Africafé: Financial Constraints in the Pursuit of Economic Development in Africa

September 5, 2024

Africa's economic growth is significantly hampered by financial constraints, which pose significant challenges. These constraints severely limit investments in critical areas such as infrastructure, education, and healthcare. Addressing these issues is crucial for achieving sustainable development and enhancing living standards across the continent.

In this episode, we host Miss Mavis Owusu-Gyamfi, the President & CEO of African Centre for Economic Transformation (ACET) to explore innovative transformation models adaptable within Africa to foster economic growth. We identify primary sources of financial constraints, including limited access to financing and high borrowing costs, hindering economic development in African countries. We also analyze the pivotal role of domestic financial institutions and markets in either alleviating or exacerbating these constraints, and discuss strategies to enhance access to finance, support entrepreneurship, and promote sustainable development.

Speakers
Ahmed Ouhnini
Economist, Policy Center for the New South
Ahmed Ouhnini is an Economist at the Policy Center for the New South. His research area covers agricultural economics, human and social development. Previously, he has worked as a researcher at the Paris School of Economics (PSE) and has also a record of working in consulting services in Morocco. Ahmed holds an engineering Diploma in Agriculture and Rural Development from the National School of Agriculture of Meknes and a Master’s Degree in Law, Economics and Management from the Paris 1 Pantheon Sorbonne Institute of Development. ...
Mavis Owusu-Gyamfi
President & CEO of the African Centre for Economic Transformation (ACET)
...

RELATED CONTENT

  • December 20, 2024
    Ce papier a été initialement publié sur legrandcontinent.eu   À bas bruit, plusieurs pays africains sont en train de monter dans la chaîne de valeur des véhicules électriques. Terrain de bataille de la rivalité sino-américaine sur les matières critiques, l’Afrique pourrait trouver dans la nouvelle fragmentation mondiale des chaînes d’approvisionnement une opportunité. Étude de cas depuis la République démocratique du Congo. Les perturbations successives des chaînes d’approvisionn ...
  • Authors
    Boglarka Bozsogi
    December 6, 2024
    Communities around the Lake Chad Basin (LCB) rely on three major economic activities: farming, fishing, and livestock herding. The floods that began in August 2024 damaged and destroyed hundreds of thousands of hectares of farmland, killed thousands of livestock, and rendered fishing unsafe for fishermen. This climate shock caused families dependent on these activities to lose their primary sources of income. Worse still, these economic activities also serve as the main source of da ...
  • Authors
    November 1, 2024
    Using panel data from a large group of developing economies and a Generalized Method of Moments (GMM) estimator, we examine the effects of trade and other factors on female labor-force participation and wage employment. We focus particularly on comparing the effects of trade openness in the Middle East and North Africa (MENA) region with Latin America and the Caribbean (LAC) and sub-Saharan Africa (SSA). The empirical results indicate that trade openness affects female labor-force p ...
  • October 8, 2024
    في هذه الحلقة من برنامج حديث الثلاثاء، نستضيف السيد عبد الله ساعف لمناقشة دور المؤسسات والمقاولات العمومية في تطوير الاقتصاد المغربي منذ الاستقلال، وكيف ساهمت في تفعيل السياسات العمومية. كما نسلط الضوء على الإصلاحات الحالية لإعادة هيكلتها وتحديثها، مع التركيز على تحديات الحكامة وسبل تحس...
  • October 3, 2024
    Le Policy Center for the New South a organisé une présentation de l'ouvrage collectif intitulé " Les Établissements et entreprises publics au Maroc: Les autres figures de l’État ", sous la direction de notre Senior Fellow M. Abdallah Saaf. Cet événement s'est déroulé le vendredi 27 sept...
  • Authors
    October 3, 2024
    In an era marked by shifting global dynamics, Africa and the Middle East are experiencing a profound transition from traditional geopolitics to a more nuanced geoeconomic framework. This evolution reflects the growing recognition that economic interests, rather than mere political allegiances, are driving international relations in these regions. The rise of emerging powers, particularly China and other Asian nations, has challenged the long-standing dominance of Western economies, ...
  • October 3, 2024
    Le Policy Center for the New South a organisé une présentation de l'ouvrage collectif intitulé " Les Établissements et entreprises publics au Maroc: Les autres figures de l’État ", sous la direction de notre Senior Fellow M. Abdallah Saaf. Cet événement s'est déroulé le vendredi 27 sept...
  • October 3, 2024
    Ce rapport explore en profondeur le rôle stratégique de la formation professionnelle au Maroc dans le contexte de l’éducation nationale et du développement socio-économique. Il examine les missions et les objectifs du département de la Formation professionnelle (DFP), en mettant l’accent sur l’alignement des compétences individuelles avec les besoins dynamiques du marché du travail. À travers une analyse détaillée, le rapport décrit l’organisation du système de formatio ...
  • Authors
    Zakaria Elouaourti
    September 26, 2024
    This Paper was originally published on emerald.com   Purpose Young graduates in Morocco are encountering an increasingly challenging labor market environment. Confronted with intense competition, job insecurity, and unclear career trajectories, many find themselves in low-skilled positions despite possessing relevant qualifications. This issue is particularly pronounced among vocational training graduates, who experience professional downgrading at a rate three times higher (33.6 ...
  • Authors
    Malancha Chakrabarty
    Manish K Shrivastava
    September 25, 2024
    This paper was originally published on t20brasil.org   In a global context marked by unprecedented economic and environmental challenges, Africa stands at a crossroads. The rapid rise in public debt, coupled with the climate emergency, imposes a dual constraint on the continent's countries, severely limiting their ability to pursue sustainable development and mitigate the effects of climate change. This critical situation calls for innovative and effective solutions capable of tra ...