The growth in most African countries
is not sustainable because most African countries relies on donor funding, loans
to fund government programmes and are unable to provide basic needs to majority
of their people. The Economic Report on Africa 2013 stated that “African
countries have a real opportunity, individually and collectively, to promote
economic transformation and to address poverty, inequality and youth
unemployment. They can capitalize on their resource endowments and high
international commodity prices as well as changes in how global production
processes are organized”.
Africa has abundant resources and
needs to use its resources to its advantage, African countries should support
each other and avoid exporting their resources as raw materials. Hence African
countries needs set up manufacturing industries which will add value to African
resources before their exported out of the continent, this will help create
more jobs to millions of unemployed African youth and will make Africa a
self-reliant continent. Trade, unity and support (financial, strategic, human
resource etc.) among African countries should increase by 2025 to make the
African growth more sustainable and inclusive.
Failure to transform has been the main reason why most
African countries still remain fragile to external shocks and high sustainable
growth seem impossible to achieve. Transformation will require these countries
to diversify and industrialize their economies, which can be looked at in terms
of employment, commodities produced, commodities sold to foreign countries. According to Africa-BRICS cooperation report
on Implications for Growth, Employment and structural Transformation in Africa,
“Countries blessed with resource endowments have a duty to themselves and to
other African countries to embark on an industrial strategy aimed at maximizing
backward and forward processing linkages from the commodity sectors.”
Rural-urban migration is another major
challenge facing Africa, hence African countries need to decentralize
development, create more jobs in rural areas, encourage and integrate rural
communities in the mainstream economy without having to migrate. Africa should
invest in initiatives such solar energy, wind energy as alternatives to provide
cheaper, clean and more accessible energy to its people. African countries
should share their resources with each, e.g. dry countries such as Namibia,
Botswana etc. should be able to pump water from the huge water reserve in and
around central Africa (DR Congo, Congo Brazzaville) to use it for farming and
drinking.
African countries
should take charge (become their own masters) and should come up with African
ideas and initiatives to address African problems and challenges with minimal
outside interference in the African agenda. This doesn’t imply that Africa will
not require international (outside) assistance, but suggest that African
development will highly depend on Africans developing their own solutions.
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