Sustainable Development in Post-Pandemic Africa

Effective Strategies for Resource Mobilization

Fred Olayele, Yiagadeesen Samy, Fred Olayele, Yiagadeesen Samy

• Publisher: Routledge
• Year: 2022
• Print ISBN: 9781032027609
• eBook ISBN: 9781000755367
• Edition: 1
• Topic: Politics & International Relations
• Subtopic: African Politics
• Index: Politics & International Relations

With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa.

In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world's most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy.

Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs.

Table of contents

• Cover
• Half Title Page
• Series Page
• Title Page
• Copyright Page
• Table of Contents
• List of figures
• List of tables
• List of contributors
• Foreword
• 1 Introduction
• 2 Time for a Reset: Leveraging the Green Transition to Harness Minerals for an African Battery Value Chain
• 3 Nigeria’s and Ghana’s SWFs: It is Raining, But Where Are the Funds?
• 4 Enhancing Gender-Responsive Financing in Africa: A Sustainable Development Perspective
• 5 Redesigning Africa’s TVET to Achieve the United Nations Sustainable Development Goals
• 6 Correcting the Myths
• 7 Repurposing FDI Inflows for Development Finance in Africa
• 8 Rethinking Fiscal Space and Debt Sustainability
• 9 Implementing the African Continental Free Trade Area: A Simple, Scalable, and Fast Computational Approach for Algorithmic Governance
• 10 Revisiting Africa’s Deindustrialization Debate
• 11 Charting the Uncertain Voyage Ahead: The Sustainability and Resiliency Challenges Confronting Africa’s Tourism Industry
• 12 Africa’s Blue Economy as a Development Finance Opportunity: Lessons for Policy Innovation
• 13 Harnessing the Agriculture Value Chain for Development
• 14 Conclusion
• Index