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How can African Economies Leverage the Crisis to Spur a New Growth Model
Resilient Africa Week
June 23 @ 11:00 am - 12:30 pm UTC+1
Resilient Africa Week 2020
The Resilient Africa Week is a week-long virtual gathering whereby stakeholders in private and public sector from a variety of industries and disciplines across Africa and Overseas, come together for solution-focused discussion and debate on Africa’s resilience in face of Challenges.
RAW 2020 event brings together some of the best African speakers and industry thought leaders who will share their best advice, lessons learned and strategies in spotting African opportunities during a Crisis. The virtual event would be based on “focused panel session implementation-style” where each panel session is a mini-event. Learn more about other panel session CLICK HERE
Background of Event
Key Discussion Area
Africa is already vulnerable to debt distress risks, is bearing the brunt of this shock to global demand. Three of its six leading economies (Algeria, Angola, Egypt, Morocco, Nigeria, and South Africa, i.e., 65% of the continent’s GDP) are highly dependent on oil (Algeria, Angola, and Nigeria). In the Central African CFA franc zone, countries will undergo a downturn on par with that of 2015-2016, which has renewed fears over a devaluation of the CFA franc like that seen in the second half of 2016.
In light of this, it is critical that countries take the steps to build resilient policies to create competitive economic systems.
It’s important Africa finds a structural response to development challenges as in the medium-term due to coronavirus crisis the continent will continue to be vulnerable to outside shocks as long as it refrains from finding a structural response to its development challenges. A major issue is the low influence of Africa’s involvement in international trade by limiting itself to exporting raw materials to the rest of the world.
This panel is to get Africa, off the ground and stop waiting for the rest of the world to come to its rescue. This panel session is to provide answers on how Africa will be able to lift itself up with its own Growth Model with attributes of its economic independence.
1. Identify and discuss how the pandemic/government lockdown has affected Major Economies in Africa
2.Discuss the opportunity to reshape development in Africa Post Covis-19
3. Discuss the concerns of implementing he African Continental Free Trade Area Agreement (AfCFTA), which commits countries to remove tariffs on 90 percent of goods, progressively liberalize trade in services, and address a host of other non-tariff barriers.
4.Discuss how Africa can find a “homegrown” structural response to development challenges
5.Solutions and recommendations
This is a Pre-Registered Event, please register by filling the form above to get the link to participate.