a key driver and a critical enabler for sustainable growth in Africa, we reaffirm that the current favourable economic landscape in the continent provides unique opportunity to collectively address the infrastructure deficit by financing critical national and regional high impact projects. Addressing Africa’s infrastructure gaps will help in creating the economic pre-conditions needed for longer-term growth enshrined in the goals of African Union and NEPAD. 4. Acknowledging Africa’s steady growth in the past decade, its much improved macro-economic performance and public finance management which helped in withstanding the impact of the global economic crisis, we re-emphasize the paramount need for the growth impact to be geared towards social inclusiveness and competitiveness through infrastructure modernization.
    [Show full text]
  • The Catalyst for Africa's Post-Pandemic Recovery
    Partner Insight governments must also lessen dependence INFRASTRUCTURE: on foreign lenders by mobilising domes- tic resources. This should send a positive message to the world that the continent is proactively contributing to its recovery and THE CATALYST not just relying on others. LEVERAGING ASSET RECYCLING There are several ways of mobilising domes- tic capital for infrastructure, especially from FOR AFRICA’S institutional investors. The assets under management of African institutional inves- tors are expected to rise to $1.8 trillion by 2020, which has increased from $1.2 trillion POST-PANDEMIC in 2017 according to the African Develop- ment Bank. Mobilising just a fraction of this capital for infrastructure could make a tremendous difference. RECOVERY Africa50 has taken a leadership role in promoting asset recycling, whereby govern- ments grant private sector investors con- cessions over infrastructure that is mostly already revenue generating. It enables gov- ernments to unlock capital tied up in assets that they already own, which would be more efore the Covid-19 crisis, Africa shocks, capital seeks safety and gravitates productively managed by private sector in- needed massive investments to back to home markets. Once the crisis dies vestors. By offering these assets through close its infrastructure gap. This down, investors will again look for oppor- concession schemes to credible private sector has become even more urgent now tunities, and Africa presents a plethora of investors, governments could free up funding with the health crisis. Any post- such prospects to invest in. In the short for critical new projects. Such concessions pandemic stimulus plan should in- term, however, Africa needs substantial fis- promise long-term revenue streams and cludeB an infrastructure component and ways cal stimulus to compensate for the capital new infrastructure investment opportuni- to increase the participation of the private flight and rising debt levels.
    [Show full text]
  • Articles of Association
    ARTICLES OF ASSOCIATION AFRICA50 – PROJECT FINANCE A special status financial company with an authorized share capital of three billion United States Dollars (USD 3,000,000,000) and an issued share capital of six hundred thirty two million two hundred and twenty three thousand United States Dollars (USD 632,223,000) Headquarters: Allée des abricotiers, Hippodrome – Casablanca – Morocco Adopted by the general assembly of shareholders on 29 July 2015 The shareholders hereinafter identified: 1) The African Development Bank, international organization established by the Agreement Establishing the African Development Bank signed between its member states on 4 August 1963, as amended from time to time, with Headquarters at 01 BP 1387 – Abidjan 01, represented by Dr. Donald KABERUKA in his capacity as President, vested with full powers for the purpose hereof; 2) The Republic of Benin, represented by Mr. Lionel ZINSOU, Prime Minister, vested with full powers for the purposes hereof; 3) The Republic of Cameroon, represented by Mr. Mouhamadou YOUSSIFOU, Ambassador of the Republic of Cameroon in Morocco, vested with full powers for the purposes hereof; 4) The Republic of Congo, represented by Mr. Gilbert ONDONGO, Minister of State, Minister of Economy, Finance, Planning, Public Portfolio and Integration, vested with full powers for the purposes hereof; 5) The Republic of Côte d’Ivoire, represented by Mr. Moussa DOSSO, Minister of State for Employment, Social Affairs and Vocational Training, vested with full powers for the purposes hereof; 6) The Republic of Djibouti, represented by Mr. Ilyas Moussa DAWALEH, Minister of Economy, Finance in charge of Industry, vested with full powers for the purposes hereof; 7) The Arab Republic of Egypt represented by the Central Bank of Egypt, itself represented by Dr.
    [Show full text]
  • Speech President Akinwumi Adesina Africa50 Shareholders
    Speech delivered by Akinwumi A. Adesina, President of the African Development Bank Group, on the occasion of the Africa50 Annual Shareholders Meeting on September 12, 2017 in Dakar, Senegal Your Excellency President Macky Sall, Honourable Ministers, Ladies and Gentlemen, 1. I am pleased to welcome you today to this Annual Shareholders Meeting. Thank you for your support for Africa50. 2. I am particularly grateful to His Excellency President Macky Sall for hosting us this year, and for his unwavering support of Africa50 and infrastructure development in Africa. Your leadership as Chairperson of the NEPAD Heads of State and the Government Orientation Committee, and your commitment to its vision of development through the ability and resourcefulness of the African people is an inspiration to many. 3. Africa’s economic outlook is improving. While results were uneven in 2016, with slower GDP growth of 2.2 percent, prospects are favorable for 2017 and 2018. Africa will benefit from a rise in commodity prices – mainly minerals and oil – as well as buoyant consumer demand, which accounts for 60% of Africa’s real GDP growth. 4. President Sall, your tireless advocacy for mobilising investment into infrastructure, which President Alpha Conde of Guinea recently seconded at the G20 meetings in Hamburg, strengthened the G20’s commitment for funding African infrastructure, and continues to motivate new partners. 5. The catalytic role of infrastructure as a driver of economic growth and development has never been more glaring. This is highlighted in the UN’s 2030 Agenda for Sustainable Development, and our own High 5 development priorities, one of which is Light up and Power Africa.
    [Show full text]
  • Press Release Africa50 and the Orabank Group Signed a €75
    Press release Africa50 and the Orabank Group signed a €75 million syndicated bridge loan to finance the construction of Malicounda power plant in Senegal Lomé, March 4th, 2021 – Africa50, the pan-African infrastructure investment platform, its partners and Oragroup, the holding company of Orabank, the pan-African bank, today announced a bridge loan of 50 billion CFA francs (€75 million) contracted with Orabank Senegal, Orabank Benin, Orabank Burkina and several other commercial banks within the WAEMU zone. This bridge loan will help to get the Malicounda power plant operational before the end of the year. Africa50 and its partners are also in the process of raising long-term senior debt for the project to swap the bridge loan. The Malicounda project consists in building and operating of a 120MW combined cycle power plant, located in Malicounda, 85 kilometers from Dakar. Shareholders of the plant are Melec Powergen (MPG), Africa50, and Senelec, the national electricity company. The closing of the bridge loan reflects the strong partnership between all stakeholders in each of their fields of expertise. Africa50 leads the financial aspects of the project and was responsible for finding the provider of the bridge loan, structuring the terms of the financing and close the transaction within an 1-month timeframe. MPG, the lead co-developer, share their expertise in energy engineering, combined with its increased knowledge of plant operations in the regional market and Senelec provides their institutional support. Oragroup, the holding company of the Orabank banking franchise, well established in in twelve countries across Central and West Africa, has structured and arranged the syndication of the bridge loan with a pool of banks in the WAEMU zone.
    [Show full text]
  • Study to Assess the Potential for Enhanced Private Participation in the Maritime and Air Transport Sectors in Africa Contract N° Ica/Tsp/001
    Study to assess the potential for enhanced private participation in the maritime and air transport sectors in Africa contract n° ica/tsp/001 Final Report May 2012 Prepared for: Prepared by: The Infrastructure Consortium for Steer Davies Gleave Africa (ICA) hosted by 28-32 Upper Ground The African Development Bank London SE1 9PD 15, Avenue de Ghana BP. 323, 1002 Tunis Belvédère +44 (0)20 7910 5000 Tunisia www.steerdaviesgleave.com Study to assess the potential for enhanced private participation in the maritime and air transport sectors in Africa Contract N° ICA/TSP/001 Final Report May 2012 Prepared for: Prepared by: The Infrastructure Consortium for Africa (ICA) Steer Davies Gleave hosted by The African Development Bank 28-32 Upper Ground 15, Avenue de Ghana London SE1 9PD BP. 323, 1002 Tunis Belvédère Tunisia +44 (0)20 7910 5000 www.steerdaviesgleave.com Contract N° ICA/TSP/001 CONTENTS GLOSSARY ..................................................................................................... I EXECUTIVE SUMMARY ..................................................................................... 1 Introduction ........................................................................................... 1 Ports – key learning points ......................................................................... 1 Air Transport Infrastructure – key learning points ............................................. 5 Investment climate in Africa ..................................................................... 10 Evaluation Framework ...........................................................................
    [Show full text]
  • Publications Africa50 Annual Report 2018
    ANNUAL REPORT 2018 INVESTING IN INFRASTRUCTURE FOR AFRICA’S GROWTH Africa50-Project Development and Africa50-Project Finance are two separate but complimentary legal entities with separate and independent balance sheets. This document highlights key achievements, progress on investment activities and audited financial statements as at 31 December 2018. Unless indicated otherwise, this report refers to both entities, collectively, as Africa50. TABLE OF CONTENTS Introduction and Highlights 6 Message from the Chairman 8 Message from the CEO 10 Part One: Operating Context 13 1.1 Global Overview 14 1.2 African Context 18 1.3 Thinking Regionally 20 1.4 Meeting the Challenge 22 Part Two: Africa50 23 2.1 Strategic Pillars 24 2.2 Value Proposition 24 2.3 Priority Sectors 25 2.4 Environmental, Social, and Governance Standards 25 2.5 Operating and Management Structure 28 2.6 Leadership 30 2.7 Corporate Culture 32 2.8 Building the Africa50 Team 33 Part Three: Investments 35 3.1 Africa50-Project Development 36 3.2 Africa50-Project Finance 36 3.3 Investments 37 Part Four: A Peek Into The Future 49 Part Five: Audited Financials 59 INTRODUCTION & HIGHLIGHTS Investing in Infrastructure for Projects and Investments Africa’s Growth Africa50’s portfolio is now composed of five investments. Africa50 also has a Africa50 was established by African solid pipeline of investments. (See Part governments and the African Three: Investment Activities). Development Bank to help bridge Africa’s infrastructure funding gap by facilitating Nachtigal Hydropower Plant Project project development, mobilizing public was awarded Global Multilateral Deal and private sector finance, and investing of the year 2018 by Project Finance in infrastructure on the continent.
    [Show full text]
  • A Review of African Diaspora Investment Symposium 2021
    Summary and Outcome of African Diaspora Investment Symposium 2021 (ADIS21) July 2020 to February 2021 ADIS21 By The Numbers: Speakers: Sessions: Registrants: Attendees: 2 Countries Represented 57+ 3 Builders of Africa’s Future by The Number: Nominees: Awardees: Sectors: Lead Funder: Registrants Attendees 4 About African Diaspora Network Founded in 2010, African Diaspora Network (ADN) has cultivated a global community invested in uplifting the continent of Africa and the communities in which we live. With over 1,200 on our online platform and a network of over 7,500 people, ADN has catalyzed numerous initiatives, projects, and collaborations through its proven strategy: Inform, Engage, Activate. Mission The mission of ADN is to sustainably serve its constituencies, marketplace, and partners. This is inextricably linked to engaging the African diaspora through an ethics of care, enhancing their well-being in their adopted homelands, and facilitating their strategic involvement in the development of Africa. Vision ADN’s vision is to activate capital from the African diaspora and friends of Africa for the development of Africa and communities around the world. We aim to be a global leader in diaspora philanthropy, investment, and innovation. Board of Directors TWUM DJIN, Head of Engineering, Stripe JOSH GHAIM, Ph.D., Founder & Managing Partner, IgniteGB Inc. NDEYE MAKALOU, Commercial Director, Roche ALMAZ NEGASH, Founder of ADN & Executive Director INNOCENT SHUMBA, Partner, Ernst & Young, San Jose DUNCAN GOLDIE-SCOT, Musoni Kenya, Ltd. AGNIESZKA WINKLER, Founder, Winkler Group Team ALMAZ NEGASH, Founder of ADN & Executive Director DANIEL HARTZ, Founding Board of ADN & Director of Finance and Operations MEGAN HUNSBERGER, Program & Digital Media Manager DEBRA PACIO, Content Developer & Storyteller YINKA DJIN, Information Technology Associate CAROLINE OCAMPO, Public Information & Brand Officer 5 Advisory Council KEDEST TESFAGIORGIS, Bill & Melinda Gates Foundation ABBEY OMOKHODION, Intel Corporation DR.
    [Show full text]
  • Industrial Alignment and Energization
    Industrial Alignment and Energization: How commercial partnerships deliver energy, create jobs, build capacity, and spur industrial growth Alain Ebobisse, CEO Africa50, keynote at Powering Africa Summit, Washington DC, March 9, 2017 Good morning ladies and gentlemen. I want to thank my friends at Energy Net for giving me the opportunity to address you today on our common goal of expanding the power sector in Africa. It’s been our top priority at Africa50 since I joined last August, and I look forward to exchanging ideas with all of you in the room and other project developers, financiers, and partners during the Summit. Falling growth and investment rates You may remember the famous cover of The Economist magazine of December 2011 called “Africa Rising.” Well at that point it was; after decades of false starts Africa finally seemed to be fulfilling its potential. However, only five years later The New York Times had a different headline: “Africa Rising? Africa Reeling Would be More Fitting Now”. Indeed, while growth in Africa roared along at about 5.4% a year from 2000 to 2010, for the next five years it slowed to about 3.3%. Some of this can be explained by external shocks, such as the 2008 financial crisis and the fall in commodity prices, but much of it is due to internal factors. While overall, progress has been noticeable, more can be done to get to a higher level. So what can be done to stimulate growth in Africa, including the kind of industrial growth that helped pull other regions out of poverty? It is certain that Africa cannot base its development primarily on commodity exports and donor funding.
    [Show full text]
  • Improving Infrastructure in Africa: Creating Long-Term Resilience Through Investment
    FORESIGHT AFRICA VIEWPOINT Improving infrastructure in Africa: Creating long-term resilience through investment No country in Africa has been spared by the COVID-19 pandemic, and the hard-fought economic gains of recent years are under threat everywhere. In fact, in 2020, the region’s GDP could contract by as much as 3.4 percent, down by over 7 percentage points from pre-crisis estimates.118 Improved infrastructure has rightly been among the countermeasures proposed and should be a major component of any stimulus plan, both for responding to the pandemic and for building resilience over the long term. And it should not just be any infrastructure, but projects that stimulate econom- ic activity, create employment, bolster supply chains, and expand access to health care, sanitation, and education. Thus, with the continent’s long-term future in mind, at Africa50, while we are still focused on traditional sectors such as transport and power generation, we are looking for opportunities in health and sanitation and re- doubling our efforts in information and communications technology (ICT). Although ICT has been one of Africa’s success stories, the pandemic has exposed the region’s lingering digital divide. Health infrastructure has historically suffered from constrained public sector budgets and underfunding. For many years, since African residents that could afford modern care opted to go overseas and financial returns for mass provision were low, the sec- tor did not attract many private investors. Now, with the growth of Africa’s middle classes, growing purchasing power, increased employer-provided health insurance, and rising health awareness, the sector is becoming more attractive to investors.
    [Show full text]
  • Publications Lights, Power, Action: Electrifying Africa
    LIGHTS POWER ACTION: ELECTRIFYING AFRICA LIGHTS, POWER, ACTION 2 ELECTRIFYING AFRICA CONTENTS 6 ACKNOWLEDGEMENTS 9 FOREWORD BY KOFI ANNAN 14 INTRODUCTION 22 PART I: OFF-GRID SOLAR – CLIMBING THE POWER LADDER • Solar products offer an energy ladder • Solar home systems: Powering families • Box 1: Rwanda national off-grid programme • Box 2: “Impact investors” bring solar energy to African homes • Advancing access beyond the home 43 PART II: MINI-GRIDS – SERVING “THE MISSING MIDDLE” • Mini-grid models • Box 3: Africa can learn from mini-grid experience in Asia and America • Accelerating mini-grid development 60 PART III: MENDING AND EXTENDING THE GRID • National grids are failing Africans • Making power sector reforms work for all • Box 4: In Côte d’Ivoire and South Africa, reforms encounter success and challenges • Box 5: Coal’s future in Africa • Unleashing Africa’s renewable power potential • Box 6: African Renewable Energy Initiative: Creating energy systems for the future • Transmission and distribution – the weak link • Special Section: Preventing electricity losses and theft • Box 7: The Grand Inga Dam – promises and pitfalls • Regional power trade could transform Africa • Getting the finances right: Making power sustainable 94 PART IV: POLICY INSIGHTS 100 REFERENCES 107 END NOTES 3 LIGHTS, POWER, ACTION ABOUT THE AFRICA PROGRESS PANEL KOFI ANNAN MICHEL CAMDESSUS PETER EIGEN BOB GELDOF GRAÇA MACHEL STRIVE MASIYIWA OLUSEGUN OBASANJO LINAH MOHOHLO ROBERT RUBIN TIDJANE THIAM The Africa Progress Panel consists of ten distinguished members give them a formidable capability to access the individuals from the private and public sectors who worlds of politics, business, diplomacy and civil society at advocate for equitable and sustainable development the highest levels, globally and in Africa.
    [Show full text]
  • The Road to the Sdgs
    The President’s Five-Year Programme PROGRESS AND ACHIEVEMENTS THE FUTURE The Road to the SDGs The President’s Five-Year Programme PROGRESS AND ACHIEVEMENTS The Road to the SDGs The President’s Five-Year Programme PROGRESS AND ACHIEVEMENTS DISCLAIMER The findings, interpretations and conclusions expressed in this publication aim to reflect the views of the Islamic Development Bank (IsDB). IsDB does not guarantee the accuracy of the data included in this publication and accepts no liability for any consequence of their use. This publication is provided without any warranty of any kind whatsoever, either express or implied. Nothing herein shall constitute or be considered a limitation upon or waiver of the privileges and immunities of IsDB, all of which are specifically reserved. The designations employed and the presentation of material in this publication do not imply the expression of any IsDB opinion concerning the legal status of any country, territory, area, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The use of maps, reference to a particular territory or geographic area, or by using the term “country” in this publication does not imply official endorsement or acceptance thereof by the IsDB nor does IsDB intend to make any judgements as to the legal or other status of any territory or area presented herein. ISBN: 978-1-9160325-1-4 The Road to the SDGs The President’s Five-Year Programme Progress and Achievements Text © Department of Strategy and Transformation (DoST): [email protected] Islamic Development Bank All rights reserved Published in 2021 by the Islamic Development Bank www.isdb.org [ i ] t the Islamic Development Bank (IsDB), we are working to improve the lives and livelihoods of those we serve.
    [Show full text]