Download - Africa Then and Now
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Experiencing Development in Africa
Dr. Phil Osagie
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Presented at: University of Toronto‘Experiencing Development in
Africa’On: 25 January, 2013
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Scope of Presentation IntroductionPerception and misconception about Africa &
WhyThe Reality checkOpportunities in Africa Fighting Poverty with investmentsThe future
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Current perception about AfricaOne country!Lions and monkeys…and more animals!Huts everywhereFamine and droughtCorruption and autocracyDarkness Guns and warsInefficiencies and poor infrastructureMalaria, HIV and diseasesDiamonds and oil
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Why the perception
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WHY?Media agenda‘Emotional blackmail’ and fund raising
communications by donor seekers & Western NGOsPoor information management by African nationsContinental corruptionThe hard facts themselves‘The law of Repetition and negative reinforcement-
“What you hear repeatedly, you will eventually believe.”
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60+ FACTS& FIGURES ABOUT AFRICAAfrica accounts for 90% of malaria deathsOne in six children die before the age of fiveMeasles takes the life of a child nearly every
minuteOver 12 million children orphaned by HIV
Aids (UNICEF)Average water use and consumption is 20
litres a day (Compare 150 in UK and 600 in US and toilet use in UK)
547 million live without electricity
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Facts….Mostly ‘mono economies’- excessive dependent on
commodity exports and natural resourcesThe least diversified region in the worldBy 2025, one in every 4 young people in the world
will be from sub Saharan Africa72% of the youth population live on below 2$ a dayCost of investment finance and borrowing highest
in the worldOver 39 million children are underweight Nearly 400,000 women die from maternal deaths
yearly
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Facts & …Corruption concernsOver $145 billion leaves the continent every year and
Africa’s political elites hold over $700billion in offshore accounts (AU)
Someone dies of starvation every 3.6 secondsLess than 50% of the population have access to
doctorsOver 80% of farmers are womenPoor infrastructure reduces productivity by over 40% 33% of population have no access to waterOnly 1 in 4 has access to electricity
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Facts…Agric. Sector employs over 65% of populationAfrica uses less than 5% of its annual
renewable fresh waterAccess to improved water supply is world’s
lowestHighest urban population growthBy 2030, almost 700 million will be in urban
citiesAfrica’s small enterprises contribute more
than 80% of output
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Facts &…Over 80% of farmers in Africa are womenOver 23m girls out of schools- world highestOver 100 million women use rudimentary farm toolsSpend 2000 hours a year weedingWomen still face severe cultural barriersContinent with the greatest amount of civil warsCost of exporting and importing a container of goods
is highest in the world- 4 times cost of China30% of its infrastructure needs rehabilitation95% of its hydro power still untapped
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MORE ECONOMIC FACTS
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More facts… the goodAfrica’s economy expanded by 4.7% in 2010
and is expected to grow to almost 6% by 2013Fastest urbanization region in the world- 39.7
in 2005 to 53.5% in 2030Produces over half of the world’s diamondsOver 50% of the world’s goldCollective GDP of $2.6 Trillion by 2020Over 1.1 billion would be of working age by
2030
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Facts….Home of the world’s biggest open markets-
over 3m daily to Nigeria Onitsha marketSix of the world’s fastest growing countries
in past decade ( Economist)Fastest growing middle class in the world- 60
million now and 100 million by 2015Direct Foreign Investment up by 1000% over
past decade ( $55 billion in 2010 alone)Mobile phone revolution- from 50m in 2002
to over 600m users- more than Europe and America)
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Facts…2,375% growth in number of people with access to
the internetHome of richest black person in the world- the $13B
cement king Aliko Dangote ( not Queen Oprah Wimphrey)
Labour productivity on the increaseTrade between Africa and rest of the world
increased by 2000% since 2000Inflation down from 22% in mid 1990s to below 10% Increased privatization and reducing central role of
Government
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Facts…Growing women influenceWomen entrepreneurs own over 25% of registered
businesses in NigeriaManufacturing exports up by almost 10% per year
since 2000Direct Foreign investment projects on the rise- over
$900 billion FDI in 2011 aloneForecast to grow faster than any other region in the
worldGrowing number of billionaires“Land of the low dangling trees”- record high
margins
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DARK & HOPELESS? NO!
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Some unusual facts
Large underground economy- almost two-thirds of the formal economy (Global underground economy around $10 Trillion)
Work is not almighty! People find alternatives
Informal merchants everywhereAnybody can start a business!Extended family social welfare system
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Can investments fight poverty?The African paradox- poverty & splendor side by side
Squandering of riches
Role of Governments- need for new developmental frameworks
Need for greater sincerity of purpose by corporate sector
Call for redefinition of capitalism
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Unleashing the Entrepreneurial Spirit
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Outlook & Conclusion- From Hopeless to Rising
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VIDEOS …playhttp://impactofinformationsystemsonsociety.word
press.com/2012/12/05/how-it-innovation-is-transforming-africa/ FACTS VIDEO
http://youtu.be/5kamlf-uAHU FACTS. DID U KNOW? 1
http://www.youtube.com/watch?v=ELc4dv78G4c AFRICA CITIES BIG. 2
http://youtu.be/vddX4n30sXY KOFI GOAL
http://www.youtube.com/watch?v=_gl_ZDDasAc AFRICA TIME. 3
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References
•http://www.globalissues.org/article/26/poverty-facts-and-statshttp://www.un.org/esa/analysis/wess/wesp2011files/2011wesp_pr_africa_en.pdf
•http://www.africaneconomicoutlook.org/en/outlook/http://www.oecd.org/document/16/0,3746,en_2649_33731_48794320_1_1_1_1,00.html
•http://www.mckinseyquarterly.com/Whats_driving_Africas_growth_2601
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REFERENCES
• http://blogs.hbr.org/cs/2012/03/what_africas_entrepreneurs_can.html
• http://impactofinformationsystemsonsociety.wordpress.com/2012/12/05/how-it-innovation-is-transforming-africa/
• http://www.youtube.com/watch?v=_gl_ZDDasAc
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References
• http://www.bloomberg.com/news/2011-06-28/clinton-tells-envoys-africa-economies-would-fail-without-the-toil-of-women.html
• http://www.liberationafrique.org/IMG/pdf/TJN4Africa.pdf
• http://www.unmillenniumproject.org/documents/3-MP-PovertyFacts-E.pdf http://www.economist.com/node/21541015
• http://www.economist.com/node/21541008
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Thankyou
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Dr Phil OsagieGlobal Strategist of JSP Communications &
specialist on Emerging Markets and Africa
Email: [email protected], [email protected]
Tel: +14167296945, +2348035651565
Web: www.jspcanada.com, www.jspcorporate.com