Back

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

September 5, 2024
Related topics: 
Economy
Africa

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

  • Les transferts de fonds des migrants vers l’Afrique exercent-ils un effet de levier sur l’investissement et sur la croissance économique ?
    Authors
    Nor-eddine OUMANSOUR
    Mohamed AZEROUAL
    Sarra BAHIJ
    October 2, 2019
    Cet article analyse les retombées des transferts de fonds des migrants sur la croissance économique et sur l’investissement domestique des pays africains. A cette fin, nous avons utilisé la Méthode des Moments Généralisés en Système en panels dynamiques pour un échantillon de 34 pays sur la période 1980-2016. Les principaux résultats des estimations effectuées montrent que les transferts de fonds des migrants exercent un effet significatif et positif sur la croissance économique et ...
  • Download PDF
    Taux de Change Fixe / Taux de Change Flottant Le cas du Maroc
    Authors
    Henri-Louis Vedie
    September 24, 2019
    En pleine transition ordonnée de son régime de change, sous l'autorité bienveillante du Fonds monétaire international (FMI), le Royaume du Maroc est un exemple très concret des avantages et des inconvénients des deux régimes de change dominants ces dernières décennies/change fixe et change flottant /. L’objet de cette note est de rappeler, tout d'abord, les fondamentaux économiques des deux systèmes et leur environnement historique (I). Ensuite, à la lumière de ces fondamentaux, pré ...
  • Download PDF
    Inequality in Morocco: An International Perspective
    Authors
    Uri Dadush
    Hamza Saoudi
    September 1, 2019
    Income inequality is high in Morocco. In 2013, the share of national income1  of the richest 10% in Morocco stood at nearly 32%, 12 times higher than the share of national income of the poorest 10% of the population. This paper argues that, drawing on international experience, there is much more that Morocco’s government can do to reduce inequality while at the same time enhancing growth and – possibly – doing so in a manner that is budget-neutral or even budget-positive. Top of the ...
  • Download PDF
    Inequality in Morocco: An International Perspective
    Authors
    Uri Dadush
    Hamza Saoudi
    August 23, 2019
    Income inequality is high in Morocco. In 2013, the share of national income of the richest 10% in Morocco stood at nearly 32%, 12 times higher than the share of national income of the poorest 10% of the population. High inequality can adversely affect long-term growth as it tends to be associated with underutilization of human potential. This paper argues that, drawing on international experience, there is much more that Morocco’s government can do to reduce inequality while at the ...
  • Download PDF
    Natural Wealth and Economic Growth: The Case of Sub-Saharan Africa
    Authors
    Otaviano Canuto
    Christos Daoulas
    August 22, 2019
    This note approaches the relationship between natural wealth and economic growth, using the case of Sub-Sahara African economies as an illustration. Delving into recent World Bank reports, it highlights how a sustained positive correlation between natural capital and GDP growth happens through the transformation of the former into other forms of assets: produced capital, human capital and other intangible assets. Governance features and the quality of macroeconomic policies are of t ...
  • Download PDF
    Can African countries learn from the Chinese Development Model?
    Authors
    Ihssane Guennoun
    August 9, 2019
    China’s economic records over the past four decades generated the intellectual curiosity of many foreign observers and researchers . The development pathway of Beijing is interesting to study as it proves that a country can take its destiny in its own hand. This paper tries to draw possible lessons from the Chinese development path to see if some of them could be adaptable to feed the development of the African countries. Introduction Forty years ago, China opened up its economy t ...
  • Pour une meilleure complicité entre décideurs publics et startups africaines
    Authors
    Richard Seshie
    July 26, 2019
    Richard Seshie est un Alumni du programme des Atlantic Dialogues Emerging Leaders 2017. Cet article a été précédemment publié ici.  Il prévaut fortement cette idée que nos pouvoirs publics ne sauraient jouer un rôle important pour les startups en Afrique. Dans plusieurs pays, leur nonchalance ou implication maladroite passée laisse dubitatif. Toutefois, c'est la nature historiquement extravertie de nos économies et ses implications qui devrait susciter plus qu'ailleurs un activism ...
  • Download PDF
    Vers une stratégie économique basée sur l’amélioration de la productivité
    Authors
    Elhadj EZZAHID
    July 19, 2019
    Les recherches sur les sources de croissance de long terme des économies montrent qu’elle dépend plus de la croissance de la productivité que de la croissance des volumes des inputs accumulés. Au Maroc, les résultats disponibles fournissent des évidences sur le rythme très lent de la croissance de la productivité mesurée par la PTF ou le rapport production-travail. Des simulations montrent que seule une augmentation de la PTF permettra d’atteindre une croissance suffisamment élevée. ...
  • Download PDF
    Middle Income Countries and Multilateral Development Banks Traps on the Way to Graduation
    Authors
    Otaviano Canuto
    Matheus Cavallari
    Tiago Ribeiro dos Santos
    July 19, 2019
    Multilateral Development Banks (MDBs) have two financing windows, with different terms, dedicated to low- and middle-income countries. Countries are presumed to cross those windows as their income per capita rises, with middle-income countries (MICs) eventually “graduating” to a non-client status once they reach some criteria. However, due to what may be called “middle-income traps”, such progression toward graduation has been limited to a small number of countries. ...