www.acetforafrica.org #ATF2016
Convene. Strategize. Transform.
The African Transformation Forum 2016: Your Forum Guide Coca-Cola and the Contour Bottle Design are Registered Trademarks of The Coca-Cola Company. ©2016 The Coca-Cola Company
African Transformation Forum Kigali Rwanda
The beginning of something great MESSAGE It is with great pride that the Government of Rwanda welcomes you to the inaugural African Transformation Forum (ATF). Though Rwanda is a small country geographically, we have great aspirations, both for ourselves, and the continent overall.
We feel strongly that the path towards achieving those goals is through an unwavering focus on economic transformation. Rwanda is often cited internationally for transitioning from turmoil to becoming a consistent top performer globally in indicators such as business climate, health, education, anti-corruption, women's empowerment and trust in public institutions, among others. This has been achieved by following a clear vision, setting priorities, being systematic about pursuing our goals, and most importantly, having a visionary leadership to drive implementation of programs. It is my hope that we will apply the same approach to the issues we will discuss over the next two days. By Claver Gatete Our belief in and commitment to an African-led, collaborative and cross-stakeholder movement towards transformation is the reason Rwanda’s Minister for Finance why we have partnered with the African Center for Economic and Economic Planning Transformation (ACET) to co-host this forum. As you will see over the next two days, both the ATF and the Coalition for Transformation are designed to provide opportunities for sustained and dynamic engagement to address some of the fundamental roadblocks to African countries realizing their development goals. The Government of Rwanda – because this is what we ourselves strive for – particularly supports the evidence- based approach that the ATF and Coalition take towards developing and implementing policy for a better future. Despite the excitement about the ‘Africa rising’ narrative, what is clear now is that unless growth is inclusive and contributes to greater structural stability, the vast majority of African citizens – and especially traditionally disadvantaged groups such as the youth, women and those in rural areas – will continue to be excluded from the gains enjoyed by the few. It is the task for us who have gathered The ATF and the Coalition for here, to demonstrate and translate our political will and collaborative Transformation are designed spirit into actions aimed at making it possible for ALL Africans to thrive. to ... address some of the I encourage everyone here to take full advantage of the brilliant minds fundamental road blocks to and innovative ideas that you will encounter over the next two days. We all have the same goal and can benefit greatly from peer learning. African countries realizing The ATF and the Coalition for Transformation are the beginning of their development goals. something great, but only we who are participating can make it so. www.acetforafrica.org African Center for Economic Transformation (ACET) 3 Billboard 5x10m.pdf 1 11/26/14 10:08 AM Truly African
Dakar Khartoum C Bamako Ouagadougou M Codeshare: Y Air Burkina Abuja Djibouti
CM
MY Freetown Addis Ababa CY Cotonou CMY Monrovia Lagos Juba K Abidjan Douala Yaounde Accra Entebbe Eldoret Kisumu NAIROBI Kigali Mwanza Malindi Brazzaville Bujumbura Mombasa Kinshasa Kilimanjaro Zanzibar Dar es Salaam Luanda Codeshare: Precision Air Codeshare: Various Destinations TAAG Angola Lubumbashi Pemba Comoros We connect to more African Ndola Lilongwe Codeshare: LAM Mozambique Mayotte Lusaka Blantyre Livingstone Nampula countries than any other airline Harare Windhoek Antananarivo Codeshare: Air Namibia Gaborone with over 500 weekly connections Maputo Johannesburg Codeshare: LAM Mozambique across the continent. Durban Codeshare: Capetown Kulula.com Codeshare: East London Kulula.com Codeshare: George Kulula.com Codeshare: Kulula.com
www.kenya-airways.com
Supporting Economic Transformation (SET) is an SET has collaborated with ACET on background papers Overseas Development Institute (ODI) programme for the ATF 2016 across three themes: public and private supported by the UK Department for International sector collaborations to achieve transformation, promoting Development (DFID). The programme aims to promote light manufacture for export and facilitating trade and economic transformation by providing practical policy regional integration. support to country governments and their partners, including donors and the private sector. www.set.odi.org SET’s three core areas of work are: Contact: Sonia Hoque, SET Programme Manager, • Country analysis – analytical support for developing countries and their partners to identify politically Email: [email protected] feasible pathways for economic transformation Twitter: @EconTranform • Sectoral and thematic work – understanding themes, including trade or gender, and different sectors, such as manufacturing and services, important for economic transformation • Data portal – bringing together data relevant for the analysis of economic transformation www.acetforafrica.org to advance Africa’s economic transformation. todevelopment partners share ideasandcollaborate policymakers, businessleaders, and civilsociety For years wehave wanted to convene leadingthinkers, Transformation Africa’s Economic Advancing African Transformation Forum KigaliRwanda economic transformation. Thank you allfor your attendance andcommitmentto Africa’s for to ACET theirongoingsupport over theyears. foundations, theGovernment of theNetherlands,and theWorld Bank ODI for for theirkindsupport thisforum; andtheGates and Hewlett Thank you to TheMasterCard andFord foundations, Coca-Cola and members withthefundamental knowledge, experience andpolitical will. on distinctareas of economictransformation andcomprise core meaningful working relationships. Coalition Chapters willfocus mobilizing resources for research andimplementation,building an ongoingmechanismfor sharingideasandbestpractices, jointly borders to drive policy andinstitutionalreforms. The Coalition willbe Transformation ofa network working experts across – sectors and be shared whilewe are here, we conceptualized theCoalition for In answering thequestionof how to implementtheinsightsthatwill position to championAfrica’s transformation. “how“ andgatheringthe “who“ –you, whohave theknowledge and This forum advances theagendaby moving from to the“why“ the economy, allto improve Humanwell-being. government offices, andTechnologyupgrades throughout the competitiveness, Productivity increases onfarms, infirms,and as “Growth withDEPTH”: Diversification of production, Export Our 2014African Transformation Report thatshift articulated transformation! been calling for to aparadigm shift: gobeyond growth towards of anunprecedented inAfrica, economicgrowth spurt ACET has 2000s, from thedepths of aglobalfinancialcrisis to theheights to deliver economictransformation for Africa. Sincethe late Transformation governments to (ACET) andbusinesses support The ATF advances themissionof theAfrican Center for Economic characteristic efficiency inbringingit tofruition. forhis unwavering support theForum andfor hisgovernment’s now happened;andI would like to thankPresident Kagamefor With theinaugural African Transformation Forum (ATF), thishas
African Center for Economic Transformation (ACET) beyond growth to African economies to go development: acallfor a paradigm onAfrica’s shift ACET hasbeen callingfor Since thelate 2000s, Transformation African Center for Economic Founder andPresident By K.Y. Amoako transform ! 5
MESSAGE
African Transformation Forum Kigali Rwanda
Time to play it smart MESSAGE Not so many years back, K.Y. Amoako, the President of the African Center for Economic Transformation (ACET) occupied the same position in the Economic Commission for Africa (ECA) that I now do; we share the same passion for Africa’s economic success and both our organizations are convinced that only a strategy of radical economic transformation will deliver the prosperity that Africa needs and deserves.
ACET and the ECA are working towards the same ends but our modes of operation are, of course, different. Made up of 54 member states, the ECA is one of the UN’s five regional commissions and its mandate, in a nutshell, is to promote the economic and social development of its member states.
ACET is an independent think-tank focussed on African economic transformation strategies. Its research and recommendations, most notably articulated in the African Transformation Report, feed into the body of knowledge that we at ECA use to develop policy By Carlos Lopes recommendations and ambitious strategies. We are all aware that Africa, and indeed the world, is entering into Executive Secretary a new era replete with fresh challenges as well as opportunities. Economic Commission for Africa Climate change is already having a severe impact on the continent – the recent prolonged drought in Southern and Eastern Africa is just one example. The slowdown of some emerging markets’ growth, particularly that of China, as well as the collapse of oil, gas and other commodity prices is also impacting the growth and development prospects of African countries.
But new opportunities for growth and prosperity are also opening up: Africa has the potential to satisfy the rapidly increasing global demand for food; its enormous gas and geothermal discoveries can provide the affordable and clean energy we need; and its young and dynamic workforce can turn the continent into the globe’s newest industrial base. We need expertise, Despite the challenges Africa’s future shall shine – but we have to play it not only well but also smart. We need expertise, knowledge and knowledge and the ability the ability to convert that information into practical, transformative to convert that information action. But transformation requires a collaborative effort. ACET and into practical, transformative ECA will be bridge builders to make that aspiration real. action. But transformation It is also appropriate that this first African Transformation Forum should take place in Rwanda – a country whose own extraordinary requires a collaborative transformation over just two decades, makes it a global icon of hope, effort. courage and determination.
African Center for Economic Transformation (ACET) www.acetforafrica.org 6
African Transformation Forum Kigali Rwanda
Promoting inclusive finance and growth MESSAGE On behalf of The MasterCard Foundation, I would like to welcome you to the African Transformation Forum. We are proud to be a convening partner in this vital event.
This Forum is the brainchild of K.Y. Amoako and the African Center for Economic Transformation. We thank him for his long-standing service to advance the continent, and the Government of Rwanda for hosting this Forum.
We are striving towards a future where all people are able to live and work with dignity. Despite economic gains in many African countries, far too many people remain excluded from the prosperity of recent years. This means a vast resource of human ingenuity and talent remains untapped. Real economic transformation must provide opportunities for everyone, especially those living in poverty, to improve their lives. Weaving a broad narrative about Africa’s economic transformation By Reeta Roy will require the leadership and contributions of diverse actors – governments, private sector, entrepreneurs, civil society President and CEO organizations, and citizens. Foundations and other philanthropic The MasterCard Foundation organizations must also play a role.
The MasterCard Foundation has made a significant and long-term commitment to Africa. Our partnerships across 29 countries are educating and developing the next generation of ethical leaders, preparing young people for the workforce and promoting inclusive finance and growth, particularly in the agricultural sector. Importantly, we will continue to elevate the views of the poor and ensure the reality of their lives is visible to leaders and decision-makers.
It is in this spirit of collaboration that all of us have come to the African Transformation Forum. I look forward to building the relationships and networks that will help us achieve our shared goals. A vast resource of human ingenuity and talent remains untapped. Real economic transformation must provide opportunities for everyone, especially those living in poverty, to improve their lives.
www.acetforafrica.org African Center for Economic Transformation (ACET) 7
African Transformation Forum Kigali Rwanda
BREAKOUT SESSION 1 Talking points Youth Skills & As part of the preparation for the Employment inaugural African Transformation Forum, we commissioned a number of experts TALKING POINTS TALKING from ACET as well as other organizations, to produce a set of background papers BREAKOUT SESSION 2 on the major issues relating to Africa’s Promoting Financial economic transformation, to guide Inclusion discussions during the Forum.
We expect to hear a wide range of perspectives from various players that together with the BREAKOUT SESSION 3 papers, will add to the body of knowledge Facilitating Trade and that we hope will be translated into policies Regional Integration and actions which will lead to the continent’s economic transformation.
Summaries of the papers are presented in the following pages for quick reference. To view and BREAKOUT SESSION 4 download the papers, please visit www.acetforafrica.org Transforming . Agriculture
Our gratitude goes to the Overseas Development Institute (ODI) for contributing their expertise to some of the papers and also BREAKOUT SESSION 5 providing financial support for the exercise. Thanks are also due to the World Bank for Seizing New writing the paper on financial inclusion. Opportunities in Manufacturing
BREAKOUT SESSION 6 Managing Extractives for Transformation
BREAKOUT SESSION 7 Managing and Financing Energy Infrastructure
African Center for Economic Transformation (ACET) www.acetforafrica.org 8
African Transformation Forum Kigali Rwanda
SummaryQuality of paper: education Developing Youth Skills key and Employmentto skills by William upgrade Baah-Boateng (ACET) TALKING POINTS TALKING A shift from over-production of skills in humanities to the training of youth in STEM is a much-needed change in BREAKOUT orientation. SESSION
1 Issues:
How can the quality of basic education be improved? Should secondary education be free and compulsory to raise school enrolment at that level? How can technical, vocational education training (TVET) be used as an instrument to promote entrepreneurship for employment Transformation requires a larger shift to generation? What is the best approach to science and technology training removing the negative stigma often associated with TVET? How can the quality of TVET and The availability of sufficient The education system therefore economic incentives in terms quality human resource is a produces students with weak creative of employment prospects be major prerequisite for economic instincts, poor problem solving aptitude improved to make it attractive to transformation. However, currently, the and an inability to deal with problems in the youth? quality of human resource in Africa is the world of work. poor in comparison with other regions. How relevant is the current tertiary The non-involvement of industry in the education system in the region for This is due to several factors: First, the human capital development process economic transformation? general level of education and skills of and the low commitment of policy the Sub-Saharan African (SSA) labor makers to the promotion of technical How can the imbalance in force is low relative to other regions. and vocational skills training add to secondary and tertiary education While primary level enrolment in the challenges confronting human capital between humanities and STEM be region has improved and has come development in the region. redressed? to par up with its comparators, the How can the quality of teaching Placing SSA on the path of economic same cannot be said for enrolment at and learning in STEM be transformation requires a number secondary and tertiary levels. improved? of policy actions and changes in Second, the quality of education is also orientation. low for several reasons including poor Areas that need urgent actions include: infrastructure and teaching facilities addressing skills mismatch by bridging and poorly motivated teachers and the gap between industry and training/ supervision among others. academic institutions; promotion Third, training in humanities is technical and vocational training; overemphasized relative to science, tightening supervision and provision of technology, engineering and mathematics quality infrastructure; teaching aids and (STEM). Fourth, the method of teaching incentives for teacher motivation and a and skill training focuses on examinations shift from examination and certification and certification with little or no emphasis based training to practical oriented and on practical orientation and case studies. problem solving approaches.
www.acetforafrica.org African Center for Economic Transformation (ACET) 9
African Transformation Forum Kigali Rwanda
SummaryFinancial of paper: inclusionAccess to Finance for vital SMEs by for the World transformation Bank, Ghana office
TALKING POINTS TALKING Issues:
BREAKOUT Strengthening Credit Information SESSION Bureaus: Banks do not have enough information to assess SME 2 credit-worthiness. Can training SMEs on financial management and credit information systems help? Secured Transactions Registries: Most SMEs do not have fixed assets collateral. Can Secured Transaction Laws and Registries for Moveable Property help? Bias against women in credit markets: What can be done to Access to finance remains a major hurdle reduce or eliminate this bias? Leasing requires no collateral for SMEs as the underlying leased good becomes the collateral. How can it be made to work better for SMEs? There are several aspects of Constraining factors include: lack of Warehouse Receipt Systems: The financial inclusion, but to accelerate credit and registration information, discounting of bills receivable can economic transformation and reduce difficulties in verification of documents, be a very effective way to facilitate poverty, access to affordable finance for identification and enforcement of the flow of money along value SMEs and smallholders is central. collateral in addition to low levels of chains. How can these be made to business skills and training. SMEs form 95% of businesses in Africa work better? and account for the majority of new Microfinance institutions tend to focus Partial Credit Guarantee Schemes: jobs in the non-agricultural sectors. on payroll based lending and leasing How can they work better for Smallholders account for over 80% of companies lend to SMEs, but for both SMEs? farmers in Africa (about 40% of the total the scope is often hampered by a lack population). of funds. Lines of Credit. How can the amounts be increased For these groups, accessing credit Smallholders face all the systemic credit and utilization by SMEs and remains a major constraint to growth. market biases against SMEs and more. smallholders made more Data from Zambia shows that while They are unable to offer their land as effective? 95% of SMEs have bank accounts, collateral because of communal land only 16% had loans or lines of credit. tenure systems, they are often poorly In addition, virtually all loans required educated, the agricultural cycle tends to collateral amounting to around 146% of be long and the risks of failure are higher loan amounts. Banks are also generally in agriculture. unwilling to lend to the agriculture sector. Women bear the brunt of the systemic In Ghana, the share of agricultural loans biases due to cultural and historical in the total portfolio of commercial barriers. Increasingly, the youth are also banks was 6.1% in 2010. feeling the pinch as formal sector jobs fail to expand sufficiently to absorb them.
African Center for Economic Transformation (ACET) www.acetforafrica.org 10
African Transformation Forum Kigali Rwanda
SummaryUnlocking of paper: Trade intra-African Facilitation and Economic trade Transformation in Africa by Joe Amoako-Tuffour (ACET) and Neil Balchin, Linda Calabrese and Maximiliano Mendez-Parra (ODI) TALKING POINTS TALKING
Do governments provide enough space for engagement with the BREAKOUT private sector on issues related to SESSION trade facilitation? 3 Why are African countries not jumping to ratify the World Trade Organization Trade Facilitation Agreement? Is it a governance problem? Or is it because of a lack of policy coherence?
Sub-Regional issues:
SADC How can SADC countries improve Better trade facilitation will create larger coordination in the management intra-African markets of regional transit systems? What should be done to address concerns about the potentially adverse effects of trade facilitation Trade facilitation can stimulate Outside these examples, however, the on local employment, revenues economic transformation in Africa implementation of trade facilitation and the livelihoods of the most by raising exports, supporting export agreements has generally been vulnerable? diversification, reallocating resources problematic. It remains a challenge to to more productive activities, improving translate the good intentions expressed EAC access to cheaper and better- in Africa’s regional trade agreements How can trade facilitation be quality imported inputs and enabling into concrete actions towards trade improved in a way that takes into participation in value chains. facilitation. account the varying levels of Many African regions have begun to commitment to regional integration formulate regional approaches to trade Issues: across EAC member states? facilitation, and there are important ECOWAS examples of particular approaches What more can be done to working well. The introduction of one- harmonize regional trade How can ECOWAS countries stop border posts (OSBPs) at Chirundu facilitation instruments in cases become more effective partners (on the Zambia–Zimbabwe border) and where countries have overlapping in regional development and at the Busia border crossing between membership in more than one integration processes? regional economic community? Kenya and Uganda have reduced the What role can the private sector time and costs involved in moving goods What are the remaining political play in regional integration in across borders. and other impediments to the order to promote economic The OSBP at Busia has also made it elimination of the Non-Tariff Barriers transformation? easier for small traders to cross the hampering trade flows in Africa? ECCAS border, giving them access to a wider What can be done to ensure market and improving their livelihoods. effective implementation of mutually What are the remaining bottlenecks Similar improvements in border crossing agreed protocols, programs or hampering implementation of the times have been recorded along the schemes aimed at promoting intra- free trade area in the ECCAS region? Trans Kalahari, Maputo Development and regional trade in Africa? How can they be addressed? Northern Corridors.
www.acetforafrica.org African Center for Economic Transformation (ACET) 11
African Transformation Forum Kigali Rwanda
SummaryFirst, of Transform paper: ‘Modernizing agriculture Agriculture to power Africa’s economic transformation’ prepared by Yaw Ansu (ACET) TALKING POINTS TALKING
A Large-scale commercial sector that is in harmony with communities and smaller farmers; BREAKOUT SESSION Better links with manufacturing. 4 The pay off Providing sufficient food for African households Maintaining globally competitive wages due to reduced food costs Providing reliable inputs to agro- processing industries Expanding employment and raising incomes Greater disposable incomes will Agriculture is the bedrock of Africa’s increase demand on goods and services economic tranformation Boosting agricultural exports and reducing food imports.
frica has nearly 60% of the world’s little domestic processing of agricultural Aarable, uncultivated land and well products. What is required over half of those employed in Africa Raise productivity on farms Fortunately, new opportunities can be work in agriculture. seized to help address the challenges. Increase training of farmers Yet the continent spends around $ 35 What Africa has going for it is abundant Improve storage, markets and logistics billion per annum on food imports. uncultivated arable land, a warm climates allowing year-round cultivation, Improve policy environment for The experience of countries that have increasing urbanisation and a growing manufacturing of agricultural inputs undergone their Green Revolutions middle class creating demand for Ensure that women share benefits shows that rising agricultural food; and a new determination in the equally productivity is central to overall policy space, for instance the AU’s economic transformation. How can Sustain the environment and respond CAADP Process and Declarations, Africa replicate this experience? to climate change. and possibilities of using ICT for African agriculture is characterized technological leap-frogging. by low-productivity in the traditional Issues smallholder sector (over 80 %) with Vision farmers generally uneducated and How can communal land tenure operating with little modern inputs or Within a generation, African agriculture systems be reformed? should be characterized by: commercial orientation. How to incentivize educated youth In addition, the large-scale and modern A smallholder sector with better to go into agriculture? access to inputs, services, and commercial farm sector is very small What roles should the state play? and generally owned by ethnic minorities knowledge to be more productive and What is the scope of public-private or foreignfirms. The ‘missing middle’ resilient; collaboration? is made up of struggling small and An expanding SME commercial medium-sized modern commercial sector owned by educated young What should be the role of external sector owned by nationals. Finally, there Africans; actors, including donors? are weak linkages with other sectors and
African Center for Economic Transformation (ACET) www.acetforafrica.org 12
African Transformation Forum Kigali Rwanda
SummaryRaising of paper: the Promoting bar Manufacturing on manufacturing in Africa by Yaw Ansu (ACET), John Page (Brookings Institution), Margaret McMillan (Tufts University, NBER and IFPRI) and Dirk Willem te Velde (ODI) TALKING POINTS TALKING
improved coherence and implementation coordination within government; and BREAKOUT SESSION strengthened consultation and collaboration between governments 5 and the private sector.
Issues:
How do countries raise their focus and commitment to manufacturing, and develop a coherent strategy to promote it? In what visible forms should this be expressed? What key measures can countries take to improve their FDI Manufacturing remains an essential part of promotion efforts and link the FDI Africa’s transformation firms to domestic suppliers? How can the performance of SEZs and industrial parks be improved; ndustrialization, particularly the will have to formulate and implement should the private sector’s role Iexpansion and increased sophistication coherent industrial development in developing and managing of manufacturing production and strategies. The key elements of such SEZs and industrial parks be exports, and also the expansion of strategies must include: increased; how can public-private manufacturing employment, remains collaboration be increased in this continued improvements in an essential part of Africa’s economic area? the basics, including sound transformation. Unfortunately, macroeconomic management, How best can the state support manufacturing as a share of GDP has improvements in the general access of local SMEs to declined over the past few decades investment climate and support for technology? in most African countries, although in the private sector, and development absolute terms it is growing. How do we increase access of of public infrastructure and relevant SMEs to long term finance; in Even though African countries face skills particular, how can development difficult challenges in breaking into export push, including regional trade banks (and similar institutions) world manufacturing markets, there and integration be made more market and are new developments that work in performance oriented; what are their favor. These include: rising wages agglomeration through building and the changes needed in their in China and a rebalancing in Asia running efficient SEZs and industrial governance; what is the scope for away from export-led to domestic and parks public-private sector collaboration regional consumption-led growth; active FDI promotion and building in improving SME access to long- Africa’s growing regional markets; falling linkages with local firms term finance for manufacturing? transport costs; improved access to abundant natural resources; improving supporting productivity enhancement firm productivity and access to global of local SMEs and their access to value chains; and improving general technology and long term finance to economic policy environments. help them venture into production of new or technologically more But governments should not stand aloof; sophisticated products to seize these new opportunities they
www.acetforafrica.org African Center for Economic Transformation (ACET) 13
African Transformation Forum Kigali Rwanda
SummaryIs Africa of paper: getting The Evolving Local local Content content and Value Addition right? Landscape in Africa’s Extractive Sectors: Is Africa Getting It Right? by Joe Amoako-Tuffour, Edward Brown and Sarah-Jane Danchie (ACET) TALKING POINTS TALKING
For SSA, the emerging evidence has already opened up a number of compelling questions. Broadly, Is Africa BREAKOUT getting it right? And more specifically, SESSION Against the reality that the size of 6 national markets of resource-rich sub-Saharan Africa are comparatively too small and country endowments may not be enough to support sustained and substantial industrial activities, when does country local content development make sense? How can greater regional integration leverage Africa’s natural resources for resource-based growth and economic transformation? Are there aspects of local content that Local content and value addition should receive greater attention than others? Or that are best managed could provide a winning formula for all through legislation, administrative measures, or are best left to industry guided by policy incentives? Are esource-rich economies in the In a paper published in 2011, Chris requirements and regulations alone Rpast two decades have sought to Hanlin, of Social Business Solutions, sufficient to achieve desired develop- actively promote local content and value asked whether the drive to increase ment objectives? If not, what else are addition (LCVA) strategies as the means local content is a myth or reality. A needed? to increase the value contribution of 2012 study by Morris and others, One Is the lack of country development extractive resources to their growth and Thing Leads to the Other, observed that plans and coherent industrial policies development opportunities. experiences with linkage development undermining Africa’s quest for have been mixed and modest. In its 2013 efficient local content and value- LCVA has now entered the agendas of Economic Report on Africa, the UNECA addition development? most resource-rich economies. At the observed that some governments have core is the requirement for investors not adopted linkage policies; others Are the recent commodity price to expand employment opportunities, have had not followed through with declines an incentive or deterrent to invest in local supply chains and promote measures to support skills development, value addition strategies? local procurement of inputs, open equity local enterprise developments, and to local partners, use local financial technological capabilities. What role can regional development institutions, encourage technology banks play in financing extractives transfer and stimulate broad-based The missing drivers were the development and optimizing value growth of the non-resource sectors. competitiveness of domestic firms and addition opportunities? the effectiveness of government policy. LCVA could provide a winning formula for Recently, Africa Practice and Pinsent Have governments failed in managing all. An efficient, competitive local supplier Masons sought to address the question: public expectations around what local meets the needs of industry, expands “Are local content policies effective content could do? linkages, opens up opportunities for in achieving national development suppliers further downstream, creates objectives, and how should investors jobs at home, and offers opportunities approach national participation?” They for local management and ownership. concluded that “local content is here LCVA strategy has taken on different to stay and … companies that fail to forms with varying emphasis across recognize the evolving investment countries. Businesses have responded reality will fall quickly behind.” with caution.
African Center for Economic Transformation (ACET) www.acetforafrica.org 14
African Transformation Forum Kigali Rwanda
SummaryPower of paper: is the Propelling key Africa’s Energy System Forward for Economic Transformation’ by Joe Amoako-Tuffour and Maame Esi Eshun (ACET) TALKING POINTS TALKING
Creating an effective, accessible and sustainable energy environment in Africa requires significant investments. The BREAKOUT initiatives outlined above complement SESSION each other by attracting and making 7 available the needed investments into the power sector – particularly in scaling up off-grid roll-out programs and recourse to renewable sources of energy. There is a clear emphasis on public- private partnerships as key instruments in both closing the power gap and building the capacity to evolve into renewable technologies. Privatization, innovative public-private partnerships and how to accelerate regional power plans are recurring themes. All deserve Public-private partnerships are attention. essential in closing Africa’s power gap Issues:
ver half of Africa’s population lacks The paper mentioned above seeks to Is privatization the solution to Oaccess to basic electricity and clean open up the landscape for broad-based Africa’s energy problems? cooking facilities, and the numbers discussion over the constraints of If public action is required, what are rising with population growth and availability, access and sustainability of should be the scope of public- urbanization. For most of sub-Saharan power sector, about how to accelerate private partnership? Africa (SSA), electricity generation positive action and about the scope of is limited and often relies on a single public policy. What ought to be the role of source, which in most cases is non- government in shaping the future The good news is that Africa is beginning renewable. A significant amount of what of Africa’s power sector? to see a real momentum towards closing is generated is often lost in transmission Should there be some minimum Africa’s power gap. This involves several and distribution. threshold of government in region-wide initiatives including: The shaping the future of Africa’s Access does not always guarantee UN’s Sustainable Energy for All Africa power sector? availability; erratic blackouts and load (hosted by the African Development shedding means businesses must rely Bank), Power Africa (2013) coordinated Are regional power pools the best on diesel powered generators, which by USAID, African Development Bank’s strategy to addressing Africa’s alone increases the cost of doing New Deal on Energy for Africa (2015), energy challenges? business. And the climate impacts of UK’s Energy Africa Campaign (2015), What role should regional and most current energy sources and use are the EU’s Electricity Financing Initiative continental development banks judged most severe in SSA compared to (2016), and the African Energy Leaders play? other regions of the world. Group. Therefore, tackling Africa’s energy These initiatives set out to improve problems is a central part of economic access to electricity across SSA while transformation if the vision of the ‘Africa minimizing the carbon footprints of fossil We Want’ (Agenda 2063), among other fuel dependency. The primary focus is continental development initiatives, is to on the rural populations who least can be realized. afford full cost recovery pricing of grid electricity consumption.
www.acetforafrica.org African Center for Economic Transformation (ACET) 15 African Transformation Forum 11:15-11:45 March 14-15, 2016 Keynote Address Serena Hotel, Kigali, Rwanda A special Guest of Honor will deliver the forum’s keynote address. DAY ONE: MARCH 14, 2016 12:00-13:30 08:00-08:45 Registration Breakout 1: Developing Youth Skills and Employment Africa has the fastest rising youth population in the world, 08:45-09:30 creating a workforce that is expected to be younger and Opening Session larger than that of China or India by 2050. The implications of this trend for the labor market are enormously promising, Claver Gatete, Minister of Finance and Economic Planning, if the skills match the jobs available; alarming if not. This Republic of Rwanda, will chair the opening session. Speakers session will explore different ways in which countries could will be K.Y. Amoako, President of the African Center for invest in Africa’s youth to develop skills, create productive Economic Transformation, and Carlos Lopes, Executive jobs, and retain future generations of African talent. Secretary of the United Nations Economic Commission for Africa. Moderator: James Mwangi, Executive Director, Dahlberg Group 09:30-09:45 Invited Panelists: Convening Partners’ Remarks Patrick Awuah, Founder and President, Ashesi University Amini Kajunju, President and CEO, Africa-American Institute Welcoming remarks from our Convening Partners, Reeta Roy, President and CEO of The MasterCard Foundation Steve Cumming, Manager of Learning, The MasterCard and Darren Walker, President of the Ford Foundation. Foundation Solomon Assefa, Director, IBM Research – Africa Kelvin Balogun, President, Coca-Cola Central, East and 09:45-11:15 West Africa Plenary I: Creating National Transformation Strategies 12:00-13:30 The most important foundational element to successful transformation is devising a coherent medium and long- Breakout 2: term strategy that is nationally owned and widely informed by all stakeholders. But how do countries go about creating Promoting Financial Inclusion Africa’s small enterprises and farmers need the right financial these national strategies? Who should be involved? How tools to expand production, adopt innovations, embrace is consensus gained and support built? This session will technology, and propel transformation. This session will explore the best ways and processes for governments to focus on ways in which the public and private sectors produce a transformation plan that establishes a vision, sets can increase access to affordable financing and essential priorities, and encourages engagement from the private services such as savings, credit, and insurance for those who sector and civil society. need it the most. Moderator: Moderator: Lanre Akintola, Editor, African Business magazine Yvonne Okwara, News Anchor/Producer, KTN Invited Panelists: Invited Panelists: Mona Quartey, Deputy Minister of Finance, Republic of Ghana John Rwangombwa, Governor Central Bank of Rwanda Neway Gebreab, Economic Advisor to the Prime Minister and Amolo Ng’weno, East Africa Regional Director, Bankable Executive Director, Ethiopian Development Research Institute Frontiers Associates Makhtar Diop, Vice President for Africa, The World Bank Henry Kerali, Country Director for Ghana, Liberia and Sierra Ibrahim Mayaki, CEO, New Partnership for Africa’s Leone, World Bank Development (NEPAD) Louis Otieno, Director, 4Afrika Initiative, Microsoft Nkosana Moyo, Founder and Executive Chair, Mandela Mawuli Ababio, Director and Partner, PCP Capital Partners Institute of Development Studies
African Center for Economic Transformation (ACET) www.acetforafrica.org 16 12:00-13:30 14:30-15:00 Breakout 3: Featured Address: Facilitating Trade and Regional Integration The AfDB and Africa’s Transformation An integrated regional market that facilitates trade would As the continent’s premier financial development institution, open new windows of opportunity to African enterprises the African Development Bank occupies a unique place and spur them to boost production and hire workers not to at the intersection of transformation policy, finance, and mention attract more foreign direct investment. This session implementation. AfDB President Akinwumi Adesina will will offer lessons in how successful facilitation including deliver a featured address on the Bank’s critical role in reforming customs policies and procedures and other border ensuring that African transformation initiatives secure roadblocks enables transformation. Also, it will identify the resources and support they need to be carried out strategies to hasten progress on current African initiatives. successfully. Moderator: Eveline Herfkens, former Minister of Development Cooperation, The Netherlands 15:00-16:30 Invited Panelists: Plenary II: Valentine Rugwabiza, Minister of East African Community, Implementing National Transformation Strategies Republic of Rwanda Creating a national plan that flows from broader goals Richard Newfarmer, Country Representative, International and objectives is just the beginning of a transformation Growth Centre process. The next step – how a country goes about Richard Sezibera, Secretary General, East African allocating its resources – is of equal importance. This Community session will follow the format of Plenary I, with practitioners sharing strategies for implementation and explaining how Witney Schneidman, Nonresident Fellow, Africa Growth Initiative, Brookings Institute institutional arrangements are determined and how key stakeholders come together such as through formal planning Matthew Rees, Deputy Coordinator, Trade Africa, USAID commissions and public-private sector alliances to budget, coordinate, and carry forward its national plan. Moderator: 12:00-13:30 Yvonne Okwara, News Anchor/Producer, KTN Breakout 4: Invited Panelists: Transforming Agriculture Francis Gatare, CEO, Rwanda Development Board A more modern, efficient, and productive agricultural sector offers Africa its most immediate pathway to poverty Emmanuel Nnadozie, Executive Secretary, African Capacity reduction, and it also offers many countries their most Building Foundation Dirk Willem te Velde, , International Economic immediate pathway to transformation. This session will focus Head on how to modernize African agriculture and, in the process, Development Group, Overseas Development Institute drive transformation by creating new platforms for expanded Michael Chege, former Policy Advisor, Treasury and National industrialization and new jobs along the value chain from Economic and Social Council, the Republic of Kenya farms to factories to logistics and more. Moderator: Yaw Ansu, Chief Economist, African Center for Economic 16:30-16:45 Closing Remarks Transformation Invited Panelists: Dina Umali-Deiniger, Practice Manager for East Africa, 17:00 Cocktail Reception The World Bank Alemayehu Konde Koira, Program Manager, Economic Opportunities for Youth/Agriculture, The MasterCard Foundation Convening Partners MD Ramesh, President and Regional Head, South and East Africa, Olam Dede Amanor Wilks, Development Specialist/Consultant, Economic Commission for Africa Kenneth Quartey, Managing Director, Sydal Farms
13:30-14:30 Lunch
www.acetforafrica.org African Center for Economic Transformation (ACET) 17 African transformation forum 10:45-12:15 March 14-15, 2016 Breakout 5: Serena Hotel, Kigali, Rwanda Seizing New Opportunities in Manufacturing Can Africa become the world’s next great manufacturing DAY TWO: MARCH 15, 2016 hub? With abundant labor, available resources, and attractive investment climates, the opportunity is there. Yet in 2010, the region’s average share of manufacturing value added in GDP 08:45-09:00 Opening Remarks an indicator of diversity in production was less than 10%, much lower than the 25% seen in earlier transformers. This session will examine the prospects, constraints, and realistic opportunities in manufacturing for African countries as they 09:00-10:30 attempt to follow in the footsteps of Asia and other success stories. Plenary III: Moderator: Mobilizing and Utilizing Resources for Transformation As Africa’s investment needs and opportunities have Tony Oteng-Gyasi, former President of the Association of evolved in recent decades, so have its primary sources of Ghana Industries, and Managing Director and Chairman of Tropical Cable and Conductor Ltd development financing. ODA is declining, and while new partners like China and Brazil have emerged, philanthrophies Invited Panelists: and global foundations are playing a greater role than ever in addressing issues at the core of inclusive growth and François Kanimba, Minister of Trade and Industry, Republic of poverty reduction. Moreover, as espoused in the AU Agenda Rwanda; former Governor of the Central Bank of Rwanda 2063 there is a greater recognition that domestic resource Phyllis Wakiaga, CEO, Kenya Association of Manufacturers mobilization be the principle means for financing Africa’s Yaw Ansu, Chief Economist, African Center for Economic economic transformation. This session will explore innovative Transformation ways to prioritize and mobilize domestic resources for transformation, as well as the most effective ways to channel both domestic and external resources to ensure maximum impact. 10:45-12:15 Moderator: Breakout 6: Lanre Akinola, Editor, African Business magazine Managing Extractives for Transformation Africa’s abundant mineral, oil, and gas resources can boost Invited Panelists: GDP, but how do they support sustainable development and Antoinette Sayeh, Director, Africa Department, International drive economic transformation? By creating stronger linkages Monetary Fund across a country’s broader economy such as stimulating Jean-Louis Sarbib, CEO, Development Gateway growth in local employment, industrial development, and entrepreneurship. This session will explore the best policies Ed Brown, Director, Advisory Services, African Center for Economic Transformation and practices to develop local content and value addition so that extractive resources are maximized. Haddis Tadesse, Deputy Director, Bill & Melinda Gates Foundation Moderator: Ibrahima Cheikh Diong, Founder and Chief Executive Officer, Africa Consulting and Trading 10:30-10:45 Coffee Break Invited Panelists: Evode Imena, Minister of State for Mining, Republic of Rwanda Kojo Busia, Senior Mineral Sector Governance Advisor, Economic Commission for Africa Sheila Khama, Director, Africa Natural Resources Center at African Development Bank Joe Amoako-Tuffour, Director of Research, African Center for Economic Transformation Tutu Agyare, Non-Executive Director, Board of Directors, Tullow Oil
African Center for Economic Transformation (ACET) www.acetforafrica.org 18 10:45-12:15 15:15-16:45 Breakout 7: Closing Session: Managing and Financing Energy Infrastructure A Coalition for Transformation Infrastructure remains a major constraint to transformation, National transformation strategies and policies should and perhaps no constraint is more pronounced than be specific to country circumstances including resource electricity – the demand for power is set to rise fivefold by endowments and capabilities. But it is also true that most 2040. Priority regional projects identified by the Program African countries face similar challenges in framing and for Infrastructure Development in Africa would substantially implementing their transformation strategies for inclusive boost power access, but what will it take to finance and growth and towards meeting the Sustainable Development manage such large-scale investments? This session will Goals. In this circumstance, peer-to-peer learning and explore how public-private partnerships hold the key to knowledge sharing around what works and doesn’t work is advancing Africa’s power infrastructure needs at both the critical. national and regional levels. In of this closing session, we will introduce the Coalition Moderator: for Transformation in Africa – a new leadership network organized in chapters, each focused on a specific issue David Ofosu-Dorte, Senior Partner, AB & David covered during the previous forum sessions. Comprised of Invited Panelists: like-minded country representatives and other stakeholders with relevant experience and knowledge, these chapters will James Musoni, Minister of Infrastructure, Republic of Rwanda take the lead in promoting policy and institutional reforms to Kwabena Donkor, former Minister for Power, Republic of drive transformation. Chapters will report back at subsequent Ghana African Transformation Forums, sharing their progress and T.J. Zhai, CITIC Construction ensuring that the ATF becomes the premiere results-oriented Mark Carrato, Chief, Office of Economic Growth and Power event at the continental level in pursuit of transformation. Africa, Kenya Team Leader Reports from some of the breakouts will be shared followed by a panel discussion on the Coalition, moderated by Yvonne Okwara. 12:15-13:15 Lunch Co-Chairs: Claver Gatete, Minister of Finance and Development Planning, Republic of Rwanda, K.Y. Amoako, President, African 13:15-13:45 Center for Economic Transformation
Featured Address: Selected breakout session reports DfID and Africa’s Transformation Panel discussion on the Coalition for Transformation in The United Kingdom is one of the continent’s longest- Africa standing development partners, and as such, DfID Director General for Economic Development David Kennedy will share the UK’s commitment and vision for economic transformation in Africa, initiatives the UK believes could 16:45-17:00 Closing Remarks propel transformation, and the role of governments, private sector firms and individuals, foreign investors, civil society and development partners. 17:00 Cocktail Reception
13:45-15:00 Plenary IV: Convening Partners
Young Entrepreneurs: Key Drivers of Transformation One of the most promising developments of the past decade is the increased attention and support through foundations, investors, and media exposure given to Africa’s rising crop of young entrepreneurs, the lifeblood of the continent’s future. That’s because transformation requires that the private sector learn and master new technologies, break down barriers, and Ibrahima Cheikh take bold but informed risks. In this session, Diong will dialogue with a panel of young African entrepreneurs who will share their innovations, ideas, and aspirations for growing African enterprises while supporting transformation goals.
www.acetforafrica.org The African Center for Economic Transformation (ACET) 19 20 SPEAKERS / MODERATORS French. Southern Africa.HeisfluentinEnglishand company’s Eastand investments inNorth, withresponsibilitySwitzerland, for the analyst withSIFIDA Investment Company, investment bankingcareer in1984asan Chamber of Commerce. Hebeganhis Ghana, andaDirector of theSwiss–Ghanaian Goldfields Limited, Director, Leasafric Gold FieldsGhanaLimited, Director, Abosso Bullion Investment Group, Ghana,Director, Mauritius, Non-Executive Chairmanof Director andPartner of PCP CapitalPartners, transactions inAfrica.Heiscurrently private andproject equity financing over 25 years’ experience instructuring Mawuli Ababioisaninvestment banker with PCP CapitalPartners Mawuli Ababio Nubuke Investments LLP Tutu Agyare Africans’ by New Africanmagazine. was voted oneof the‘100MostInfluential Computing from theUniversity of Ghanaand policy. HehasaBScinMathematics and on businessstrategy andgovernments on and businesslevel, andadvisescorporates African relationships, both atthegovernment African. Hehasa strongvery of network has beenareturn to hisroots andallthings Markets. Hisfocus over thepast20 years recently asthe Headof European Emerging worked withUBS Investment most Bank, focused solely onAfrica.Hepreviously firmbasedin London and and advisory Nubuke Investments, anassetmanagement Tutu Agyare istheManagingPartner at African Center for Economic Transformation (ACET) Coast, Ghana. in Economics from theUniversity of Cape and anMPhil (Economics) andBA (Hons) policy options inresource-rich economies the University of Dundeespecializinginfiscal What You Pay Ghana.HeholdsaPhD from worked astheOilCoordinator of Publish industries program inAfrica.Hehasalso was thecoordinator of Ibis’s extractives Policy (ACEP). Before joiningACEP, he Director of theAfricaCentre for Energy Mohammed AminAdam istheExecutive African Businessmagazine Lanre Akinola Africa Centre for Energy Policy Mohammed AminAdam 2014 Desmond Tutu Leadership Fellow. Bloomberg MediaInitiative Africa,andwasa Financial Times Ltd, hasworked withthe former editor of ThisIsAfrica,publishedby of theAfrican-oriented media.Akinolais cut more often thanany other represetative process, andhas madethefinalnomination Economist beating globalpublicationssuchasThe has wonseveral international awards, often inAfricaoverpopularity thedecades. It testament to itssustained relevance and soon becelebrating its50thanniversary, a based ICPublications. AfricanBusinesswill Business Lanre AkinolaistheEditor of African magazine published by the London- in the and theFinancialTimesin African Transformation Forum KigaliRwanda course ineconomic history. Economics, where shetaughtthefoundation economic history from theLondon Schoolof Dede Amanor-Wilks holdsanMPhil in Africa Economic Digest magazineinLondon and later Francophone Africaeditor for in Harare. Prior to thatshewasEastAfrica regionalService center for Africa,based in Nairobi, anddirector of the Inter Press director for West andCentral Africa,based was formerly ActionAid’s international and Development’s Ghanachapter. She Association of AfricanWomen for Research for Africa.She is Vice President of the consultant to theUNEconomic Commission specialist andcurrently works asa Dede Amanor-Wilks isadevelopment African Development Bank Akinwumi Adesina Development specialist Dede Amanor-Wilks outstanding thesisaward for that year. Purdue University, where USA, hewonthe PhD inagricultural economics (1988)from He holdsaMaster's degree (1985)and achieve theMillenniumDevelopment Goals. as oneof 17GlobalLeaders helpingto Nations Secretary General, BanKi-moon, programs, hewasselected by theUnited and implementingeffective development to hisdepth of experience increating Agriculture andRural Development. Due previously asNigeria'sMinister served of the AfricanDevelopment Bank(AfDB). He Akinwumi Adesina isthePresident of www.acetforafrica.org
African Transformation Forum Kigali Rwanda
K.Y. Amoako Joe Amoako-Tuffour Solomon Assefa African Center for Economic African Center for Economic IBM Research Transformation (ACET) Transformation (ACET) Solomon Assefa is currently the Director SPEAKERS / MODERATORS K.Y. Amoako began his career in 1974 at Joe Amoako-Tuffour is currently the of IBM Research – Africa in South Africa. He the World Bank, quickly rising to become Director of Research at the African Center leads the lab by defining strategy, executing Division Chief for Country Programs in for Economic Transformation (ACET) and the R&D projects, hiring top-notch scientists the Africa Region and Division Chief for Senior Advisor providing overall strategic and fostering an innovation ecosystem. The Sector Programs in Latin America and the direction for ACET’s extractive resources lab is advancing science and developing Caribbean. He was Director of the Bank's program. As advisor to Ghana’s Ministry of breakthrough technologies by gathering Education and Social Policy Department from Finance in 2001–2003, he played a lead role experts in decision analytics, artificial 1992–1995, going on to become Executive in developing the multi-donor budgetary intelligence, internet-of-things, human- Secretary of the UN's Economic Commission support framework and was also responsible computer interaction, cloud computing, and for Africa (ECA) from 1995–2005. In addition for inter-ministerial coordination on aid other domain-specific and interdisciplinary to a degree from the University of Ghana, he delivery. In 2009–2011, he played a lead fields. He was named one of the World’s Top holds a PhD in Economics from the University role in the preparation of Ghana’s Petroleum Young Innovators under 35 and received the of California, Berkeley. He holds the honorary Revenue Management Act and subsequent TR35 awarded by MIT’s Technology Review degrees of Doctor of Laws from Addis Ababa review of the Act. He has taught at St Francis (2011). His work has been featured in The University and Doctor of Letters from the Xavier University, Canada, and holds a PhD Wall Street Journal, Forbes, Technology Kwame Nkrumah University of Science and in Economics from the University of Alberta, Review, EE Times, IEEE Spectrum and BBC Technology, Ghana. Canada. News, among many other sources.
Patrick Awuah Kelvin Balogun Edward Brown Ashesi University College The Coca-Cola Company African Center for Economic Transformation (ACET) Patrick Awuah is the Founder and President Kelvin Balogun is the President for Coca- of Ashesi University College, a private, not- Cola Central, East and West Africa (CEWA). Edward Brown is the Director of Policy for-profit institution with a reputation for Headquartered in Nairobi, Kenya, CEWA Advisory Services at ACET. He has more innovation and quality education in Ghana. covers 30 countries spanning Nigeria, East than 27 years’ experience in international He holds bachelor degrees in Engineering Africa, West Africa, Mid-Africa, the Horn development and public policy at the World and Economics from Swarthmore College, region and Islands. He joined The Coca-Cola Bank. He has worked extensively in Africa, an MBA from UC Berkeley’s Haas School Company in October 1999 as Strategic Eastern Europe, and Central Asia. He started of Business and honorary doctorates from Planning and Business Development out in the early 1980s as a researcher in the Swarthmore College and Babson College. Manager for Coca-Cola Nigeria. In 2002 Development Research Department at the He has won many prestigious international he moved to East Africa and in 2011 he World Bank, going on to overall leadership awards including the MacArthur Fellowship, became Managing Director for Coca-Cola and management of country programs the McNulty Prize and Membership of the Nigeria Limited, a position he held until his and policy dialogue. His main interests are Order of the Volta – one of Ghana’s highest current role. He holds an MBA from the in public policy, development strategies, awards. In 2015, Patrick was named one of Goizueta School of Business at Emory aid management and post-conflict socio- the World’s 50 Greatest Leaders by Fortune University in Atlanta, and a Bachelor’s degree economic recovery and development. He magazine. He is on the Advisory Committee in Metallurgical and Materials Engineering holds a PhD and MA from the University of on Voluntary Foreign Aid of USAID. from Obafemi Awolowo University in Ile-Ife, Pennsylvania. Nigeria.
www.acetforafrica.org African Center for Economic Transformation (ACET) 21
African Transformation Forum Kigali Rwanda
Kojo Busia Mark Carrato Michael Chege African Mineral Development Centre USAID University of Nairobi (AMDC) SPEAKERS / MODERATORS Kojo Busia is the Acting Coordinator of Mark Carrato is the Chief of USAID's Michael Chege is currently teaching the African Mineral Development Centre Kenya and East Africa Office of Economic public policy and the political economy of (AMDC). He also leads the Governance and Growth, and is the US Embassy Kenya Power international development at the University Participation team under the African Mining Africa Team leader, managing Presidential of Nairobi, after serving for a decade as the Vision, an African Union mining flagship Initiatives in Feed the Future and Power UNDP policy advisor at Kenya’s Treasury for sustainable development. He led the Africa as well as programs in water and and at the National Economic and Social AMDC in the design and development sanitation, resilience, finance and innovation. Council, an advisory body to Kenya’s cabinet. of the Country Mining Vision Guidebook He has served as Acting Director/Deputy He served as the chair of the technical which is now being rolled out in a number of Director of the USAID Office of Economic committee charged with drafting the Kenya African countries. He spent nearly a decade Growth and Transformation in Ethiopia, Vision 2030 between 2006 and 2008 as leading the UN Economic Commission for where he negotiated and implemented well as other policy papers. Prior to that, he Africa's support to the African Peer Review the G8 New Alliance for Food Security and was Professor and Director of the Center Mechanism. In this role he facilitated the Nutrition. He also led strategic oversight for African Studies at the University of adoption of the Peer Review Mechanism as and implementation of the USAID mission's Florida at Gainesville, and Chairman of the the major framework for addressing natural approximate $1 billion agriculture portfolio Africa Committee of the US Social Science resource governance challenges in Africa. in Afghanistan and has served with USAID in Research Council in New York. Colombia and Pakistan.
Steve Cumming Ibrahima Cheikh Diong Makhtar Diop The MasterCard Foundation Africa Consulting and Trading World Bank
Steve Cumming is responsible for Youth Ibrahima Cheikh Diong is the Founder Makthar Diop is Vice President for Africa Livelihoods projects at The MasterCard and CEO of Africa Consulting and Trading at the World Bank. Before joining the Foundation, with focus on vocational skills (ACT). He was previously the senior Africa World Bank, he worked at the International and informal employment. He is also the focal advisor of BNP Paribas for over three years. Monetary Fund, focussing on the Central point within the Foundation for the Youth Prior to that, he held senior positions in the African Republic. He also served as Minister Think Tank. Before joining the Foundation, government of Senegal. He has also been a of Economy and Finance of Senegal. In 2014, Steve was the International Programs a regional Africa Director at the World Bank Jeune Afrique named him "one of the 50 Director at Youth Challenge International, and Director at the International Finance most influential Africans." Diop completed where he managed projects in East and Corporation (IFC). He holds a Master’s his graduate studies in economics at the West Africa. Prior to that he worked in South degree in International Affairs specialized University of Warwick and the University Sudan, Angola and Sierra Leone, where he in Public Policy, International Finance and of Nottingham (UK), in Macroeconomics was responsible for program implementation Environmental Policy Management from and Econometrics. He also holds a Finance and staff development. He has a Master’s in Columbia University in New York City. Degree from the Ecole Supérieure Libre Post War Reconstruction and Development des Sciences Commerciales Appliquées from the University of York, a Master’s in (ESLSCA), France. Social Work from Carleton University and a PhD in Economics from the University of Alberta, Canada.
African Center for Economic Transformation (ACET) www.acetforafrica.org 22
African Transformation Forum Kigali Rwanda
Kwabena Donkor Cristina Duarte Francis Gatare Ghana Parliamentary Select Minister of Finance and Planning, Rwanda Development Board Committee on Mines and Energy Cape Verde
Kwabena Donkor, Ghana’s former Minister Cristina Duarte has 30 years of professional Francis Gatare served as Principal Private SPEAKERS / MODERATORS for Power is the MP for the Pru East experience, most of which is in leadership Secretary to His Excellency the President Constituency and the Chairman of the and senior management positions in both of the Republic of Rwanda from 2009 to Parliamentary Select Committee on Mines government and in the private sector. 2014. He also served as the Chief Economist and Energy. He has been an academic, She has been serving Cape Verde as the and Deputy Head of Policy and Strategy in technocrat and presently a political leader. Minister of Finance, Planning and Public the Office of the President. Prior to joining He was the pioneer Chief Executive of Administration since 2006. Over her the Office of the President, he served as the Bulk Oil Storage and Transportation distinguished career, she has developed the Principal Deputy CEO of the Rwanda Company (BOST), the state-owned strong leadership and strategic management Development Board. Francis also served petroleum logistics company. He holds an skills, played an instrumental role in public as the Director General of the Rwanda MSc and a PhD from the University of Bristol policy making and in the private sector, Investment and Export Promotion Agency and a MBA from Lancaster Management and she has been involved in numerous from 2007 to 2008. Francis has served in School, University of Lancaster. He is also international programs representing Cape several managerial positions in UNDP and a Fellow of the Chartered Management Verde or the private sector. In addition to taught economics at universities. Institute, a Fellow of the Royal Society of Arts Cape Verde, Cristina has lived in Angola, and a Member of the Chartered Institute of Kenya, Portugal and the United States. Energy (all UK).
Claver Gatete Neway Gebreab Goodall Gondwe Minister of Finance, Government Ethiopian Development Research Minister of Finance, Malawi of Rwanda Institute
Claver Gatete has been Rwanda's Minister of Neway Gebreab is the Executive Director Goodall Gondwe has been Malawi’s Minister Finance since February 2013. He worked as of the Ethiopian Development Research of Finance since he was appointed to the an economist in Canada and with the United Institute and Chief Economic Advisor to the post by President Peter Mutharika in 2014. Nations Development Programme as a Prime Minister. He has extensive experience Previously he was Minister of Finance from National Economist for the Rwanda program not only in formulating green growth and 2004 to 2009, Minister of Local Government before joining the Office of the President in development strategies but also in macro- from 2009 to 2010, and Minister of Natural 2001. After serving as Rwanda's ambassador economic policy and international finance. Resources, Energy and Environment Affairs to the UK, Ireland and Iceland, he moved He chairs the Ethiopian Government/ from 2011 to 2012. He was credited for to the National Bank of Rwanda as Deputy Donors Committee on Governance and is turning around Malawis economy while Governor and then Governor. He holds a the Chairman of the board of directors of serving as Minister of Finance in the 2004 Master’s Degree in Agricultural Economics the National Bank of Ethiopia. In the course Bingu wa Mutharika administration. In 2008 from the University of British Columbia in of his career, he has been involved in many he was voted as Africa’s Finance Minister Canada. multi-lateral policy forums and negotiations, of the Year at the African Banker Awards, such as those organized by the World Bank, held at the Willard Intercontinental Hotel in the IMF, the UN and the New Partnership for Washington DC, USA Africa’s Development (NEPAD).
www.acetforafrica.org African Center for Economic Transformation (ACET) 23
African Transformation Forum Kigali Rwanda
Eveline Herfkens Amini Kajunju Nathan Kalumbu UN Millennium Campaign Africa-America Institute The Coca-Cola Company
Eveline Herfkens founded and led the Amini Kajunjuis is the President and Nathan Kalumbu is President of The Coca- SPEAKERS / MODERATORS UN Millennium Campaign, appointed by CEO of the Africa-America Institute (AAI). Cola Company’s Eurasia and Africa Group Secretary General Kofi Annan in 2002. She Before joining AAI in October 2012 she based in Istanbul, from where he leads is currently a Senior Fellow at SAIS, Johns was Executive Director of the non-profit the company’s business in more than 80 Hopkins University. From 1998-2002 she was Workshop in Business Opportunities countries. He began his career as the Central Minister for Development Cooperation of the for 10 years. She previously served in Africa region’s External Affairs Manager, Netherlands. She served as Ambassador, program positions at the International before moving into Marketing Operations Permanent Representative to the UN and Executive Service Corps and Social and Country Management roles in Zimbabwe, the WTO in Geneva (1996–1998) and as Science Research Council and interned Zambia and Malawi. In 2004, Nathan was Member of the Board of Executive Directors at the Center for Humanitarian Outreach appointed Business Planning Director and of the World Bank Group (1990–1996). She and Intercultural Exchange, and The Carter Executive Assistant to the Retail Division was an MP in the Netherlands, 1981–1990. Presidential Center. She holds a BA in President, North America. He returned to the She has been a member of the ILO World International Relations with an emphasis Africa Group as Director of Business Strategy Commission on the Social Dimension of on economic development from Brigham and Planning for the East and Central Africa Globalization, the UN Commission on HIV/ Young University and a Master’s degree in Division in 2006. Nathan then led the Central, AIDS and Governance in Africa, and the ILO/ Public Administration with a concentration East and West Africa (CEWA) Business Unit WHO Social Protection Floor Advisory Group. in finance and management from New York as President. University.
François Kanimba David Kennedy Henry Kerali Minister of Trade and Industry, Rwanda UK Department for International World Bank Development
François Kanimba was appointed as David Kennedy was appointed as the UK Henry Kerali is the World Bank Country Rwanda's Minister of Trade and Industry Department for International Development’s Director for Ghana, Liberia and Sierra Leone. in May 2011 after serving as Governor of first Director General for Economic Prior to taking up this new appointment, he the Bank of Rwanda since 2002. Between Development in June 2014. He has worked was the World Bank's Regional Director for 1984 and 1995, he worked in the Ministry on development finance, strategy and the South Caucasus, based in Georgia. He of Economic Planning where he developed investment at the World Bank and the joined the Bank in 2003 in the Infrastructure a wide expertise in macro-economic European Bank for Reconstruction and and Energy Department in the Europe and management. He was chairman of the Development. He was most recently Chief Central Asia (ECA) Region. Before that, Governance Task Force which negotiated Executive of the Committee on Climate he was a Professor at the University of Rwanda’s first structural adjustment program Change, an independent advisory body Birmingham, England, specializing in the supported by the World Bank, the IMF and to the UK Government and Devolved development of transport infrastructure. He other development partners. Originally Administrations. He has a PhD in Economics has worked in different regions of the world, trained as an engineer, he has a degree in from the London School of Economics. including Latin America, Africa, East Asia, Statistics and Economics from Paris-based South Asia, and the ECA Region, and has European Centre for Training Economists also served as sector manager of the Bank's Statisticians for Developing countries. transport program in the ECA Region.
African Center for Economic Transformation (ACET) www.acetforafrica.org 24
African Transformation Forum Kigali Rwanda
Sheila Khama Alemayehu Konde Koira Evode Imena African Development Bank The MasterCard Foundation Minister of State in charge of Mining, Ministry of Natural Resources, Rwanda SPEAKERS / MODERATORS Sheila Khama is Director of the African Alemayehu Konde Koira is a Senior Program Evode Imena is Rwanda’s Minister of Natural Resources Center at the African manager at The MasterCard Foundation with State in charge of Mining at the Ministry Development Bank. Prior to joining the a focus on problems of youth unemployment, of Natural Resources. He was appointed in Bank, she was the Chief Executive Officer entrepreneurship, skills development, social 2013 in a new post in the Cabinet due to of De Beers Botswana and Debswana and financial education and agriculture. the importance of the mining sector to the Diamond Company (Pty) Ltd. She is on He has some 30 years’ experience in a economic development of Rwanda. His roles the sustainability panel of Lafarge SA, variety of international non-governmental, are to oversee all mining-related activities, the Technical Advisory Group of Oxford donor and academic organizations within policy formulation and implementation of University’s Natural Resources Charter and the international development field. Before existing policies, oversee geological research the UN’s Sustainable Development Solutions joining The Foundation, he worked for Plan and mineral exploration activities, and to Network on extractives and land resources. International in Tanzania as Program Manager liaise with other ministries and international She is Chairperson of AGAMAL, a non-profit and Household Economic Security Advisor in agencies to implement government entity financed by the Global Fund to contain Plan Region of Eastern and Southern Africa. programs in the mining sector. He holds a malaria infection in Ghana. She obtained a He holds a BSc from Alemaya University Master's in Sciences (Maîtrise en sciences) Bachelor of Arts degree from the University of Agriculture, Ethiopia and a Master's in Geology with specialization in Metallogeny of Botswana and completed an MBA degree in Agriculture Economics from Reading from Cadi Ayyad University in Morocco. at the University of Edinburgh. University, UK.
Acha Leke Carlos Lopes Ibrahim Mayaki McKinsey & Company UN Economic Commission for Africa New Partnership for Africa's Development
Acha Leke is a director in McKinsey’s Carlos Lopes leads a staff of around 1,000 Ibrahim Assane Mayaki of the Republic Johannesburg office and supports clients in at the Economic Commission for Africa. He of Niger is the CEO of New Partnership its Public Sector, Social Sector, and Private has more than 24 years of senior leadership for Africa's Development (NEPAD). He Equity Practices. Since his appointment, experience at the UN. He has authored or was Prime Minister of Niger from 1997 Leke has transformed McKinsey into edited 22 books and taught at academic to 2000. Between 1996 and 1997 he was the leading advisory firm in Africa. The institutions all over the world. Selected as Minister in charge of African Integration company’s footprint has grown from just one of the most influential Africans several and Cooperation and Minister of Foreign one office in South Africa to six across the years in a row by New African and Financial Affairs. From 2000 to 2004, he was a guest region, with 300 consultants working across Afrik, he is a frequent commentator on CNN, Professor at the University of Paris XI, where 30 different countries in the region. He co- Al Jazeera, the BBC, France 24 and in Le he lectured on international relations and authored the Lions on the Move published Monde and the Financial Times. His Op-Eds organizations; he also led research on Europe with McKinsey in 2010, which widely shifted are published on average 30 times a month and the Contemporary World. He has a opinion on Africa's investment promise, and in the pan-African media and he has around Master's degree from the National School middle-class consumption prospects. He half a million monthly impressions from his of Public Administration in Quebec, Canada completed his PhD in electrical engineering social media. and a PhD in Administrative Sciences from from Stanford University. University of Paris I, France.
www.acetforafrica.org African Center for Economic Transformation (ACET) 25
African Transformation Forum Kigali Rwanda
Ramesh Moochikal Nkosana Moyo Abdu Mukhtar Olam International Mandela Institute of Development Dangote Industries Studies SPEAKERS / MODERATORS Ramesh is an acknowledged expert in Nkosana Moyo is the Founder and Abdu Mukhtar is the Group Chief Strategy African agriculture and food commodities. Executive Chair of the Mandela Institute of Officer, Dangote Industries. He is a Partner at He supervises Olam’s operations, which Development Studies. He is an Eisenhower Sahel Capital. He is also the Co-Founder and employ over 3,000 people including 50 top Fellow and a World Economic Forum (WEF) Chairman of Grassroot Microfinance Bank. global managers in 20 countries in Central, Global Leader of Tomorrow alumnus, holds He served as a medical officer in the Ministry South and East Africa. He joined Olam at its a PhD in Physics from Imperial College, of Health, Kano, and ASO Clinic Abuja. inception in Nigeria 24 years ago, and has University of London and an MBA from Prior to this, he was the Group Managing been a part of the core team that saw the Cranfield School of Management, UK. Until Director and Chief Executive Officer at Abuja company grow from a green field start-up 2011, he was the Vice President and COO of Investments Company, where he oversaw to a Singapore listed $18 billion revenue the African Development Bank (AfDB). Before portfolio investments and joint-venture organization today. He has lived and worked joining the Bank, he was Managing Partner projects. He sits on the Boards of several in multiple countries across Africa, has for Africa Business at Actis Capital LLP and non-profit organizations including LEAP headed Olam’s India operations and started also served at the World Bank's International Africa and the Nollywood Foundation. He Olam’s trading desk in Europe before Finance Corporation (IFC) as an Associate holds a Master's in Public Administration returning to Africa. He is based in Durban and Director. He has also served as Minister of from Harvard University Kennedy School teaches at the University of Cape Town. Industry and International Trade in his native of Government and an MBA from Harvard country, Zimbabwe. Business School.
James Musoni James Irungu Mwangi Uzziel Ndagijimana Minister of Infrastructure, Rwanda Dalberg Group Minister of State: Economic Planning, Ministry of Finance and Economic James Musoni is the Minister of James Irungu Mwangi is Executive Director Planning, Rwanda Infrastructure in the Government of the of the Dalberg Group, a collection of impact- Republic of Rwanda. Before his current driven businesses that seek to champion Uzziel Ndagijimana is the Minister of State: position, he was Minister of Local inclusive and sustainable growth around Economic Planning in the Ministry of Finance Government (2009–2014); Minister of the world and a Partner with Dalberg Global and Economic Planning. Before joining the Finance and Economic Planning (2006– Development Advisors. He founded and built Ministry, was the Permanent Secretary of the 2009); Minister of Commerce, Industry, up Dalberg’s presence in Africa, beginning Ministry of Health. He began his career as a Investment Promotion, Tourism and with the Johannesburg office in 2007, Nairobi lecturer at the National University of Rwanda. Cooperatives (2005–2006); Commissioner in 2008, and Dakar in 2009, and he served as He was Vice-Rector of the National University General of Rwanda Revenue Authority (2001– Global Managing Partner from 2010 to 2014. of Rwanda and the Rector of the School of 2005) and Deputy Commissioner General His clients have ranged from heads of state Finance and Banking in Kigali. He moved of Rwanda Revenue Authority (2000–2001). to senior leaders of multilateral organizations into leadership positions in the Government He has an MBA in finance from Newport and foundations. He has also advised Chief of Rwanda from 2002. He has an MSc and International University, California, and a Executives and investors on commercially a PhD in Economics with specialization in BCom, Finance, from Makerere University, attractive and socially impactful businesses International Trade. He speaks Kinyarwanda, Kampala, Uganda. He also holds a Certificate in frontier markets, particularly in Africa. French, English, Swahili, Polish, and basic in Public Finance Management Executive He holds a BA in economics from Harvard Portuguese. Course from the Harvard Kennedy School. University.
African Center for Economic Transformation (ACET) www.acetforafrica.org 26
African Transformation Forum Kigali Rwanda
Richard Newfarmer Amolo Ng'weno Emmanuel Nnadozie International Growth Centre Bankable Frontier Associates African Capacity Building Foundation (ACBF) Richard Newfarmer is Country Director for Amolo Ng’weno is the East Africa Regional SPEAKERS / MODERATORS Rwanda, Uganda and South Sudan at the Director of Bankable Frontier Associates Emmanuel Nnadozie has been the Executive International Growth Centre, a joint venture (BFA), a consulting company specializing in Secretary of the ACBF since 2013. He of Oxford University and the London School financial services for low income people. is an educator, economist, author and of Economics. He is also a Senior Fellow at Until 2015, she was Managing Director of development expert. His work spans over 20 the World Trade Institute in Bern, Switzerland, Digital Divide Data Kenya (DDD), a social years in the development sector. Prior to his and a Member of the Advisory Board for enterprise BPO company that hires young selection for ACBF, he worked with UNECA the WTO Chairs Program. He consults with people from disadvantaged backgrounds. as Chief Economist and Director of the organizations, including the World Bank, the She joined DDD from the Bill & Melinda Gates Macroeconomic Policy Division and earlier OECD and the International Trade Centre, and Foundation, where she was Deputy Director at the Economic Development and NEPAD has written on competitiveness, industrial in the Financial Services for the Poor, working Division of the UNECA. At the UNECA, he policy and aid for trade in Uganda, Rwanda, to improve the financial services available led the production of the annual Economic Malawi, Botswana and Zimbabwe. He holds in developing countries. She holds a B.A. Report on Africa, the Least Developed a PhD and two MAs from the University of in Psychology and Social Relations from Countries Monitor and the annual Africa Wisconsin and a BA from the University of Harvard University and a Master's in Public MDGs Report. Before joining UNECA, he California at Santa Cruz. Affairs from Princeton University. taught economics from 1989 to 2004 at Truman State University in Kirksville, Missouri.
Ndidi Nwuneli David Ofosu-Dorte Yvonne Okwara LEAP Africa AB & David Kenya's Television Network
Ndidi Nwuneli is the founder of LEAP David Ofosu-Dorte founded AB & David in Yvonne Okwara works for Kenya’s Television Africa, one of Nigeria's leading non-profit 1998 and has grown it to become one of Network (KTN) as a Senior Anchor and organizations, the co-founder of AACE Food Africa’s largest law firms. He also led the firm content producer. She is also the Head of Processing & Distribution, an indigenous to earn the distinction as the first African News Anchors at KTN. Her body of work runs agro-processing company and a partner at law firm to be awarded the England Law the gamut from powerful interviews, talk Sahel Capital, an advisory and private equity Society Lexcel accreditation, which is a mark shows to news presentation. She has been at firm focussed on the agribusiness sector of the highest standard in law practice. He the center of some most defining moments in West Africa. She started her career as a has a combined public and private sector in Kenya. She covered Kenya’s 2013 general management consultant with McKinsey & experience which cuts across finance, elections, the Supreme Court Election Company, working in their Chicago, New York infrastructure and advice to governments Petition and the inauguration of President and Johannesburg Offices. She returned to and PPPs. Landmark assignments he Uhuru Kenyatta. Her notable interviews Nigeria to serve as the pioneer Executive has led include representation of Marine include President Uhuru Kenyatta, Deputy Director of the FATE Foundation. She holds Construction in the $400 million West Africa President William Ruto, and Rebecca Garang an MBA from Harvard Business School and a Gas Pipeline project and advisory role on a widow of South Sudanese leader John BSc with honors from the Wharton School of $700 million infrastructure project for the Garang among other leaders in the region. the University of Pennsylvania. production and transportation of potable water.
www.acetforafrica.org African Center for Economic Transformation (ACET) 27
African Transformation Forum Kigali Rwanda
Tony Oteng-Gyasi Louis Onyango Otieno Kenneth Quartey Tropical Cable and Conductor, Ghana Microsoft Sydals Ltd, Ghana
Tony Oteng-Gyasi is a past President of Louis Onyango Otieno is currently the Kenneth Quartey is the CEO of Sydals Ltd SPEAKERS / MODERATORS the Association of Ghana Industries, and Director of the Middle East and Africa team in Ghana, a poultry farm that also breeds Executive Chairman of Tropical Cable responsible for Corporate Affairs with horses and livestock. Today, Sydals is the and Conductor, a wholly Ghanaian owned Microsoft 4Afrika – a strategic initiative aimed third largest poultry farm in the country with manufacturer of electrical and telecom at helping Africa accelerate its economic over 100,000 birds and is one of the most cables in Ghana. He is the immediate past growth and global competitiveness. Here, modern and mechanized. In 2006, Kenneth Chairman of the University of Ghana Council. Otieno promotes innovations such as the won the National 2nd Best Farmer Award He has been a member of the Council of use of TV White Spaces to provide high during the annual Farmers' Day Celebrations. the Ghana Stock Exchange, and the Council speed, affordable broadband connectivity He graduated from the University of of the Ghana Institute of Management and in the largely unserved rural areas. Otieno Nebraska with a BSc in Animal Science. He Public Administration (GIMPA), the Ghana Bar is past President of the American Chamber has captained the Ghanaian polo team on Association, an honorary fellow of the Ghana of Commerce in Kenya. He has served as an several occasions. He is a Fellow of the Africa Institution of Engineers, and a fellow of the ICT advisor to the Presidents of Tanzania, Leadership Initiative, Ghana and a member of Chartered Institute of Marketing Ghana. He Uganda and Mozambique. He served on the Aspen Global Leadership Network has been honoured with Order of the Volta Kenya’s Vision 2030 Board and on the boards from the Republic of Ghana. of Uchumi Supermarkets (Kenya) and Red Media (Nigeria).
Mona Quartey Matthew Rees Reeta Roy Deputy Minister Finance, Ghana USAID The MasterCard Foundation
Mona Quartey, currently the Deputy Matthew Rees is the USAID Deputy Reeta Roy is President and CEO of The Minister Finance of the Republic of Ghana, Coordinator for Trade Africa, the US MasterCard Foundation. Under her is a seasoned finance professional with Presidential Initiative launched in July 2013 leadership, the Foundation has prioritized extensive experience in treasury, risk focused on boosting trade with and within Africa to make its most substantial management, and corporate finance. She East Africa, and Director of the USAID/ commitments, partnering with a diverse has close to 25 years of banking and mining East Africa Office of Regional Economic range of visionary organizations, and is experience. She serves on the Boards of Integration. He is based in Nairobi, Kenya, initiating large-scale projects. A passionate Golden Star Resources Ghana (Wassa and and serves as the technical lead for advocate, Roy ensure that the Foundation Bogoso), Ghana Water Company, SSNIT, programs and assistance for regional trade, is focused on the people it serves, and she Ghana Investment Promotion Council (GIPC), agriculture and integration. He manages travels extensively in the communities where SIMNE, Green Pastures & Still Waters and USAID’s technical and trade capacity, it is active. She is a member of the Aspen BVM Finance Advisory Service. She holds a building relationships with the East African Philanthropy Group and the World Economic Bsc (Hons) degree in Development Planning Community (EAC), EAC Partner States’ Forum on Social Innovation. She has spoken from Kwame Nkrumah University of Science Ministries of Trade, the Common Market for at the UN General Assembly, the Clinton and Technology and a Master's in Business Eastern and Southern Africa (COMESA) and Global Initiative, the World Innovation Summit Administration (Finance) from Dalhousie the regional donor community, focussing on for Education, and the UNESCO Youth Forum. University Canada. advancing regional economic integration and trade.
African Center for Economic Transformation (ACET) www.acetforafrica.org 28
African Transformation Forum Kigali Rwanda
Valentine Rugwabiza John Rwangombwa Jean-Louis Sarbib Minister of East African Community, Central Bank Governor, Rwanda Development Gateway Government of Rwanda Jean-Louis Sarbib is CEO at Development SPEAKERS / MODERATORS Valentine Rugwabiza is the Government John Rwangombwa is the Central Bank Gateway, a non-profit organization working of Rwanda's Minister of East African Governor of Rwanda. He started with to reduce poverty by improving aid Community. Previously, she was the CEO the Rwanda Revenue Authority where effectiveness, governance, and transparency of the Rwanda Development Board and a he rose through the ranks to be Deputy through information technology. He advises Member of Cabinet. Between 2005 and 2013, Commissioner of Customs for Operations. James Wolfensohn, former President of she served as Deputy Director-General of the He then joined the Ministry of Finance and the World Bank. From 1980 to 2006, he World Trade Organization (WTO), becoming Economic Planning as the Director of the was at the World Bank where he became the first female DDG in its history. Before that, National Treasury Department. In 2005, Vice-President for Africa and later the she served as Rwanda's Ambassador and he was appointed Permanent Secretary Middle East and North Africa. His last Permanent Representative to UNOG and to and Secretary to the Treasury and in 2009 posting was as Senior Vice-President for Switzerland. She is a founding member of he became the Minister of Finance and human development. He joined Wolfensohn the Rwanda Private Sector Federation, the Economic Planning. He also oversaw the & Company from 2006 to 2009, was a Rwanda Women Entrepreneurs' Organization implementation of Rwanda’s first Economic Senior Fellow at The Brookings and taught and the Rwandese Women Leaders' Caucus. Development and Poverty Reduction at Georgetown University. He has an She has extensive experience in both the Strategy (EDPRS I). He was voted Governor of honorary doctorate from the University of public and private sector where she has held the Year 2015 for the Sub-Saharan Region by Ouagadougou and a Lifetime Award for senior management positions. Emerging Markets. Diversity and Inclusion from the World Bank.
Antoinette Monsio Sayeh Witney Schneidman Richard Sezibera African Department of the International Covington & Burling East African Community Monetary Fund
Antoinette Monsio Sayeh assumed her Witney Schneidman is the Senior Richard Sezibera is the current Secretary current position as Director of the African International Advisor for Africa at Covington General of the East African Community. Department of the International Monetary & Burling LLP. He was Deputy Assistant His focus has been the removal of internal Fund in 2008, after two and a half years as Secretary of State for African Affairs in barriers to trade through a functional Single post-conflict Liberia’s Minister of Finance. the Clinton Administration, responsible for Customs Territory, free movement of people Before joining President Ellen Johnson economic and commercial issues in Africa. and labor within East Africa, harmonization Sirleaf’s Cabinet, she worked for the World Drawing on his experience in the State of education and training curricula and Bank as Country Director for Benin, Niger, Department, the World Bank, think-tanks and standards, coordinated investments in and Togo; in Africa and South Asia; and as his own consulting practice, he has advised critical infrastructure including rail, energy, Assistant to its principal Managing Director. energy, technology, consumer and health ports and harbors and inland waterway and Before joining the Bank, she worked in companies, among others, on projects in roads among others. Prior to his current economic advisory positions in Liberia’s more than 30 African countries. He has position, he served as Rwanda’s Minister Ministries of Finance and Planning. She written extensively on African economic of Health, Presidential Special Envoy to the holds a BA in economics from Swarthmore and political issues and aired his views on Great Lakes Region and Ambassador to College and a PhD in International Economic CBS News, CNN, National Public Radio, the the USA with concurrent accreditation to Relations from the Fletcher School at Tufts BBC and the South Africa Broadcasting Argentina, Brazil and Mexico. University. Corporation, among other media outlets.
www.acetforafrica.org African Center for Economic Transformation (ACET) 29 30 SPEAKERS / MODERATORS Public Administration. University of Washington withaMaster of He graduated from theEvans Schoolatthe Policy Advisor to SeattleMayor, Greg Nickels. government positions, includingasSenior the Director of Agriculture, heheldseveral Foundation astheSpecialAssistantto Union. Before joiningtheBill&MelindaGates Gates Foundation inEthiopia andtheAfrican Haddis Tadesse Kenya. Institute of Human Resources Management in HumanResource Managementfrom the Kenya Schoolof Law, and aHigherDiploma the University of Nairobi, from DiplomainLaw Kenyatta University, from Bachelorof Law in BusinessAdministration from Jomo of KenyaCourt andholdsaMaster's relations. SheisanAdvocate of theHigh maintaining government andindustry she wasalsoresponsible for buildingand negotiating bilateral agreements; airservices the government of Kenya’s delegations whereAirways she wasakey memberof Government Affairs andIndustry at Kenya shewasthemanagerfor joining KAM, Association of Manufacturers Before (KAM). Phyllis Wakiaga istheCEO of theKenya Bill &MelindaGates Foundation Haddis Tadesse Kenya Associationof Manufacturers Phyllis Wakiaga African Center for Economic Transformation (ACET) represents theBill&Melinda the Kennedy School,Harvard University. of Public Administration (MPA) degree from a Chartered Accountant whoholdsaMaster and legislationfor revenue institutions. Heis states to improve theorganization, process technical assistance missionsto member- Fund (IMF). HeledseveralMonetary (FAD)Affairs Department of theInternational 2009, heheld various positionsintheFiscal policy 1999and andadministration. Between aswellonrevenueFramework (MTEF) the BudgetandMedium-Term Expenditure 2009 to 2013,heworked January mainly on Finance andEconomic Planning from March Minister2013. AsaDeputy of intheMinistry of Finance andEconomic Planning since Seth Tekper Ford Foundation Darren Walker Planning, Ghana Minister of Finance andEconomic Seth Tekper degrees. and therecipient of several honorary the AmericanAcademy andSciences of Arts member of theCouncil onForeign Relations, the University of Texas atAustin.Heisa the highesthonorgiven by his almamater, received the ‘DistinguishedAlumnusAward,’ High Line, andtheArcus Foundation. He of CarnegieHall,New York Ballet,the City Rockefeller Foundation. Heisontheboards joining Ford, hewas Vice President atthe development, andfree expression. Prior to including education,humanrights, urban working onanarray of socialjustice issues, Foundation. decadeshehasbeen For two Darren Walker isPresident of theFord has beenGhana’s Minister African Transformation Forum KigaliRwanda Philippines. Management from theUniversity of the Stanford University, andaBA inAgribusiness MA andPhD inAppliedEconomics from the IndiaAgriculture program. Shehasan Sector Coordinator inNewDelhioverseeing Region, where herlastpositionwasCountry 1997–2008, sheworked intheSouthAsia in theEurope andCentral AsiaRegion. From Practice Managerfor Agriculture andWater to joiningtheAfricaRegion, shewasthe KenyaAfrica, Rwanda, andUganda.Prior lending activitiescovering SouthandCentral World Sheoversees Bank. and advisory in theAgriculture GlobalPractice of the Dina Umali-DeiningerisaPractice Manager Northwestern PolytechnicNorthwestern University. Management Science and Engineeringfrom Award of 2015by CITIC. Heobtained aPhD in honored withtheBusinessSystem Model before joining CITIC in2013.Hewasrecently Commission –Energy Research Institute Chinese NationalDevelopment andReform returning to China in 2010,hejoinedthe engineering contract research. Upon of Defenseand USDepartment system the newWorld Trade Center reconstruction 15 years intheUSAandhasbeeninvolved in Construction –AfricaDivision.Hespentover Liaison andMarket Managerfor CITIC T.J. Zhaiiscurrently theSeniorRegional World Bank Dina Umali-Deininger CITIC Construction T.J. Zhai www.acetforafrica.org
African Transformation Forum Kigali Rwanda
EvenAfrican as Africa welcomes Transformation new growth and industries, Report agriculture still makes2 up the bulk of most African economies. It also offers countries their most immediate pathway to transformation, despite being inefficient and outmoded across the continent.
economic transformation is enormous. In Kenya, for example, where agro- processing is relatively well-developed, agriculture contributes 30% of GDP through manufacturing, distribution, and agricultural services. And it provides more than 18% of formal employment. What is our ultimate vision? An agriculture sector that looks remarkably different within 20-25 years. Our report 2 REPORT TRANSFORMATION AFRICAN will layout an agenda to help make that happen, characterized by the need to: raise productivity on all farms, from smallholders to large-scale commercial enterprises. improve post-harvest handling, and strengthen the value chain to ensure that increased production translates into increased availability and demand. expand linkages between agriculture and the rest of the economy, particularly manufacturing and iven the overwhelming importance development, African agriculture has agribusiness. Gof agriculture as a basis for the potential to not feed the continent Africa’s economic transformation, the but also generate employment, boost African Transformation second edition of our flagship African incomes, and stimulate industrialization. Report 2 Transformation Report (ATR2) will The 2016 African Transformation focus on a single, overarching goal: Report: Transforming Africa’s The 2016 African Transformation how to achieve Africa’s agricultural Agriculture, currently in production, Report will explore opportunities, transformation. will be our vision of Africa’s agricultural identify challenges, and outline the Africa has nearly 60% of the world’s future – and a blueprint for translating fundamental structural changes and arable, uncultivated land. It has year- that vision into reality. It will highlight the new programs needed to fully realize round temperatures suitable for key linkages between agriculture and the economic potential of Africa’s cultivation. And it has an expanding economic transformation. agricultural industry. young labor force that gives it a clear, It will assemble and synthesize existing comparative advantage in agricultural knowledge, supplementing with new production. case studies that examine common But Africa is yet to undergo an agrarian challenges. It will go beyond a mere revolution. Modernizing African farms discussion of the issues to champion and connecting them with other parts the interventions and innovations that of the economy has been slow. The are already happening on the ground, continent remains a net importer of food, providing public and private sector and agriculture’s share of GDP has been leaders with the information they need declining in many countries. to move forward. However, with the application of modern The topic for the 2016 African science and technology and farming Transformation Report could not practices that raise productivity; as well be more relevant. That’s because as policies that support full value chain the potential for agriculture to drive
www.acetforafrica.org African Center for Economic Transformation (ACET) 31 AFRICA AT YOUR FINGERTIPS 50 years of African narratives from an African perspective... 8 magazines n 100+ countries n 2.6+ million readers
Informative For more information, visit Independent icpublications.com Invaluable
AfricanAgenda_210x270mm.indd 1 15/09/2015 13:23