Africa's Development Dynamics 2023: Investing in Sustainable Development

Date

2023-07-07

Advisors

Journal Title

Journal ISSN

ISSN

Volume Title

Publisher

African Union Commission and OECD

Type

Technical Report

Peer reviewed

Yes

Abstract

Africa’s Development Dynamics uses lessons from Central, East, North, Southern and West Africa to develop policy recommendations and share good practices across the continent. Drawing on the most recent statistics, the analysis of development dynamics aims to assist African leaders in reaching the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.

This edition explores how Africa can attract investments that offer the best balance between economic, social and environmental objectives. Its fresh data and analysis aim to help policy makers improve risk assessments, strengthen African-led partnerships, and accelerate regional integration in ways that increase sustainable investments. Two continental chapters examine Africa’s investment landscape and related policy priorities. Five regional chapters offer tailored recommendations in strategic areas including natural ecosystems, renewable energy, climate finance and agri-food value chains.

Africa’s Development Dynamics feeds into a policy debate between the African Union’s governments, citizens, entrepreneurs and researchers. It proposes a new collaboration between countries and regions, focusing on mutual learning and the preservation of common goods. This report results from a partnership between the African Union Commission and the OECD Development Centre.

Description

Africa’s Development Dynamics presents a continent open to the world and towards the future. It uses the lessons learned in the five African regions – Central, East, North, Southern and West Africa – to identify innovative policies and offer practical policy recommendations, adapted to the specificities of African economies. Drawing on the most recent available statistics, this analysis of development dynamics aims to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national, and local. This reference book feeds into a policy debate between the African Union’s nations, citizens, entrepreneurs and researchers and is the result of a partnership between the African Union Commission and the OECD Development Centre. I contributed Chapter 7: Investing in agri-food value chains for West Africa’s sustainable development. This chapter identifies policy options to strengthen sustainable investments in West Africa’s agri-food sector. The sector is chosen due to its large contribution to employment and economic growth in West Africa. The chapter first discusses how investments flow into and out of the region and how they are distributed across sectors and countries (Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo). It then analyses in detail the potentials and limitations of West Africa’s agrifood sector. The chapter concludes with concrete suggestions for West African policy makers on how to attract more sustainable investment.

Keywords

international development, Africa, economic development, sustainable development, policy

Citation

AUC/OECD (2023), Africa's Development Dynamics 2023: Investing in Sustainable Development, AUC, Addis Ababa/OECD Publishing, Paris, https://doi.org/10.1787/3269532b-en

Rights

Attribution-NonCommercial-ShareAlike 4.0 International
http://creativecommons.org/licenses/by-nc-sa/4.0/

Research Institute

Institute for Responsible Business and Social Justice