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
    Fighting inequalities: A Major Challenge and an Essential Prerequisite for Inclusive and Sustainable Growth in Africa
    Authors
    Hamza Saoudi
    Jean Louis-Sarbib
    October 18, 2023
    Addressing inequalities in all their forms has emerged as one of the major global challenges faced by numerous countries across the globe, particularly in Africa. In a context where Africa faces many pressing challenges that are the subject of much analysis (Sarbib et al. 2022), there is a clear gap in conducting comprehensive reviews focused on inequalities, partly due to the lack of available data. Inequalities, which are both consequences and partial causes of poor development o ...
  • AFRICAFE: Africa and the New International Financial Architecture
    October 12, 2023
    The African continent has long been a focal point for discussions surrounding economic development, global finance, and international cooperation. With the ever-changing global economic landscape and the emergence of new financial paradigms, it is imperative to explore how Africa positi...
  • Career Trajectories of Higher Education Graduates: Impact of Soft Skills
    Authors
    Aomar Ibourk
    Karim El Aynaoui
    October 9, 2023
    This paper was originally published on mdpi.com   The labor market can be a daunting place for young graduates; this paper aims to shed light on how they navigate it. By examining the ways in which they enter the workforce and the impact of individual and socioeconomic factors on their career paths, we gain a deeper understanding of the challenges they face. We use a two-stage approach to study this issue: first, we create a typology of graduates’ integration paths and then estima ...
  • MOROCCO’S QUEST FOR STRONGER AND INCLUSIVE GROWTH
    Authors
    Abdelaaziz Ait Ali
    Oumayma Bourhriba
    Federica Alfani
    Dominique Fayad
    Gregory Auclair
    Dániel Baksa
    Hippolyte Balima
    David Bartolini
    Chakib Benmoussa
    Olivier Bizimana
    Aleš Bulíř
    Moëz Cherif
    Fabio Clementi
    Ananta Dua
    Javier Díaz-Cassou
    Michele Fabiani
    Lisa Kolovich
    Chiara Maggi
    Carole Megevand
    Vasco Molini
    Anta Ndoye
    Lorraine Ocampos
    Maximilien Queyranne
    Francisco Roch
    Enzo Valentini
    October 9, 2023
    This book was originally published on elibrary.imf.org   Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia’s invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-ter ...
  • Rising Inflation and Economic Challenges in Africa
    Helmut Sorge & Abla Abdel Latif
    October 06, 2023
    The confluence of Covid 19 and the ongoing war between Russia and Ukraine has resulted in a troublesome surge of inflation not seen for decades. Developing nations, particularly in Africa ...
  • Download PDF
    Industrialization in Africa: Issues and Policies
    Authors
    Hinh T. Dinh
    October 6, 2023
    This paper reviews the past performance of industrialization in Africa and identifies key considerations for policymaking. To date, African countries have lagged in industrialization compared to other continents, in spite of the determined efforts and aspirations of their leaders. However, recent evidence suggests that Africa’s de-industrialization trend began to reverse in the past decade, with some countries experiencing growth in manufacturing employment. Notably, more jobs have ...
  • Africafé: L’économie africaine à l’ère des incertitudes
    October 4, 2023
    Dans ce numéro spécial de notre émission, nous explorerons les contours et les performances de l'économie africaine face aux multiples défis planétaires. La pandémie de Covid-19 continue de susciter des inquiétudes avec l'émergence de nouveaux variants, tandis que les catastrophes clima...
  • A Singapore-Constructed Roadmap for the Economic Revival of Nigeria
    Authors
    Amit Jain
    September 26, 2023
    On the day he formally took power in Nigeria, 29 May, President Bola Tinubu put an end to fuel subsidies.  It was a bold and politically difficult decision, but long overdue. Nigeria is a leading oil producer and yet its citizens struggle to put gas in their tanks. It exports crude oil but imports refined fuels. For years, the government capped the gasoline price and paid importers the difference between the higher landed cost of petrol and diesel and the lower price at the pump. Th ...