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Esoko

Esoko

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  • 1. Africa’s New Frontier, Canada 4 February 2010 Local direct investment: Bringing African entrepreneurship to life Laura Recuero Virto Economist OECD Development Centre
  • 2.
    • Comprehensive, independent analysis
    • Sh ort-term macroeconomic forecasts
    • Special annual sectorial focus
    Key financial backer Junior partner s Lead partner African think tanks Local consultants Experts Network
    • Economic overview & annual thematic focus
      • 2006: Transport
      • 2007: Water and sanitation
      • 2008: Technical & vocational skills
      • 2009: Innovation & ICT
    • 50 country chapters
    • Statistical annex and indicators
    African Economic Outlook Measuring Africa’s economies since 2001 UNECA
  • 3. ICTs as a tool for African entrepreneurship
    • Fostering human development: education, health
    • Promoting market development: agriculture, payments, trade
    Investment Source : African Economic Outlook 2009
  • 4. Investment ICTs reaching the poor Mobile Telephony 4 out of 10 Africans have a mobile phone line today, 6 out of 10 by 2012! Source : Wireless Intelligence (www. wirelessintelligence.com), 08, African Economic Outlook 2009
  • 5. ICTs also thanks to African investment Investment Source : Wireless Intelligence (www. wirelessintelligence.com), 08, African Economic Outlook 2009 Mobile Telephony And still.. it is innovation in business models that makes Africa unique
  • 6. Innovation Bringing people and markets together in agriculture Source : Does Digital Divide or Provide? The Impact of Cell Phones on Grain Markets in Niger, Jenny Aker, 2008, African Economic Outlook 2009, OECD Development Center, 2009. phoner~1.gif Bakin Birgi (Monday) Zinder (Thursday) Tanout (Friday) Niamey (Sunday) 65 km ~ 3 hours 20 km ~ 1 hour 750 km ~ not accessible Home market Esoko collects price information on crops in local markets and distributes it using SMS and internet to farmers and buyers in 10 West and Central African countries  2 mins  2 mins Farmer in Niger
  • 7. Innovation Enabling compliance
      • Radio tracking systems for cows in Botswana, Namibia and Kenya help avoid the spread of disease and ensure compliance with health & safety regulations for export
      • Enabling African producers to comply with International export regulations
  • 8. Innovation E-trade: Sub-Saharan Africa can benefit the most Time between export’s data transmission to importer’s acceptance shrinks from 30 days to minutes Import and exports Source: World Bank 2009
  • 9. Demographic bank branches Demographic cash machines Mobile phones Innovation Mobile payments for migrants Transaction costs can shrink from 50 % to 5 % when making small payments! % of population Source : Wireless Intelligence (2008), Beck, Demirguc-Kunt and Martinez Peria (2005) Size of distribution networks
  • 10. Innovation Africa pioneer in networks without boundaries Source : African Economic Outlook 2009 Africa is the first continent in the world offering a service enabling any user in a foreign country to send/receive calls and messages at local rates. Zain MTN Safaricom - Vodacom - MTN Forthcoming Networks without boundaries
  • 11. Innovation E-Government: Home grown innovation Source: Expert meeting on Innovation and ICT in Africa , 15 th December 2008, OECD Development Center. Cape Verde: Pushing the innovation frontier Starting from scratch Learning from others’ experience Strong political commitment
  • 12. AEO.org Africa’s economic portal for policymakers
    • The latest developments in Africa’s economies
    • Brings together the data & research from eight years of AEO
    • Interactive database of all AEO data and statistics
    • Complete and updated country notes
    • Promotes original research by African researchers and institutions
    AfricanEconomicOutlook.org
  • 13. Africa’s New Frontier, Canada 4 February 2010 Local direct investment: Bringing African entrepreneurship to life Laura Recuero Virto Economist OECD Development Centre

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