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
    Commodities: a new era
    Authors
    Yves Jégourel
    December 14, 2015
    The end of supply chain is the natural corollary of the sustained price fall of virtually all commodities observed over the past many months. If it appears premature to state exactly what is the impact of this deconsolidation in the commodities value chain, it is believed that the strategic role of physical trading is strengthening. Under such circumstances, the industrial strategies of developing countries and commodity exporters may have to evolve and, in priority, foster optimizi ...
  • Download PDF
    Diaspora, Development and Morocco
    Authors
    Uri Dadush
    November 25, 2015
    The contribution that the diaspora makes to development in the country of origin is examined. Drawing on a recent World Bank survey of migrants from the MENA countries, the needs of the diaspora and the development role it can play through its organizations are reviewed. A constructive interaction with the diaspora can be greatly enhanced by supportive policies in the country of origin. The main focus of the paper is on the Middle East and North African region, and more specifically ...
  • Download PDF
    Politique Budgétaire et Activité Economique au Maroc: Une analyse quantitative
    Authors
    Edité par:
    Karim El Mokri
    Aziz Ragbi
    Said Tounsi
    November 23, 2015
    Depuis le déclenchement de la crise économique et financière internationale, la politique budgétaire a connu un vif regain d’intérêt dans les arènes académiques et dans les débats des policy-makers, aussi bien dans les pays avancés que ceux en voie de développement. Pour un pays en voie de développement comme le Maroc, l’importance de la politique budgétaire réside dans le potentiel qu’elle offre en matière de stabilisation du cycle économique et de relance de l’activité en période ...
  • Download PDF
    Introductory Note Fiscal Policy in Morocco: Assessment and Challenges
    Authors
    Karim El Mokri
    Aziz Ragbi
    Said Tounsi
    November 23, 2015
    The issue of a powerful fiscal policy comeback is not only being debated in Europe. It is also interesting for Morocco, in many respects. If in Europe there is controversy between the proponents of the structural budgetary balance rule and critics of restrictive policies in the context of major financial and recessive shocks, in the South of the Mediterranean fiscal policy is caught between the multiple social and economic requirements and the constraint of sustainability. ...
  • Ghana: quel modèle de développement à moyen terme?
    Authors
    Clémence Vergne
    November 19, 2015
    Au cours de la dernière décennie, le Ghana a enregistré des taux de croissance moyens supérieurs à 7 % par an, ce qui lui a permis d’accéder au statut de pays à revenu intermédiaire de la tranche inférieure. Toutefois, la croissance a récemment marqué le pas pour s’établir à 4,2 % en 2014, ce qui soulève la question de la pérennité du modèle de développement du pays. Le Ghana se trouve désormais à un stade critique de son processus de développement. Une transformation structurelle ...
  • Download PDF
    Trade, Inequality, and Morocco
    Authors
    Uri Dadush
    October 27, 2015
    International trade has become a pervasive feature of our lives, yet it remains controversial and resisted across the world. High and rising income inequality, which is often blamed on international trade, especially trade with China, is one reason. But the main driver of inequality is new technology, not international trade. Although trade interacts with new technology in ways that often lead to higher inequality, trade and technology also lie at the root of economic advance. So th ...
  • Atlantic Currents: Setting Sail on Currents Powered by Winds of Change
    Authors
    Lilia Rizk
    October 19, 2015
    OCP Policy Center holds in its arsenal a wide array of different resources aimed at creating a knowledge sharing platform that constructively dissects key economic, international relations and strategic issues. To achieve this objective, research initiatives, training programs and sessions, as well as conferences and seminars are put in place, thus offering an appropriate open debate platform to stimulate new analytical approaches.  Within this range of activities, OCP Policy Cente ...