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CONSOLIDATING AFRICA’S PROGRESS
Dr. Donald Kaberuka
President of African Development Bank
London
October 6, 2014
Economic Agglomeration
Data
Transformation, Value Chains & Jobs
Macroeconomic Discipline
Managing Disruptive Forces
Opportunities on China vs. Africa Wage Differential
Three I’s ( Infrastructure, Integration, Institutions)
Taking a Long Term View
Content
2
Good progress since the new millennium,
but nothing pre-ordained
If current trends continue
- doubling incomes
- eliminating absolute
poverty possible in 2
decades
But, not everywhere
Ethiopia
- not mineral rich
- doubling digit growth
- poverty down by half to
30%, 1995-2014 3
The Economics of Agglomeration
0
10
20
30
40
50
60
70
80
90
100
110
120
130
140
150
Top 19 African Cities - Population and GDP
City population (2014) in million City Grosss Domestic Product * in billions US$
4
Huge Variations
Island States
Landlocked Countries
Fragile States
Middle Income Countries
Resource Rich
Countries
7
The continent’s 1st “One-Stop Centre” for development data
AfDB OPEN DATA FOR AFRICA
9
Managing Disruptive Forces
TECHNOLOGY
CLIMATE CHANGE
URBANIZATION/SLUMS
YOUTH/ UNEMPLOYMENT
NATURAL RESOURCES
11
6.42 8.03 8.45 11.79 12.25 13.9925.5
0
3
6
9
12
15
18
21
24
Energy Tariffs (Industrial) in Africa (Comparing to China)
Ethiopia Mauritius Kenya Burundi Sudan Rwanda Uganda
China: 7.5-10.7
Energy Costs
14
Doctor
Trained Nurses &Paramedics
Junior Medical Workers
The
Missing
Middle
Technicians
Builders/ Workers
Engineer
17
Natural Resource Backed Infrastructure
Domestic Taxation
Sovereign Bonds
China
ODA
A GAP: $42bn
Raise $50bn
Infrastructure:From a Challenge to
Investment Opportunity
Attract Private Capital
De-risk Projects
Well Project
Preparation
22
This is what we are doing:
Senegal
Dakar Diamniadio
Toll Road
Kenya
50 km Nairobi-Thika
superhighway
Tunisia
Modernization of railways
Uganda-Kenya
Refurbishment and expansion
of a railway across Kenya and Uganda
23
AfDB financed EUR 185m directly,
facilitating EUR 1.3 billion in investment
SenegalFour Major Infrastructure Projects in Two Years
Dakar Container Terminal
Dakar Toll Road
Blaise-DiagneInternational Airport
Sendou Power Project
24
Côte d'Ivoire 1.9 km HKB Toll Bridge, Abidjan
AfDB financed EUR 58m directly,
facilitating EUR 270m in investment 25
De-risking projects
Mobilize Global Pools of Savings
Mobilize Africa’s Savings
Leveraging more bankable projects
Incorporated Africa 50
26
Project
Development
Providing steady deal
flow of well-structured
Projects
Project Finance
Sound investments
generating
commercial returns
Africa50 will operate across the project
life cycle with two main business lines
What is Africa50?A “One-Stop-Shop” Approach
27
Could this be the new model?
Airbus’ dispersed and ‘integrative’ manufacturing – A380
France
Germany
UK
Spain
United Kingdom
Belgium
Source: Airbus & Acha Leke29
75% of Airbus components are manufactured in
different countries in EuropeNOT EXHAUSTIVE
GermanyWing/PylonFuselage and CabinEmpennage/Aft Fuselage
FranceWing/PylonFuselage and Cabin Aerostructures and Industrial Processes
SpainEmpennage/Aft Fuselage
UKWing/PylonEngine
ItalyMaterial partsAerostructures
AustriaWingsMaterial partsAerostructuresMachines and tooling
BelgiumAerostructuresCabin and cargoEquipment and systems
NetherlandsCabin and cargo equipmentAerostructures
SwitzerlandMaterial partsCabin and cargo
IrelandEquipment and systems
Czech RepublicAerostructure
DenmarkSupply chain and spares logistics
30Source: Airbus & Acha Leke
AfDB in Kenya: $180 Million Thika Superhighway
A Masterpiece for East Africa “A National
Pride” – President of Kenya, Mwai Kibaki
Source: The AfDB34
Institutions
Shared Vision
Fairness
Managing diversity
Clean Government
Service Delivery
Accountability
Sound & Predictable
Regulatory Environment
Win-Win Long Term
Business/Govt Relationship36
AfDB’s African Legal Support Facility
“The Go-To Facility for African countries”
Legal
Expertise
Debt
Management
Investment
Agreements
Natural
Resource
Management
37
Infrastructure
Development
Regional
Integration
Private Sector
Development
Inclusive Growth
Governance and
Accountability
Skills and
Technology
Green
Growth
AfDB’s Strategy 2013-2022
41
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