Sustainable Development in Post-Pandemic Africa : Effective Strategies for Resource Mobilization book cover
1st Edition

Sustainable Development in Post-Pandemic Africa
Effective Strategies for Resource Mobilization

ISBN 9781032027609
Published October 21, 2022 by Routledge
268 Pages 19 B/W Illustrations

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Book Description

With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa.

In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy.

Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs.

Table of Contents


Akinwumi A. Adesina (President, African Development Bank) 

Chapter 1 Introduction

Fred Olayele and Yiagadeesen Samy

Chapter 2 Time for a Reset: Leveraging the Green Transition to Harness Minerals for an African Battery Value Chain

Marit Y. Kitaw and John Robert Sloan

Chapter 3 Nigeria’s and Ghana’s SWFs: It is Raining, But Where Are the Funds?

Matt Gouett

Chapter 4 Enhancing Gender-Responsive Financing in Africa: A Sustainable Development Perspective

Akolisa Ufodike and Susanna Ally

Chapter 5 Redesigning Africa’s TVET to achieve the United Nations Sustainable Development Goals

Titi Olayele

Chapter 6 Correcting the Myths

Andrew S. Nevin, Adunola Bello and Omomia Omosomi

Chapter 7 Repurposing FDI Inflows for Development Finance in Africa

David Oludotun Fasanya

Chapter 8 Rethinking Fiscal Space and Debt Sustainability

Bartholomew Armah

Chapter 9 Implementing the African Continental Free Trade Area: A Simple, Scalable, and Fast Computational Approach for Algorithmic Governance

Craig Atkinson and Joseph Potvin

Chapter 10 Revisiting Africa’s Deindustrialization Debate

Yiagadeesen Samy and Samuel Ojo Oloruntoba

Chapter 11 Charting the Uncertain Voyage Ahead: The Sustainability and Resiliency Challenges Confronting Africa’s Tourism Industry

Fergus T. Maclaren

Chapter 12 Africa’s Blue Economy as a Development Finance Opportunity: Lessons for Policy Innovation

Jean-Paul Adam and Fred Olayele

Chapter 13 Harnessing the Agriculture Value Chain for Development

Mahamadou Nassirou Ba

Chapter 14 Conclusion

Fred Olayele and Yiagadeeden Samy 

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Fred Olayele is Director, Sprott Centre for African Research and Business, Carleton University, Canada, and  Director-General, Pan-African School of Policy Innovation.

Yiagadeesen Samy is Director, Norman Paterson School of International Affairs, Carleton University, Canada.