1st Edition

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

Edited By Fred Olayele, Yiagadeesen Samy Copyright 2023
    268 Pages 19 B/W Illustrations
    by Routledge

    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.


    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 


    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.