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Diversifying Africa’s Forces of Economic Growth alongside Agenda 2063 PDF Print E-mail
Development
Written by John Baimba Sesay-CHINA   
Monday, 27 February 2017 11:36

Imagine the words of Anver Versi in ‘Infrastructure-the foundation of prosperity’, thus; the development and growth of any modern economy is inextricably to the state of its infrastructure. “As a general rule”, the author writes, “the more developed and efficient a country’s infrastructure, the higher its national GDP…”-NewAfrican, December 2016.

Africa’s quest for infrastructure growth need not be overemphasized. Africa has had to embrace the rise of new development partners with different models of cooperation. This is especially so in rresponse to the continent’s available growth opportunities.

Like FOCAC-(Forum On China-Africa Cooperation) with the Chinese, TICAD- Tokyo International Conference on African Development forum is Japan’s framework of development cooperation with Africa, that was established in 1993, to affirm Japan’s proactive position on development assistance to African nations, writes Kazuyoshi Aoki, in ‘Japan & the TICAD Process’ At the TICAD II ‘African development towards the 21st century’, stated Kazuyoshi Aoki, that the Tokyo agenda for action was launched “with a view to improving development planning and good governance; and conflict prevention…”

During the Sixth Tokyo International Conference on Africa’s Development held in (Kenya) in August 2016, first ever in Africa since it was formed, Japan committed herself to mobilize $30 billion for Africa’s infrastructure, health care and security, according to Africa Renewal December 2016-March 2017. And at the said meeting, three areas for Africa’s growth were reportedly considered; economic diversification and industrialization; ensuring a resilient health sector, and social stability.
$10billion from the announced $30billion, writes Africa Renewal December 2016-March 2017, is to be “injected into a three-year Africa Infrastructure Plan targeting projects in education, energy, urban transport (roads and ports), health, agriculture and others…” In response, South Africa’s Zuma called for Japanese investments “to be structured in a way that all African countries are able to benefit, particularly when it comes to bigger projects.”

The African Union has come up Agenda 2063– a program reflecting the continent’s solutions to her challenges. In brief it outlines the type of Africa the world should see in the next fifty years, particularly in utilizing the continent’s resources for the benefit of its people. However, Agenda 2063 will not happen spontaneously, but one that “will require conscious and deliberate efforts to nurture a transformative leadership that will drive the agenda and defend Africa’s interests.”

Africa has huge untapped resources, providing great potential for her to push towards fast and sustainable growth path and in achieving Agenda 2063. For instance, countries in the MRU sub regional body are notable of possessing enormous wealth of untouched resources and reserves of mineral resources such as bauxite; iron ore, gold and diamond, phosphates and other mineral deposits.

Peter Drysdale and Luke Hurst, ANU submitted in a work, titled ‘Regional prospects in Africa's mining sector’ that the huge lift in terms of trade of resource exporters in the past decade “has opened new opportunities for Africa, as it has for Australia at a very different stage of development. Neither continent could hope to take advantage of these opportunities without the help of foreign investment.”

Self-reliance, by way of the continent financing its own development is crucial for our growth trajectory but not in the short term. Given the continent’s resource rich potentials, it should continue to shape her needs along those commitments made by nations like Japan (ICAD) and even China-within the FOCAC framework, amongst other development partners.

As agreed at the Sixth Tokyo International Conference on Africa’s Development, economic diversification and industrialization; ensuring a resilient health sector and social stability are vital if the continent must come to terms with the Agenda 2063.

The Johannesburg (South Africa) 2015 FOCAC Summit ended with an impressive financial assistance package of $ 60 billion, announced by President Xi. Of the said amount, $35 billion would be in preferential loans and export credit lines, $5 billion in grants, $15 billion for Capital for the China-Africa Development Fund and $5 billion for loans to develop African Small and Medium enterprises. (Source: FOCAC 2015: Consolidating China-Africa Relations – Analysis)

The continent should work assiduously in utilizing the ten mutual projects in various sectors, announced in South Africa in 2015, such as industrialization, agricultural innovation, infrastructure, financial services, green development, and trade and investment facilitation.

The forces driving the continent’s economic growth should be diversified, eventually giving us the Africa we need in 2063!

 

Editorial

2016 Global Peace Conference to be held in Freetown---as IPRA 50th Birthday confab ends in Istanbul

 

The 26th biennal conference of the Internatonal Peace Research Association (IPRA) is billed to take place in  Freetown, Sierra Leone in November 2016, marking the second time Africa has hosted the conference since the founding of IPRA in 1964. This was announced following the re-election of  the two IPRA Secretaries-general, Dr Ibrahim Seaga Shaw (pictured) and Dr Nesrin Kenar, who co-ordinated the 25th  IPRA conference in Turkey,  at the organisation’s administrative meeting on August 14 during the 25th  IPRA  conference in Istanbul  to serve a second term of two years.

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Business News

Sierra Leone Embassy & Beijing Chamber Of Commerce for Cultural Industries Launch China-Sierra Leone Hand-In-Hand International Foundation

The Sierra Leone Embassy in China in collaboration with the Beijing Chamber of Commerce for Cultural Industries on Saturday 17th June, 2017 launched the China-Sierra Leone Hand-in-Hand International Foundation with a view of cultivating good citizenship by enhancing social, environmental, cultural and economic wellbeing of communities in Sierra Leone.

It also will among others, serve as a bridge of friendship between the two nations in a bid to promote international culture and art exchanges and contribute to economic development.

Speaking at the event, Madam Kumba Alice Momoh, the embassy’s Chargé d'Affaires   referred to the launch of the China-Sierra Leone Hand-In-Hand International Foundation as “the birth of a new era during a period that Sierra Leone is celebrating 46 years of bilateral relationship with China”

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Media News

44 Journalists in Beijing for China Development Studies and Media Exchange

The 4th session of the China Africa Press Center (CAPC) Program hosted by the China Public Diplomacy Association (CPDA) was officially launched on Wednesday 1st March 2017 in Beijing, China. This year’s event is running simultaneously with the China South Asia Center 2017 program. Both programs brought together forty-four journalists from Africa and South Asia.

The program you will give journalists the opportunity to cover major domestic and international events in China such as the upcoming Two Sessions, i.e, the 5th Session of the 12th National People's Congress (NPC) and the 5th Session of the 12th National Committee of the Chinese

People's Political Consultative Conference (CPPCC) (similar to Parliamentary sessions in many countries) in March, the Belt and Road Forum for International Cooperation in May and the 9th BRICS Summit in Autumn this year.

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Commentary

REVIEWING THE JUNE 2017 ECOWAS SUMMIT

A PASSIONATE LETTER TO HIS EXCELLENCY THE PRESIDENT:  44TH EDITION

REVIEWING THE JUNE 2017 ECOWAS SUMMIT
 Your Excellency Sir,
 It’s been six months since I subscribed to my usual publications of this piece. And this is primarily because I have been out of the country for the entire period, and as such would not normally objectively tender a subscription. I do apologize to my readers for this. So having being in Monrovia, Liberia for the recently concluded ECOWAS Summit, I would like to do some analysis on such a historic august body and gathering of this sub-Saharan/West African region.
 
In resume, among other crucial achievements, ECOWAS, through its military apparatus, ECOMOG, played very sacrificial and invaluable roles in bringing peace, security and democratic governance to both Sierra Leone and Liberia during their past civil wars, and most recently ensuring that the Gambian people’s democratic change of government from the notorious dictatorial twenty seven years regime of Yaya Jarmeh, to the current government of President Adama Barrow, through their tactical robust intervention, overseen by President Helen JohnsonSirleaf of Liberia and other ECOWAS Presidents/actors, was enforced. Furthermore, ECOWAS has also spearheaded the enactment of several socio-political, advocacy and economic treaties in the sub region.
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View Point

WHY SIERRA LEONEANS HATE PEACE AND DEVELOPMENT

Honestly speaking Sierra Leoneans are well known for their hospitality all over the world, especially in Africa. But ironically many of them hate each other. But they love foreigners. They have high respect for strangers. But unfortunately they do not have respect among themselves. You can attest this to what is happening in the social media. Where they are showing their pull him down (PhD) syndrome. By castigating their compatriots unnecessarily. Some of them just because of jealousy and envious evil spirit they possess. They prefer to promote foreigners than their own brothers and sisters both in and out of the country.

Day in day out they are insulting each other.They are using all sorts of vulgar languages against each other. And even their own highly respected president in the world, President Ernest Bai Koroma they are insulting him openly. Therefore, it is an open secret that many Sierra Leoneans are not well cultured.

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News - Press Release

WHO Director-General elect welcomes new funding for polio eradication

 World Health Organization Director-General elect, Dr Tedros Adhanom Ghebreyesus has welcomed contributions and pledges of US$1.2 billion for the Global Polio Eradication Initiative. The pledges were made at the Rotary Convention in Atlanta, USA which is being attended by 32 000 Rotarians from around the world. 

“It is humbling to see again the power of this incredible global partnership to generate funding to fight one of the world’s most horrible and debilitating diseases,” said Dr Tedros.

 

 

A proportion of the money pledged will help WHO fund disease surveillance in more than 70 countries and enable it to provide expertise to help countries vaccinate 450 million children per year against polio. The Organization will also provide guidance on vaccination policy and participate in research into vaccine delivery methods, operational tactics and other approaches that can help accelerate eradication.

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Society -Local News

Kambia hosts 41st Africa Child Day celebration

The Ministry of Social Welfare in collaboration with its international and local partners has commemorated the 41st Day of the African Child with residents in Kambia District.

The theme for this year’s celebration is" The 2030 Agenda for Sustainable Development for Children in Africa: Accelerating Protection, Empowerment and Equal Opportunity "

The ceremony attracted distinguished personalities from across the country and thousands of school going pupils from the district.

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Development

Sierra Leone Collateral Registry to improve access to finance for MSMEs

Minister of Finance and Economic Development and Governor of the Central Bank Monday (June 12) jointly launched the Sierra Leone Collateral Registry, an electronic public database holding information on security interests in movable property.

 

The Registry is an initiative of the Bank of Sierra Leone with technical and financial support provided by the World Bank Group to improve access to finance, particularly for Micro, Small and Medium Enterprises (MSMEs). Established under Part II of the Borrowers and Lenders Act, the Registry is a web based system that allows lenders to search for any pre-existing security interests over movable assets provided as collateral. It facilitates the use of movable assets as collateral that may remain in possession or control of the borrowers and thereby improves access to secured finance.

 

 

 

Movable assets are the main type of collateral that MSMEs, especially those in developing countries, can encumber to obtain financing. Given opportunities in agribusiness among others, the Collateral Registry regime allows farmers and entrepreneurs to unlock significant sources of capital with assets that would otherwise not be looked at by lenders as potential collateral.

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Politics

APC Secretary General Ambassador Yansaneh announces the resolutions at the June 1st NAC Meeting
EBK endorsed to continue as Chairman and Leader,continue to unite and transition the party.
 
Selection or Endorsement of Presidential Candidate who will appoint a Running Mate to be endorsed by NAC.
 
National Executive Officers must have served at regional,district or constituency level to be qualified for selection or election.
 
Must n paid up and active in the last 10 years and paid up for 7 years . 
 
Will sign an undertaken to support whoever is selected or endorsed . 
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