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

  • Download PDF
    Different Dimensions of Brazil and Morocco Trade Flows: A Quantitative Assessment
    Authors
    Eduardo Amaral Haddad
    Fernando S. PEROBELLI
    Flãvio V. VIEIRA
    Vinicius A. VALE
    January 26, 2018
    Brazil and Morocco have been engaged in different forms of trade negotiations and committed to liberalize their trade, as they have concluded several bilateral and multilateral trade agreements whether within the WTO or in specific framework. This paper analyzes different facets of trade relations between Brazil and Morocco and assesses the potential for deeper trade integration between these two key players in the southern Atlantic. Trade flows between Brazil and Morocco have been ...
  • Download PDF
    Diversité de l’agriculture africaine et commerce intracontinental : quelles opportunités pour l’intégration
    Authors
    Mohammed Rachid Doukkali
    Tharcisse Guèdègbé
    Fatima Ezzahra Mengoub
    December 22, 2017
    L’agriculture africaine a connu dernièrement une croissance relativement élevée, quoique peu résiliente et tirée principalement par l’extensification. Malgré sa diversité, les niveaux de production restent insuffisants pour autonomiser le continent surtout pour ce qui est des produits alimentaires de base. En misant sur l’intégration, des marges de progrès se présentent aux pays africains pour améliorer l’écosystème de l’agriculture africaine et ses performances. Il s’agit de puiser ...
  • Growth and Jobs in Developing Economies: Trends and Cycles
    Authors
    Zidong An
    Tayeb Ghazi
    Gonzalez Prieto
    December 20, 2017
    This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun’s Law—the short-run relationship between output and labor market—holds in half of the count ...
  • Can Africa really benefit from its demographic dividend to accelerate growth?
    Authors
    Jorge Arbache
    December 18, 2017
    I am in Marrakech attending the Atlantic Dialogue, a very interesting event organized by the OCP Policy Center. One of the questions put to debate was: "How can Sub-Saharan Africa benefit from its economic potential to grow, thrive and eliminate poverty?" In fact, this is one of the questions most frequently raised by the economic development community. And one of the most common responses is that, alongside natural resources, the young population is the most powerful engine of gro ...
  • Les relations Nord-Sud au coeur des Atlantic Dialogues
    Authors
    December 18, 2017
    La conférence Atlantic Dialogues 2017 s'est poursuivie le 14 décembre à Marrakech en passant progressivement de l'économie à la géopolitique. Des personnalités du Nord et du Sud se sont répondues, dans un débat franc et ouvert.  Hubert Védrine, ancien ministre français des Affaires étrangères, a livré son analyse de la diplomatie mondiale en ces termes : « Tous les pays défendent leurs intérêts et développent des idées, mais une dizaine seulement ont une vraie politique étrangère. L ...
  • Jobless growth : still a question mark…
    Authors
    Youssef Tobi
    December 15, 2017
    The In-focus session about Jobless Growth during the Atlantic Dialogues on December 14th led to a passionate debate on the future impact of jobless growth on Africa as well as the world economy. « Jobless growth » was coined by the American economist Nick Perna (Yale) in the early 1990s. The causes of this phenomenon are highly discussed. For instance, automation is seen as the main source of jobless growth by some economists while others argue that it falls into a « Luddite Fallac ...
  • Positioning Africa in Global Value Chains (Moroccan Tent)
    December 14, 2017
    Moderator: Jordi Bacaria, General Director, Barcelona Centre for International Affairs - Newai Gebre-ab, Executive Director, Ethiopian Development Research Institute, former Chief Economic Adviser to the Prime Minister of Ethiopia - Paulo Neves, President, Institute for the Promotion of...
  • In-Focus Session: Energy-mix to Accelerate Africa’s Development
    December 14, 2017
    Moderator: André Caillé, Board Member, Junex - Eric Festa, Senior Vice President, LNG Business Development, Total - R. Andreas Kraemer, Founder & Chairman, Ecologic Institute - Thione Niang, Co-Founder of Akon Lighting Africa - Simone Tagliapietra, Research Fellow, Bruegel ...
  • Download PDF
    ATLANTIC CURRENTS : UN RAPPORT ANNUEL SUR LES NOUVELLES TENDANCES ET PERSPECTIVES ENTOURANT L’ATLANTIQUE ELARGI
    Authors
    Abdelhak Bassou
    Rachid El Houdaigui
    Tayeb Ghazi
    Mohammed Loulichki
    Yassine Msadfa
    El Mostafa Rezrazi
    December 13, 2017
    Le rapport Atlantic Currents 2017 sort en marge de la 6ème édition des Atlantic Dialogues, conférence de haut niveau organisée annuellement au Maroc par l’OCP Policy Center et ayant comme mission de promouvoir le dialogue transatlantique entre toutes les parties prenantes de cet espace géostratégique (Afrique, Caraïbes, Europe, Amérique latine et États-Unis), un dialogue devenu nécessité vu les changements rapides survenus de tous les côtés de l'Atlantique au cours des dernières ann ...