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Africa Then and Now

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Presentation by Dr. Phil Osagie, Global Strategist JSP Canada Communications Corporation for IDSA02, Experiencing Development in Africa

Presentation by Dr. Phil Osagie, Global Strategist JSP Canada Communications Corporation for IDSA02, Experiencing Development in Africa

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    • 1. Presented at: University of Toronto‘Experiencing Development in Africa’ On: 25 January, 2013
    • 2. Scope of Presentation Introduction Perception and misconception about Africa & Why The Reality check Opportunities in Africa Fighting Poverty with investments The future
    • 3. Current perception about Africa One country! Lions and monkeys…and more animals! Huts everywhere Famine and drought Corruption and autocracy Darkness Guns and wars Inefficiencies and poor infrastructure Malaria, HIV and diseases Diamonds and oil
    • 4. Why the perception
    • 5. WHY? Media agenda ‘Emotional blackmail’ and fund raising communications by donor seekers & Western NGOs Poor information management by African nations Continental corruption The hard facts themselves ‘The law of Repetition and negative reinforcement-“What you hear repeatedly, you will eventually believe.”
    • 6. 60+ FACTS& FIGURES ABOUT AFRICA Africa accounts for 90% of malaria deaths One in six children die before the age of five Measles takes the life of a child nearly every minute Over 12 million children orphaned by HIV Aids (UNICEF) Average water use and consumption is 20 litres a day (Compare 150 in UK and 600 in US and toilet use in UK) 547 million live without electricity
    • 7. Facts…. Mostly ‘mono economies’- excessive dependent on commodity exports and natural resources The least diversified region in the world By 2025, one in every 4 young people in the world will be from sub Saharan Africa 72% of the youth population live on below 2$ a day Cost of investment finance and borrowing highest in the world Over 39 million children are underweight Nearly 400,000 women die from maternal deaths yearly
    • 8. Facts & … Corruption concerns Over $145 billion leaves the continent every year and Africa’s political elites hold over $700billion in offshore accounts (AU) Someone dies of starvation every 3.6 seconds Less than 50% of the population have access to doctors Over 80% of farmers are women Poor infrastructure reduces productivity by over 40% 33% of population have no access to water Only 1 in 4 has access to electricity
    • 9. Facts… Agric. Sector employs over 65% of population Africa uses less than 5% of its annual renewable fresh water Access to improved water supply is world’s lowest Highest urban population growth By 2030, almost 700 million will be in urban cities Africa’s small enterprises contribute more than 80% of output
    • 10. Facts &… Over 80% of farmers in Africa are women Over 23m girls out of schools- world highest Over 100 million women use rudimentary farm tools Spend 2000 hours a year weeding Women still face severe cultural barriers Continent with the greatest amount of civil wars Cost of exporting and importing a container of goods is highest in the world- 4 times cost of China 30% of its infrastructure needs rehabilitation 95% of its hydro power still untapped
    • 11. MORE ECONOMIC FACTS
    • 12. More facts… the good Africa’s economy expanded by 4.7% in 2010 and is expected to grow to almost 6% by 2013 Fastest urbanization region in the world- 39.7 in 2005 to 53.5% in 2030 Produces over half of the world’s diamonds Over 50% of the world’s gold Collective GDP of $2.6 Trillion by 2020 Over 1.1 billion would be of working age by 2030
    • 13. Facts…. Home of the world’s biggest open markets- over 3m daily to Nigeria Onitsha market Six of the world’s fastest growing countries in past decade ( Economist) Fastest growing middle class in the world- 60 million now and 100 million by 2015 Direct Foreign Investment up by 1000% over past decade ( $55 billion in 2010 alone) Mobile phone revolution- from 50m in 2002 to over 600m users- more than Europe and America)
    • 14. Facts… 2,375% growth in number of people with access to the internet Home of richest black person in the world- the $13B cement king Aliko Dangote ( not Queen Oprah Wimphrey) Labour productivity on the increase Trade between Africa and rest of the world increased by 2000% since 2000 Inflation down from 22% in mid 1990s to below 10% Increased privatization and reducing central role of Government
    • 15. Facts… Growing women influence Women entrepreneurs own over 25% of registered businesses in Nigeria Manufacturing exports up by almost 10% per year since 2000 Direct Foreign investment projects on the rise- over $900 billion FDI in 2011 alone Forecast to grow faster than any other region in the world Growing number of billionaires “Land of the low dangling trees”- record high margins
    • 16. DARK & HOPELESS? NO!
    • 17. Some unusual facts Large underground economy- almost two- thirds of the formal economy (Global underground economy around $10 Trillion) Work is not almighty! People find alternatives Informal merchants everywhere Anybody can start a business! Extended family social welfare system
    • 18. Can investments fight poverty? The African paradox- poverty & splendor side by side Squandering of riches Role of Governments- need for new developmental frameworks Need for greater sincerity of purpose by corporate sector Call for redefinition of capitalism
    • 19. Unleashing theEntrepreneurial Spirit
    • 20. Outlook & Conclusion-From Hopeless to Rising
    • 21. VIDEOS …play http://impactofinformationsystemsonsociety.wordpress.co m/2012/12/05/how-it-innovation-is-transforming-africa/ FACTS VIDEO http://youtu.be/5kamlf-uAHU FACTS. DID U KNOW? 1 http://www.youtube.com/watch?v=ELc4dv78G4c AFRICA CITIES BIG. 2 http://youtu.be/vddX4n30sXY KOFI GOAL http://www.youtube.com/watch?v=_gl_ZDDasAc AFRICA TIME. 3 23
    • 22. References • http://www.globalissues.org/article/26/poverty- facts-and- statshttp://www.un.org/esa/analysis/wess/wesp201 1files/2011wesp_pr_africa_en.pdf• http://www.africaneconomicoutlook.org/en/outlook /http://www.oecd.org/document/16/0,3746,en_264 9_33731_48794320_1_1_1_1,00.html• http://www.mckinseyquarterly.com/Whats_driving_ Africas_growth_2601
    • 23. REFERENCES• http://blogs.hbr.org/cs/2012/03/what_africas _entrepreneurs_can.html• http://impactofinformationsystemsonsociety. wordpress.com/2012/12/05/how-it- innovation-is-transforming-africa/• http://www.youtube.com/watch?v=_gl_ZDDa sAc 25
    • 24. References• http://www.bloomberg.com/news/2011-06- 28/clinton-tells-envoys-africa-economies-would- fail-without-the-toil-of-women.html• http://www.liberationafrique.org/IMG/pdf/TJN4 Africa.pdf• http://www.unmillenniumproject.org/documents /3-MP-PovertyFacts-E.pdf http://www.economist.com/node/21541015• http://www.economist.com/node/21541008
    • 25. Thank you
    • 26. Dr Phil Osagie Global Strategist of JSP Communications & specialist on Emerging Markets and Africa Email: emergingmarkets@jspcanada.com, drphil@jspcommunications.com Tel: +14167296945, +2348035651565 Web: www.jspcanada.com, www.jspcorporate.com

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