Search

Begin New Search Topic Economic growth Political Geography Africa

31. China’s Overseas Military Base in Djibouti: Features, Motivations, and Policy Implications

Author:
John Fei
Publication Date:
12-2017
Content Type:
Journal Article
Journal:
China Brief
Institution:
The Jamestown Foundation
Abstract:
China’s first overseas military base in Djibouti is near the U.S.’ sole military base in Africa—Camp Lemonnier—and signals China’s interest in protecting its growing economic and security interests in Africa and the Indian Ocean. While the base reflects China’s growing economic and security ambitions, it is unclear at present whether the facility represents just an effort for China to enhance its peacekeeping and humanitarian and disaster relief capabilities, or suggests greater ambitions. If, as some reports suggest, China does open more military bases in African and the Indian Ocean region, then the Djibouti base would mark the beginning of a sea-change in Chinese naval ambitions in the Indian Ocean region (Sina, December 19).
Topic:
Development, Military Strategy, Military Affairs, Economic growth, Maritime, and Soft Power
Political Geography:
Africa, China, Asia, Djibouti, and United States of America

32. Africa Capacity Report 2017: Building Capacity in Science, Technology and Innovation for Africa’s Transformation

Publication Date:
01-2017
Content Type:
Special Report
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
African countries have shown their interest and willingness to strive for science, technology, and innovation (STI)-led development in the coming years. African heads of state and decisionmakers, through Agenda 2063 and the Common African Position in Agenda 2030, have highlighted STI as a key enabler promoting the ability of African countries to achieve their economic transformation and development goals. This commitment was clearly expressed by the adoption of a 10-year Science, Technology, and Innovation Strategy for Africa (STISA-2024) in June 2014 at the 23rd Ordinary Session of African Union Heads of State and Government Summit. The strategy links science, technology, and innovation to Africa’s sustainable economic transformation.
Topic:
Development, Science and Technology, Economic growth, Capacity, and Innovation
Political Geography:
Africa

33. The Expansion of Regional Supermarket Chains: Implications for local suppliers in Zambia

Author:
Francis Ziba and Mwanda Phiri
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
The last two decades have seen rapid economic growth in Zambia and the proliferation of foreign supermarket chain stores. However, this growth has translated into neither significant job creation nor significant poverty reduction. Furthermore, while the expansion of supermarket chains in Zambia has continued, local processing firms’ participation in supermarket value chains remains limited. This paper assesses the hindrances to local processing firms’ participation in supermarket value chains and how those firms’ participation might stimulate growth through regional trade. Our results show that local processing firms’ participation in regional supermarket value chains is constrained by a number of factors that pose either strategic or structural barriers to entry.
Topic:
Economic growth, Private Sector, Retail, Regional Economy, and Value Chains
Political Geography:
Africa and Zambia

34. Opportunities and Challenges for Mozambique From the Indian Expansion in Africa

Author:
Hetalben Haribhai Patel
Publication Date:
12-2017
Content Type:
Journal Article
Journal:
Brazilian Journal of African Studies
Institution:
Brazilian Journal of African Studies
Abstract:
This paper is organized in four main sections. The first one describes the economic relationships between India and Mozambique in the last five years taking into account the bilateral commercial and investment relationships in private and energy sectors. Apart from trade and investments, the first section of this work also presents data on the credit lines opened by India and their allocation in different projects in Mozambique and the donations made by the Indian government. The second section of the paper analyses the opportunities that India’s approximation represents for Mozambique in different areas, since India’s economic growth and its interest in Mozambican resources and location enable cooperation to flourish and the development of strategic areas in Mozambique such as education, health and infrastructure. Even though, the opportunities can only be fully reached when the states become sufficiently prepared with strategic policies and specialized institutions on India. That way, the third section of the paper presents the main challenges that this opportunity represents for the Mozambican State. With the completion of this article, we hope to answer the following question: what are the opportunities and challenges for Mozambique from the Indian Expansion to Africa?
Topic:
Foreign Policy, Bilateral Relations, Partnerships, Economic growth, and Trade
Political Geography:
Africa, South Asia, India, and Mozambique

35. Sustainable Infrastructure Development in Sub Saharan Africa: A View from the Ground

Author:
Jamal Saghir
Publication Date:
04-2017
Content Type:
Policy Brief
Institution:
Institute for the Study of International Development, McGill University
Abstract:
The objective of this policy brief is to discuss issues affecting sustainable infrastructure development in Sub-Saharan Africa (SSA)2 countries including challenges, opportunities, and investment options facing SSA countries. Sustainable infrastructure refers to the designing, building, and operating of infrastructure 3 projects taking into account social, economic, financial, ecological and environmental considerations. Sustainable infrastructure enhances quality of life for citizens, helps protect vital natural resources and environment, and promotes a more effective and efficient use of financial resources.4 Infrastructure development and financing are an indispensable component of growth for any economy, and are an essential building block for SSA countries to get on the path of sustainable development. However, at present, SSA countries lack adequate and sustainable infrastructure to support increased economic growth. Overall and by all indicators, SSA is the least endowed region of the world in terms of infrastructure, even when compared too low- and middle-income countries in other developing regions. Moreover, private sector investments in SSA infrastructure remain among the lowest in the world. This is due to a number of contributing factors, including small country size that affects economies of scale and service delivery costs; low incomes that constrain affordability; weak institutions; underdeveloped domestic capital markets resulting in lack of locally-denominated long term capital; and relatively poor business environments. Closing SSA’s infrastructure gap would thus require a multi-track approach to increase all forms of public and private investments and leverage a variety of financial instruments, including guarantees.
Topic:
Development, Infrastructure, Economic growth, and Sustainability
Political Geography:
Africa and Sub-Saharan Africa

36. Dynamic Cities? The Role of Urban Local Governments in Improving Urban Service Delivery Performance in Africa and Asia

Author:
Jamie Boex, Ammar A. Malik, Devanne Brookins, and Ben Edwards
Publication Date:
07-2016
Content Type:
Research Paper
Institution:
Urban Institute
Abstract:
Cities are engines of economic growth that provide spaces for social transformation and political inclusion. Their ability to deliver widely accessible and efficiently functioning public services drives productivity and sustains development. We design and apply an assessment framework to 42 cities in 14 African and Asian countries to better understand the functional, administrative, and political dimensions determining the quality and coverage of water, sanitation, and solid waste collection services. We find that urban local governments are constrained in their authority and discretion to deliver basic public services. Reforming intergovernmental institutional structures to better match responsibilities is essential for realizing cities’ full economic potential.
Topic:
Government, Water, Governance, International Development, Economic growth, Urban, Sanitation, Services, and Cities
Political Geography:
Africa, Asia, and Global Focus

37. India’s Reinvigorated Relationship with Africa

Author:
Rani Mullen and Ashish Arora
Publication Date:
12-2016
Content Type:
Special Report
Institution:
Centre for Policy Research, India
Abstract:
The 21st century is witnessing a substantial re-engagement of India and Africa. Though India and Africa have a history dating back millennia, bilateral relations for most of the 20th century were tepid as each focused inward, first on anti- colonial struggles and then on building up their independent countries. However, since the turn of the century India has re-engage with Africa as both experienced significant economic growth and face similar development challenges on their path towards sustained progress. Acknowldeging the importance of mutual cooperation, both India and African countries have been engaging with each other through bilateral and multilateral initiatives, including the Pan-African e-network, India- Africa Forum Summits, such initiatives signal India and Africa's mutual interest in strengthening their relationship and South-South cooperation. Furthermore, in a changing global order where OECD countries are experiencing low growth trends and with the emergence of new multilateral institutions such as the BRICS countries-led New Development Bank, these rising powers are influencing global governance, geoeconomics, as well as the global development architecture. This report analyzes the changing India- Africa relationship, with a special focus on development partnerships between the two regions and the future potential of the relationship.
Topic:
International Relations, Development, Diplomacy, International Cooperation, Bilateral Relations, Geopolitics, and Economic growth
Political Geography:
Africa, South Asia, and India

38. Building Capacity for Domestic Resource Mobilization: The Role of Development Partners

Publication Date:
12-2016
Content Type:
Policy Brief
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
Africa’s ability to deliver on the ambitious post-2015 Agenda (also called the 2030 Sustainable Development Goals) and the African Union Agenda 2063 largely depends on the availability of adequate financial resources. But the funding sources for development programs have been neither stable nor predictable, particularly after the global financial crisis in 2008. It has become clear that while donor financing remains important, overreliance on donor funding will not sustainably drive the success of the two continental agendas, hence the need to focus on other development finance options such as domestic resource mobilization.1 If new sources of financing are not in place, Africa’s growth and industrialization strategies are likely to suffer an early setback. Agenda 2063 recommends that countries strengthen domestic resource mobilization, build continental capital markets and financial institutions, and reverse illicit financial flows for Africa to be self-reliant and finance its own development.
Topic:
Development, Natural Resources, Economic growth, Capacity, Economic Development, and Human Resources
Political Geography:
Africa

39. Eurobonds Repayment: Limiting the Risks

Author:
Shebo Nalishebo and Albert Halwampa
Publication Date:
03-2015
Content Type:
Policy Brief
Institution:
Zambia Institute for Policy Analysis and Research (ZIPAR)
Abstract:
In recent years, the Zambian economy has been growing strongly and the country has increasingly been faced with the need to plug huge infrastructural gaps. However, the slowing down of bilateral and multilateral financing due to austerity measures in developed economies and the World Bank’s reclassification of Zambia as a lower middle income country has led financiers to divert concessional loans to other needy countries in the low income bracket. Consequently, Zambia has had to diversify its budget and project financing options by issuing Eurobonds which are commercial borrowings by governments in currencies other than their own - in Zambia’s case, it is denominated in US dollars. Since 2012, the Zambian Government has issued two ten-year sovereign bonds collectively worth US$1.75 billion to mainly finance infrastructure projects. These two bonds amounted to 37% of Zambia’s external debt in 2014. With an average coupon rate of 6.9%, the two bonds have bullet repayment structures, implying that lump sum principal payments will be paid at the end of their respective ten-year maturity periods. The coupon rate is the interest rate at the time of issuance. Notwithstanding the high interest payments of over US$125 million annually, the bullet structure of the two bonds may have significant repayment risks as the country is expected to pay out the US$1.75 billion within a two-year period (in 2022 and 2024). The country may experience difficulty in repaying or refinancing the face value at maturity if the money is not spent in activities with high economic returns and if there are adverse changes in its exchange rate or international market conditions. The risks are already on the horizon – the recent depreciation of the Kwacha has increased debt servicing costs, while the low copper prices have reduced the much-needed export revenues used to service debt. Has Zambia dug itself into another debt hole? What measures can be put in place to mitigate the risk of a pending default?
Topic:
Economy, Economic growth, Bonds, and Eurobonds
Political Geography:
Africa and Zambia

40. Macroeconomic Impact of Capital Flight in Sub-Saharan Africa

Author:
John Weeks
Publication Date:
09-2014
Content Type:
Working Paper
Institution:
African Economic Research Consortium (AERC)
Abstract:
This paper assesses the impact of capital flight on growth in thirty-one sub-Saharan African countries. It first considers the “macro fundamentals” hypothesis that capital flight would be lower in a country whose government adhered to “sound” macroeconomic policies. Analytical considerations fail to support this hypothesis. Second, it develops a growth estimating equation derived from the Harrod-Domar framework. The growth estimations support the conclusion that capital flight had a major impact on growth over the last three decades, 1980–2010. The negative impact was greatest for the petroleum-exporting countries and those affected by internal conflict, but it was also substantial for the other countries, with a few exceptions.
Topic:
Economics, Markets, Global Markets, Economic growth, Economic Policy, Macroeconomics, and Capital Flight
Political Geography:
Africa, Sudan, Nigeria, Angola, Chad, Cameroon, Global Focus, Gabon, and Republic of Congo