Skip to content

Publications

The Africa Roundtable N°4

Action Recommendations

The Africa Roundtable N°4

May 2023

The fourth edition of The Africa Roundtable took place in Nairobi on April 28 as part of the prestigious Ibrahim Governance Weekend (IGW). Under the overarching theme of “Global Africa,” the IGW gathered decision:makers from both continents to debate Africa’s position in the world and the interests of global actors on the continent.

While the last roundtable in Dakar in November 2022 was dedicated to joint plans for a just green transition, energy and agriculture following COP27, this time we focused on perspectives arising from global geopolitical shifts. The need for decoupling and diversification sheds a different light on Africa and marks a turning point in European-African economic relations.

Under the credo “Roadmap to Africa,” we have sought sectors where trade and investment relations can be deepened to mobilize private and institutional finance and develop new economic perspectives for Europe-Africa cooperation. Honest and trusting partnerships between Africa and Europe have enormous potential for economic prosperity. However, there are a number of challenges that need to be overcome to ensure that these partnerships are sustainable and mutually beneficial.

  • Geopolitical Change

    Europe should recognize Africa's global importance and the current turning point in its economic history, act accordingly and make better offers in the face of growing competition. The loss of trust between the two continents should be mitigated by honoring (financial) commitments, reviewing frameworks, sharing data and recognizing respective interests. Both sides should move beyond a transactional approach to economic cooperation. Compared to competitors, sustainability could be Europe's global unique selling point.

  • Institutional Challenges

    African governments must ensure through appropriate reforms that economic growth benefits the broader population and reaches people beyond the political and economic elites. Africa should speak with a unified voice on the international stage and further strengthen the pan-African trade and regulatory framework to increase confidence and planning certainty for external actors. Multilateral bodies such as the G7, G20, and financial institutions must give Africa a seat at the table as a full member or a member with greater decision-making power. Europe must acknowledge the adverse impact of the regulatory framework on economic partnerships.

  • Financial Architecture

    The focus of partners on both sides must shift from extracting raw materials to creating sustainable value chains and local production in proven as well as innovative high-tech sectors. Debt servicing and high risk premiums should be offset by credit rating reforms and data sharing to provide African states with access to affordable financing. Foreign direct investment should be encouraged through more public guarantees from sovereigns and development banks. SME finance needs more technical advisory and intermediary capacity to ensure implementation on the ground.

Contact Persons

Stephanie Igunbor, s.igunbor@globalperspectives.org

Supported by

BDI The Voice of German Industry

BDI Bundesverband der Deutschen Industrie

BMZ Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung

BMZ Federal Ministry for Economic Cooperation and Development

Bill & Melinda Gates Foundation

Mo Ibrahim Foundation

IREN Inter Region Economic Network

The Africa Roundtable

The forum for decision-makers on African-European cooperation, which deals with current pressing issues and challenges of the neighbouring continents and develops partnership-based solutions.

Program Archive

Circle
Skills and Mobility
Why Africa’s Youth Is Key in Creating a Win-Win Situation for Europe and the African Continent

Fostering mobility is considered one of the most important solutions to the skills gap on the African continent. We discuss this at the follow-up to the fifth edition of The Africa Roundtable.

Publications
The Africa Roundtable N°5
Action Recommendations

Strategies for education, skill building and the labor market of tomorrow. The action recommendations of the fifth conference.

Podcast
Unlocking Opportunities Through Education
Episode 11

In this episode we are joined by Taha Bawa, Co-founder and CEO of Goodwall, a social enterprise which connects youth to opportunities for skilling, working and social impact.

Publications
How Technical and Vocational Education Can Help Close Skills Gaps in Africa
Research Paper

The research paper on education and training in Africa was issued on the occasion of The Africa Roundtable “The Path to Success: Education, Skills, and Leadership” 2023 in Berlin.

Salon
Restart of Business with Africa
Next Generation in Economic Relations

What will sustainable economic cooperation between Europe and Africa look like in the future? We discussed this with stakeholders from the private sector and tomorrow's leaders.

Conference
The Africa Roundtable N°5
The Path to Success: Education, Skills and Leadership

The fifth edition of The Africa Roundtable focussed on employability, skills and training and examine the possibilities of equal education and training for Africa's youth.

Salon
NewSpace in Africa
Take-Off Flight to Innovation, Exploration, Transformation

With a new space agency and an upcoming space port on the continent, the African space industry is capturing global attention. What does this mean for European-African cooperation?

Salon
If Women Ruled the Health World
Female Leaders for the Development of Sustainable, Resilient Health Systems

Together with partner The ONE Campaign, we will discuss factors that prevent women from taking leadership positions in the health sector at the World Health Summit 2023.

Salon
Leveraging the Economic Potential of the African Continent
Berlin Global Dialogue

Our roundtable during Berlin Global Dialogue discusses opportunities and drivers of economic growth on the African continent, while adressing the main roadblocks.

Newsletter Sign-up

Sign up to the Global Perspectives Initiative's newsletter and stay up to date on our program. You can unsubscribe at any time.

Global Perspectives Initiative
Friedrichstraße 217
10969 Berlin

office@globalperspectives.org
+49 (0) 30 55 57 80 530

The Global Perspectives Initiative (GPI) is a non-profit and independent platform based in Berlin, Germany. GPI works towards enhanced engagement and responsibility for sustainable development by German and European decision-makers and aims to strengthen African perspectives in policymaking.

To this end, GPI regularly brings together decision- makers from politics, business, civil society, academia and media to discuss new approaches, provide new impulses and raise awareness on the common opportunities and challenges the two neighboring continents are facing.

©2024 Global Perspectives Initiative gemeinnützige UG (haftungsbeschränkt)