atf 2016 - african transformational forum - your forum guide

8/19/2019 ATF 2016 - African Transformational Forum - Your Forum Guide

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www.acetforafrica.org

Convene. Strategize. Transform.

The African Transformation Forum 2016: Your Forum Guide

#ATF2016


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African Transformation Forum Kigali Rwanda

African Center for Economic Transformation (ACET)www.acetforafrica.org

The beginning ofsomething greatIt is with great pride that the Government of Rwandawelcomes you to the inaugural African TransformationForum (ATF). Though Rwanda is a small countrygeographically, we have great aspirations, both forourselves, and the continent overall.

We feel strongly that the path towards achieving those goals is

through an unwavering focus on economic transformation.

Rwanda is often cited internationally for transitioning from turmoil

to becoming a consistent top performer globally in indicators such

as business climate, health, education, anti-corruption, women'sempowerment and trust in public institutions, among others.

This has been achieved by following a clear vision, setting priorities,

being systematic about pursuing our goals, and most importantly,

having a visionary leadership to drive implementation of programs. It

is my hope that we will apply the same approach to the issues we will

discuss over the next two days.

Our belief in and commitment to an African-led, collaborative and

cross-stakeholder movement towards transformation is the reason

why we have partnered with the African Center for Economic

Transformation (ACET) to co-host this forum.

As you will see over the next two days, both the ATF and theCoalition for Transformation are designed to provide opportunities

for sustained and dynamic engagement to address some of

the fundamental roadblocks to African countries realizing their

development goals. The Government of Rwanda – because this is

what we ourselves strive for – particularly supports the evidence-

based approach that the ATF and Coalition take towards developing

and implementing policy for a better future.

Despite the excitement about the ‘Africa rising’ narrative, what

is clear now is that unless growth is inclusive and contributes to

greater structural stability, the vast majority of African citizens – and

especially traditionally disadvantaged groups such as the youth,

women and those in rural areas – will continue to be excluded from

the gains enjoyed by the few. It is the task for us who have gathered

here, to demonstrate and translate our political will and collaborative

spirit into actions aimed at making it possible for ALL Africans to thrive.

I encourage everyone here to take full advantage of the brilliant minds

and innovative ideas that you will encounter over the next two days.

We all have the same goal and can benet greatly from peer learning.The ATF and the Coalition for Transformation are the beginning of

something great, but only we who are participating can make it so.

By Claver Gatete

Rwanda’s Minister for Finance

and Economic Planning

The ATF and the Coalition for

Transformation are designed

to ... address some of the

fundamental road blocks to

African countries realizing

their development goals.


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Supporting Economic Transformation (SET) is an

Overseas Development Institute (ODI) programme

supported by the UK Department for International

Development (DFID). The programme aims to promote

economic transformation by providing practical policy

support to country governments and their partners,

including donors and the private sector.

SET’s three core areas of work are:• Country analysis – analytical support for developing

countries and their partners to identify politically

feasible pathways for economic transformation

• Sectoral and thematic work – understanding themes,

including trade or gender, and different sectors,

such as manufacturing and services, important for

economic transformation

• Data portal – bringing together data relevant for the

analysis of economic transformation

SET has collaborated with ACET on background papers

for the ATF 2016 across three themes: public and private

sector collaborations to achieve transformation, promoting

light manufacture for export and facilitating trade and

regional integration.

www.set.odi.org

Contact: Sonia Hoque, SET Programme Manager,

Email: [email protected]

Twitter : @EconTranform

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AdvancingAfrica’s Economic

TransformationFor years we have wanted to convene leading thinkers,policymakers, business leaders, civil society anddevelopment partners to share ideas and collaborateto advance Africa’s economic transformation.

With the inaugural African Transformation Forum (ATF), this has

now happened; and I would like to thank President Kagame for

his unwavering support for the Forum and for his government’s

characteristic eciency in bringing it to fruition.

The ATF advances the mission of the African Center for Economic

Transformation (ACET) to support governments and businesses

to deliver economic transformation for Africa. Since the late

2000s, from the depths of a global nancial crisis to the heightsof an unprecedented economic growth spurt in Africa, ACET has

been calling for a paradigm shift: to go beyond growth towards

transformation!

Our 2014 African Transformation Report articulated that shift

as “Growth with DEPTH”: Diversication of production, Exportcompetitiveness, Productivity increases on farms, in rms, and ingovernment oces, and Technology upgrades throughout theeconomy, all to improve Human well-being.

This forum advances the agenda by moving from the “why“ to the

“how“ and gathering the “who“ – you, who have the knowledge and

position to champion Africa’s transformation.

In answering the question of how to implement the insights that will

be shared while we are here, we conceptualized the Coalition for

Transformation – a network of experts working across sectors and

borders to drive policy and institutional reforms. The Coalition will be

an ongoing mechanism for sharing ideas and best practices, jointly

mobilizing resources for research and implementation, and building

meaningful working relationships. Coalition Chapters will focus

on distinct areas of economic transformation and comprise coremembers with the fundamental knowledge, experience and political will.

Thank you to The MasterCard and Ford foundations, Coca-Cola and

ODI for their kind support for this forum; and the Gates and Hewlett

foundations, the Government of the Netherlands, and the World Bank

for their ongoing support to ACET over the years.

Thank you all for your attendance and commitment to Africa’s

economic transformation.

By K.Y. Amoako

Founder and President African Center for Economic

Transformation

Since the late 2000s,

ACET has been calling fora paradigm shift on Africa’s

development: a call for

African economies to go

beyond growth to transform !


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Time to play it smartNot so many years back, K.Y. Amoako, the President

of the African Center for Economic Transformation(ACET) occupied the same position in the EconomicCommission for Africa (ECA) that I now do; we sharethe same passion for Africa’s economic successand both our organizations are convinced that onlya strategy of radical economic transformation willdeliver the prosperity that Africa needs and deserves

ACET and the ECA are working towards the same ends but our

modes of operation are, of course, dierent. Made up of 54 memberstates, the ECA is one of the UN’s ve regional commissions and

its mandate, in a nutshell, is to promote the economic and socialdevelopment of its member states.

ACET is an independent think-tank focussed on African economic

transformation strategies. Its research and recommendations,

most notably articulated in the African Transformation Report , feed

into the body of knowledge that we at ECA use to develop policy

recommendations and ambitious strategies.

We are all aware that Africa, and indeed the world, is entering into

a new era replete with fresh challenges as well as opportunities.

Climate change is already having a severe impact on the continent

– the recent prolonged drought in Southern and Eastern Africa is

just one example. The slowdown of some emerging markets’ growthparticularly that of China, as well as the collapse of oil, gas and other

commodity prices is also impacting the growth and development

prospects of African countries.

But new opportunities for growth and prosperity are also opening

up: Africa has the potential to satisfy the rapidly increasing global

demand for food; its enormous gas and geothermal discoveries can

provide the aordable and clean energy we need; and its young anddynamic workforce can turn the continent into the globe’s newest

industrial base.

Despite the challenges Africa’s future shall shine – but we have to play

it not only well but also smart. We need expertise, knowledge andthe ability to convert that information into practical, transformative

action. But transformation requires a collaborative eort. ACET andECA will be bridge builders to make that aspiration real.

It is also appropriate that this rst African Transformation Forumshould take place in Rwanda – a country whose own extraordinary

transformation over just two decades, makes it a global icon of hope

courage and determination.

By Carlos Lopes

Executive Secretary

Economic Commission for Africa

We need expertise,

knowledge and the abilityto convert that information

into practical, transformative

action. But transformation

requires a collaborative

efort.

M E S S A G E

African Transformation Forum Kigali Rwand

6 African Center for Economic Transformation (ACET) www.acetforafrica.or


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Promoting inclusivenance and growth

On behalf of The MasterCard Foundation, I would liketo welcome you to the African Transformation Forum.We are proud to be a convening partner in this vitalevent.

This Forum is the brainchild of K.Y. Amoako and the African Center for

Economic Transformation. We thank him for his long-standing service

to advance the continent, and the Government of Rwanda for hosting

this Forum.

We are striving towards a future where all people are able to live and

work with dignity. Despite economic gains in many African countries,far too many people remain excluded from the prosperity of recent

years. This means a vast resource of human ingenuity and talent

remains untapped. Real economic transformation must provide

opportunities for everyone, especially those living in poverty, to

improve their lives.

Weaving a broad narrative about Africa’s economic transformation

will require the leadership and contributions of diverse actors

– governments, private sector, entrepreneurs, civil society

organizations, and citizens. Foundations and other philanthropic

organizations must also play a role.

The MasterCard Foundation has made a signicant and long-termcommitment to Africa. Our partnerships across 29 countries are

educating and developing the next generation of ethical leaders,

preparing young people for the workforce and promoting inclusive

nance and growth, particularly in the agricultural sector. Importantly,we will continue to elevate the views of the poor and ensure the

reality of their lives is visible to leaders and decision-makers.

It is in this spirit of collaboration that all of us have come to the African

Transformation Forum. I look forward to building the relationships and

networks that will help us achieve our shared goals.

By Reeta Roy

President and CEO The MasterCard Foundation

A vast resource of human

ingenuity and talent remainsuntapped. Real economic

transformation must provide

opportunities for everyone,

especially those living in

poverty, to improve their lives.




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Talking pointsAs part of the preparation for theinaugural African Transformation Forum,we commissioned a number of expertsfrom ACET as well as other organizations,to produce a set of background paperson the major issues relating to Africa’seconomic transformation, to guidediscussions during the Forum.

We expect to hear a wide range of perspectives

from various players that together with the

papers, will add to the body of knowledge

that we hope will be translated into policiesand actions which will lead to the continent’s

economic transformation.

Summaries of the papers are presented in the

following pages for quick reference. To view and

download the papers, please visit

www.acetforafrica.org .

Our gratitude goes to the Overseas

Development Institute (ODI) for contributing

their expertise to some of the papers and alsoproviding nancial support for the exercise.Thanks are also due to the World Bank for

writing the paper on nancial inclusion.

8 African Center for Economic Transformation (ACET)


www.acetforafrica.or

T A L

K I N G P O I N T S

BREAKOUT SESSION 1

Youth Skills &Employment

BREAKOUT SESSION 2

Promoting FinancialInclusion

BREAKOUT SESSION 3

Facilitating Trade andRegional Integration

BREAKOUT SESSION 4

TransformingAgriculture

BREAKOUT SESSION 5

Seizing NewOpportunities inManufacturing

BREAKOUT SESSION 6

Managing Extractivesfor Transformation

BREAKOUT SESSION 7

Managing andFinancing EnergyInfrastructure


9/32African Center for Economic Transformation (ACET)



Quality education key to skills upgradeSummary of paper: Developing Youth Skills and Employment by William Baah-Boateng(ACET)

The availability of sucientquality human resource is amajor prerequisite for economictransformation. However, currently, thequality of human resource in Africa ispoor in comparison with other regions.

This is due to several factors: First, thegeneral level of education and skills ofthe Sub-Saharan African (SSA) laborforce is low relative to other regions.While primary level enrolment in theregion has improved and has cometo par up with its comparators, thesame cannot be said for enrolment atsecondary and tertiary levels.

Second, the quality of education is alsolow for several reasons including poor

infrastructure and teaching facilitiesand poorly motivated teachers andsupervision among others.

Third, training in humanities isoveremphasized relative to science,technology, engineering and mathematics(STEM). Fourth, the method of teachingand skill training focuses on examinationsand certication with little or no emphasison practical orientation and case studies.

The education system thereforeproduces students with weak creativeinstincts, poor problem solving aptitudeand an inability to deal with problems inthe world of work.

The non-involvement of industry in thehuman capital development processand the low commitment of policymakers to the promotion of technicaland vocational skills training add tochallenges confronting human capitaldevelopment in the region.

Placing SSA on the path of economictransformation requires a numberof policy actions and changes inorientation.

Areas that need urgent actions include:addressing skills mismatch by bridgingthe gap between industry and training/academic institutions; promotiontechnical and vocational training;tightening supervision and provision ofquality infrastructure; teaching aids andincentives for teacher motivation and ashift from examination and certicationbased training to practical oriented andproblem solving approaches.

A shift from over-production of skillsin humanities to the training of youthin STEM is a much-needed change inorientation.

Transformation requires a larger shift toscience and technology training

BREAKOUTSESSION

1Issues:

How can the quality of basiceducation be improved?

Should secondary educationbe free and compulsory to raise

school enrolment at that level? How can technical, vocational

education training (TVET) beused as an instrument to promoteentrepreneurship for employmentgeneration?

What is the best approach toremoving the negative stigmaoften associated with TVET?

How can the quality of TVET andeconomic incentives in termsof employment prospects beimproved to make it attractive to

the youth?How relevant is the current tertiaryeducation system in the region foreconomic transformation?

How can the imbalance insecondary and tertiary educationbetween humanities and STEM beredressed?

How can the quality of teachingand learning in STEM beimproved?


10/3210 African Center for Economic Transformation (ACET)



Financial inclusion vital for transformationSummary of paper: Access to Finance for SMEs by the World Bank, Ghana oce

T A L

K I N G P O I N T S

There are several aspects ofnancial inclusion, but to accelerateeconomic transformation and reducepoverty, access to aordable nance forSMEs and smallholders is central.

SMEs form 95% of businesses in Africaand account for the majority of new jobs in the non-agricultural sectors.Smallholders account for over 80% offarmers in Africa (about 40% of the totalpopulation).

For these groups, accessing creditremains a major constraint to growth.Data from Zambia shows that while95% of SMEs have bank accounts,only 16% had loans or lines of credit.In addition, virtually all loans requiredcollateral amounting to around 146% ofloan amounts. Banks are also generallyunwilling to lend to the agriculture sector.In Ghana, the share of agricultural loansin the total portfolio of commercialbanks was 6.1% in 2010.

Constraining factors include: lack ofcredit and registration information,diculties in verication of documents,identication and enforcement ofcollateral in addition to low levels ofbusiness skills and training.

Micronance institutions tend to focuson payroll based lending and leasingcompanies lend to SMEs, but for boththe scope is often hampered by a lackof funds.

Smallholders face all the systemic creditmarket biases against SMEs and more.They are unable to oer their land ascollateral because of communal landtenure systems, they are often poorlyeducated, the agricultural cycle tends tobe long and the risks of failure are higherin agriculture.

Women bear the brunt of the systemicbiases due to cultural and historicalbarriers. Increasingly, the youth are alsofeeling the pinch as formal sector jobsfail to expand suciently to absorbthem.

Access to nance remains a major hurdlefor SMEs

BREAKOUTSESSION

2

Issues:

Strengthening Credit InformationBureaus: Banks do not haveenough information to assess SMEcredit-worthiness. Can trainingSMEs on nancial managementand credit information systemshelp?

Secured Transactions Registries:Most SMEs do not have xedassets collateral. Can Secured

Transaction Laws and Registriesfor Moveable Property help?

Bias against women in creditmarkets: What can be done toreduce or eliminate this bias?

Leasing requires no collateralas the underlying leased goodbecomes the collateral. How can itbe made to work better for SMEs?

Warehouse Receipt Systems: Thediscounting of bills receivable canbe a very eective way to facilitatethe ow of money along value

chains. How can these be made towork better?

Partial Credit Guarantee Schemes:How can they work better forSMEs?

Lines of Credit. How canthe amounts be increasedand utilization by SMEs andsmallholders made moreeective?





Unlocking intra-African tradeSummary of paper: Trade Facilitation and Economic Transformation in Africa by JoeAmoako-Tuour (ACET) and Neil Balchin, Linda Calabrese and Maximiliano Mendez-Parra

(ODI)

Trade facilitation can stimulateeconomic transformation in Africaby raising exports, supporting exportdiversication, reallocating resourcesto more productive activities, improvingaccess to cheaper and better-quality imported inputs and enablingparticipation in value chains.

Many African regions have begun toformulate regional approaches to tradefacilitation, and there are importantexamples of particular approachesworking well. The introduction of one-stop border posts (OSBPs) at Chirundu(on the Zambia–Zimbabwe border) andat the Busia border crossing between

Kenya and Uganda have reduced thetime and costs involved in moving goodsacross borders.

The OSBP at Busia has also made iteasier for small traders to cross theborder, giving them access to a widermarket and improving their livelihoods.Similar improvements in border crossingtimes have been recorded along theTrans Kalahari, Maputo Development andNorthern Corridors.

Outside these examples, however, theimplementation of trade facilitationagreements has generally beenproblematic. It remains a challenge totranslate the good intentions expressedin Africa’s regional trade agreementsinto concrete actions towards tradefacilitation.

Better trade facilitation will create largerintra-African markets

BREAKOUTSESSION

3

Issues:

What more can be done toharmonize regional tradefacilitation instruments in caseswhere countries have overlappingmembership in more than one

regional economic community? What are the remaining political

and other impediments to theelimination of the Non-Tari Barriershampering trade ows in Africa?

What can be done to ensureeective implementation of mutuallyagreed protocols, programs orschemes aimed at promoting intra-regional trade in Africa?

Do governments provide enoughspace for engagement with theprivate sector on issues related totrade facilitation?

Why are African countries not jumping to ratify the World TradeOrganization Trade FacilitationAgreement? Is it a governanceproblem? Or is it because of a lackof policy coherence?

Sub-Regional issues:

SADC

How can SADC countries improvecoordination in the managementof regional transit systems?

What should be done to addressconcerns about the potentiallyadverse eects of trade facilitationon local employment, revenuesand the livelihoods of the most

vulnerable?

EAC

How can trade facilitation beimproved in a way that takes intoaccount the varying levels ofcommitment to regional integrationacross EAC member states?

ECOWAS

How can ECOWAS countriesbecome more eective partnersin regional development andintegration processes?

What role can the private sectorplay in regional integration inorder to promote economictransformation?

ECCAS

What are the remaining bottleneckshampering implementation of thefree trade area in the ECCAS region?How can they be addressed?


12/3212 African Center for Economic Transformation (ACET)



First, Transform AgricultureSummary of paper: ‘Modernizing agriculture to power Africa’s economic transformation’prepared by Yaw Ansu (ACET)

T A L

K I N G P O I N T S

Africa has nearly 60% of the world’sarable, uncultivated land and wellover half of those employed in Africawork in agriculture.

Yet the continent spends around $ 35billion per annum on food imports.

The experience of countries that haveundergone their Green Revolutionsshows that rising agriculturalproductivity is central to overalleconomic transformation. How canAfrica replicate this experience?

African agriculture is characterizedby low-productivity in the traditionalsmallholder sector (over 80 %) with

farmers generally uneducated andoperating with little modern inputs orcommercial orientation.

In addition, the large-scale and moderncommercial farm sector is very smalland generally owned by ethnic minoritiesor foreignrms. The ‘missing middle’is made up of struggling small andmedium-sized modern commercialsector owned by nationals. Finally, thereare weak linkages with other sectors and

little domestic processing of agriculturalproducts.

Fortunately, new opportunities can beseized to help address the challenges.What Africa has going for it is abundantuncultivated arable land, a warmclimates allowing year-round cultivation,increasing urbanisation and a growingmiddle class creating demand forfood; and a new determination in thepolicy space, for instance the AU’sCAADP Process and Declarations,and possibilities of using ICT fortechnological leap-frogging.

Vision

Within a generation, African agricultureshould be characterized by:

A smallholder sector with betteraccess to inputs, services, andknowledge to be more productive andresilient;

An expanding SME commercialsector owned by educated youngAfricans;

A Large-scale commercial sector thais in harmony with communities andsmaller farmers;

Better links with manufacturing.

The pay of

Providing sucient food for Africanhouseholds

Maintaining globally competitive wagdue to reduced food costs

Providing reliable inputs to agro-processing industries

Expanding employment and raisingincomes

Greater disposable incomes willincrease demand on goods andservices

Boosting agricultural exports andreducing food imports.

What is required

Raise productivity on farmsIncrease training of farmers

Improve storage, markets and logistic

Improve policy environment formanufacturing of agricultural inputs

Ensure that women share benetsequally

Sustain the environment and respondto climate change.

Agriculture is the bedrock of Africa’seconomic tranformation

BREAKOUTSESSION

4

Issues

How can communal land tenuresystems be reformed?

How to incentivize educated youthto go into agriculture?

What roles should the state play?

What is the scope of public-privatecollaboration?

What should be the role of externalactors, including donors?





Raising the bar on manufacturingSummary of paper: Promoting Manufacturing in Africa by Yaw Ansu (ACET), John Page(Brookings Institution), Margaret McMillan (Tufts University, NBER and IFPRI) and Dirk

Willem te Velde (ODI)

Industrialization, particularly theexpansion and increased sophisticationof manufacturing production andexports, and also the expansion ofmanufacturing employment, remainsan essential part of Africa’s economictransformation. Unfortunately,manufacturing as a share of GDP hasdeclined over the past few decadesin most African countries, although inabsolute terms it is growing.

Even though African countries facedicult challenges in breaking intoworld manufacturing markets, thereare new developments that work intheir favor. These include: rising wages

in China and a rebalancing in Asiaaway from export-led to domestic andregional consumption-led growth;Africa’s growing regional markets; fallingtransport costs; improved access toabundant natural resources; improvingrm productivity and access to globalvalue chains; and improving generaleconomic policy environments.

But governments should not stand aloof;to seize these new opportunities they

will have to formulate and implementcoherent industrial development

strategies. The key elements of suchstrategies must include:

continued improvements inthe basics, including soundmacroeconomic management,improvements in the generalinvestment climate and support forthe private sector, and developmentof public infrastructure and relevantskills

export push, including regional tradeand integration

agglomeration through building and

running ecient SEZs and industrialparks

active FDI promotion and buildinglinkages with local rms

supporting productivity enhancementof local SMEs and their access totechnology and long term nance tohelp them venture into productionof new or technologically moresophisticated products

improved coherence andimplementation coordination withingovernment; and

strengthened consultation andcollaboration between governmentsand the private sector.

Manufacturing remains an essential part ofAfrica’s transformation

BREAKOUTSESSION

5

Issues:

How do countries raise their

focus and commitment tomanufacturing, and develop acoherent strategy to promote it? Inwhat visible forms should this beexpressed?

What key measures can countriestake to improve their FDIpromotion eorts and link the FDIrms to domestic suppliers?

How can the performance of SEZsand industrial parks be improved;should the private sector’s rolein developing and managingSEZs and industrial parks beincreased; how can public-privatecollaboration be increased in thisarea?

How best can the state supportaccess of local SMEs totechnology?

How do we increase access ofSMEs to long term nance; inparticular, how can developmentbanks (and similar institutions)be made more market andperformance oriented; what arethe changes needed in their

governance; what is the scope forpublic-private sector collaborationin improving SME access to long-term nance for manufacturing?


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Is Africa getting local content right?Summary of paper: The Evolving Local Content and Value Addition Landscape in Africa’sExtractive Sectors: Is Africa Getting It Right? by Joe Amoako-Tuour, Edward Brown and

Sarah-Jane Danchie (ACET)

Resource-rich economies in thepast two decades have sought toactively promote local content and valueaddition (LCVA) strategies as the meansto increase the value contribution ofextractive resources to their growth anddevelopment opportunities.

LCVA has now entered the agendas ofmost resource-rich economies. At thecore is the requirement for investorsto expand employment opportunities,invest in local supply chains and promotelocal procurement of inputs, open equityto local partners, use local nancialinstitutions, encourage technologytransfer and stimulate broad-basedgrowth of the non-resource sectors.

LCVA could provide a winning formula forall. An ecient, competitive local suppliermeets the needs of industry, expandslinkages, opens up opportunities forsuppliers further downstream, creates jobs at home, and oers opportunitiesfor local management and ownership.LCVA strategy has taken on dierentforms with varying emphasis acrosscountries. Businesses have respondedwith caution.

In a paper published in 2011, ChrisHanlin, of Social Business Solutions,asked whether the drive to increaselocal content is a myth or reality. A2012 study by Morris and others, OneThing Leads to the Other , observed thatexperiences with linkage developmenthave been mixed and modest. In its 2013Economic Report on Africa, the UNECAobserved that some governments havenot adopted linkage policies; othershave had not followed through withmeasures to support skills development,local enterprise developments, andtechnological capabilities.

The missing drivers were thecompetitiveness of domestic rms and

the eectiveness of government policy.Recently, Africa Practice and PinsentMasons sought to address the question:“Are local content policies eectivein achieving national developmentobjectives, and how should investorsapproach national participation?” Theyconcluded that “local content is hereto stay and … companies that fail torecognize the evolving investmentreality will fall quickly behind.”

For SSA, the emerging evidencehas already opened up a number ofcompelling questions. Broadly, Is Africagetting it right? And more specically,

Against the reality that the size ofnational markets of resource-richsub-Saharan Africa are comparativeltoo small and country endowmentsmay not be enough to supportsustained and substantial industrialactivities, when does country local

content development make sense?How can greater regional integrationleverage Africa’s natural resources foresource-based growth and economtransformation?

Are there aspects of local content thshould receive greater attention thanothers? Or that are best managedthrough legislation, administrativemeasures, or are best left to industryguided by policy incentives? Arerequirements and regulations alonesucient to achieve desired development objectives? If not, what else are

needed?

Is the lack of country developmentplans and coherent industrial policiesundermining Africa’s quest forecient local content and value-addition development?

Are the recent commodity pricedeclines an incentive or deterrent tovalue addition strategies?

What role can regional developmentbanks play in nancing extractivesdevelopment and optimizing valueaddition opportunities?

Have governments failed in managingpublic expectations around what locacontent could do?

Local content and value additioncould provide a winning formula for all

BREAKOUTSESSION

6




T A L

K I N G P O I N T S


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Power is the keySummary of paper: Propelling Africa’s Energy System Forward for EconomicTransformation’ by Joe Amoako-Tuour and Maame Esi Eshun (ACET)

Over half of Africa’s population lacksaccess to basic electricity and cleancooking facilities, and the numbersare rising with population growth andurbanization. For most of sub-SaharanAfrica (SSA), electricity generationis limited and often relies on a singlesource, which in most cases is non-renewable. A signicant amount of whatis generated is often lost in transmissionand distribution.

Access does not always guaranteeavailability; erratic blackouts and loadshedding means businesses must relyon diesel powered generators, whichalone increases the cost of doing

business. And the climate impacts ofmost current energy sources and use are judged most severe in SSA compared toother regions of the world.

Therefore, tackling Africa’s energyproblems is a central part of economictransformation if the vision of the ‘AfricaWe Want’ (Agenda 2063), among othercontinental development initiatives, is tobe realized.

The paper mentioned above seeks toopen up the landscape for broad-based

discussion over the constraints ofavailability, access and sustainability ofpower sector, about how to acceleratepositive action and about the scope ofpublic policy.

The good news is that Africa is beginningto see a real momentum towards closingAfrica’s power gap. This involves severalregion-wide initiatives including: TheUN’s Sustainable Energy for All Africa(hosted by the African DevelopmentBank), Power Africa (2013) coordinatedby USAID, African Development Bank’sNew Deal on Energy for Africa (2015),

UK’s Energy Africa Campaign (2015),the EU’s Electricity Financing Initiative(2016), and the African Energy LeadersGroup.

These initiatives set out to improveaccess to electricity across SSA whileminimizing the carbon footprints of fossilfuel dependency. The primary focus ison the rural populations who least canaord full cost recovery pricing of gridelectricity consumption.

Creating an eective, accessible andsustainable energy environment in Africarequires signicant investments. Theinitiatives outlined above complementeach other by attracting and makingavailable the needed investmentsinto the power sector – particularly inscaling up o-grid roll-out programs andrecourse to renewable sources of energy.

There is a clear emphasis on public-private partnerships as key instruments

in both closing the power gap andbuilding the capacity to evolve intorenewable technologies. Privatization,innovative public-private partnershipsand how to accelerate regional powerplans are recurring themes. All deserveattention.

Public-private partnerships areessential in closing Africa’s power gap

BREAKOUTSESSION

7

Issues:

Is privatization the solution toAfrica’s energy problems?

If public action is required, whatshould be the scope of public-private partnership?

What ought to be the role ofgovernment in shaping the futureof Africa’s power sector?

Should there be some minimumthreshold of government inshaping the future of Africa’spower sector?

Are regional power pools the beststrategy to addressing Africa’senergy challenges?

What role should regional andcontinental development banksplay?


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08:45-09:30Opening SessionClaver Gatete, Minister of Finance and Economic Planning,Republic of Rwanda, will chair the opening session. Speakerswill be K.Y. Amoako, President of the African Center forEconomic Transformation, and Carlos Lopes, ExecutiveSecretary of the United Nations Economic Commissionfor Africa.

08:00-08:45 Registration

09:30-09:45Convening Partners’ RemarksWelcoming remarks from our Convening Partners, ReetaRoy, President and CEO of The MasterCard Foundationand Darren Walker, President of the Ford Foundation.

09:45-11:15Plenary I:Creating National Transformation Strategies

The most important foundational element to successfultransformation is devising a coherent medium and long-

term strategy that is nationally owned and widely informedby all stakeholders. But how do countries go about creatingthese national strategies? Who should be involved? Howis consensus gained and support built? This session willexplore the best ways and processes for governments toproduce a transformation plan that establishes a vision, setspriorities, and encourages engagement from the privatesector and civil society.

Moderator:

Lanre Akintola, Editor, African Business magazine

Invited Panelists:

Mona Quartey, Deputy Minister of Finance, Republic of Ghana

Neway Gebreab, Economic Advisor to the Prime Minister andExecutive Director, Ethiopian Development Research Institute

Makhtar Diop, Vice President for Africa, The World Bank

Ibrahim Mayaki, CEO, New Partnership for Africa’sDevelopment (NEPAD)

Nkosana Moyo, Founder and Executive Chair, MandelaInstitute of Development Studies

12:00-13:30Breakout 1:

Developing Youth Skills and EmploymentAfrica has the fastest rising youth population in the world,creating a workforce that is expected to be younger andlarger than that of China or India by 2050. The implicationsof this trend for the labor market are enormously promising,if the skills match the jobs available; alarming if not. Thissession will explore dierent ways in which countries couldinvest in Africa’s youth to develop skills, create productive jobs, and retain future generations of African talent.

Moderator:

James Mwangi, Executive Director, Dahlberg Group

Invited Panelists:

Patrick Awuah, Founder and President, Ashesi University

Amini Kajunju, President and CEO, Africa-American Institute

Steve Cumming, Manager of Learning, The MasterCardFoundation

Solomon Assefa, Director, IBM Research – Africa

Kelvin Balogun, President, Coca-Cola Central, East andWest Africa

12:00-13:30Breakout 2:

Promoting Financial Inclusion

Africa’s small enterprises and farmers need the right nanciatools to expand production, adopt innovations, embracetechnology, and propel transformation. This session willfocus on ways in which the public and private sectorscan increase access to aordable nancing and essentialservices such as savings, credit, and insurance for those whneed it the most.

Moderator:

Yvonne Okwara, News Anchor/Producer, KTN

Invited Panelists:

John Rwangombwa, Governor Central Bank of Rwanda Amolo Ng’weno, East Africa Regional Director, Bankable

Frontiers Associates

Henry Kerali, Country Director for Ghana, Liberia and SierraLeone, World Bank

Louis Otieno, Director, 4Afrika Initiative, Microsoft

Mawuli Ababio, Director and Partner, PCP Capital Partners

11:15-11:45Keynote Address

A special Guest of Honor will deliver the forum’s keynoteaddress.

African Transformation ForumMarch 14-15, 2016Serena Hotel, Kigali, Rwanda

DAY ONE: MARCH 14, 2016



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12:00-13:30Breakout 3:Facilitating Trade and Regional Integration

An integrated regional market that facilitates trade wouldopen new windows of opportunity to African enterprisesand spur them to boost production and hire workers not tomention attract more foreign direct investment. This sessionwill oer lessons in how successful facilitation includingreforming customs policies and procedures and other border

roadblocks enables transformation. Also, it will identifystrategies to hasten progress on current African initiatives.

Moderator:

Eveline Herfkens, former Minister of DevelopmentCooperation, The Netherlands

Invited Panelists:

Valentine Rugwabiza, Minister of East African Community,Republic of Rwanda

Richard Newfarmer, Country Representative, InternationalGrowth Centre

Richard Sezibera, Secretary General, East AfricanCommunity

Witney Schneidman, Nonresident Fellow, Africa GrowthInitiative, Brookings Institute

Matthew Rees, Deputy Coordinator, Trade Africa, USAID

14:30-15:00Featured Address:

The AfDB and Africa’s Transformation

As the continent’s premier nancial development institutiothe African Development Bank occupies a unique placeat the intersection of transformation policy, nance, andimplementation. AfDB President Akinwumi Adesina willdeliver a featured address on the Bank’s critical role inensuring that African transformation initiatives secure

the resources and support they need to be carried outsuccessfully.

15:00-16:30Plenary II:

Implementing National Transformation Strategies

Creating a national plan that ows from broader goalsand objectives is just the beginning of a transformationprocess. The next step – how a country goes aboutallocating its resources – is of equal importance. Thissession will follow the format of Plenary I, with practitioners

sharing strategies for implementation and explaining howinstitutional arrangements are determined and how keystakeholders come together such as through formal plannicommissions and public-private sector alliances to budgetcoordinate, and carry forward its national plan.

Moderator:

Yvonne Okwara, News Anchor/Producer, KTN

Invited Panelists:

Francis Gatare, CEO, Rwanda Development Board

Emmanuel Nnadozie, Executive Secretary, African CapacityBuilding Foundation

Dirk Willem te Velde, Head, International EconomicDevelopment Group, Overseas Development Institute

Michael Chege, former Policy Advisor, Treasury and NationaEconomic and Social Council, the Republic of Kenya

12:00-13:30Breakout 4:Transforming Agriculture

A more modern, ecient, and productive agriculturalsector oers Africa its most immediate pathway to povertyreduction, and it also oers many countries their most

immediate pathway to transformation. This session will focuson how to modernize African agriculture and, in the process,drive transformation by creating new platforms for expandedindustrialization and new jobs along the value chain fromfarms to factories to logistics and more.

Moderator:

Yaw Ansu, Chief Economist, African Center for EconomicTransformation

Invited Panelists:

Dina Umali-Deiniger, Practice Manager for East Africa,The World Bank

Alemayehu Konde Koira, Program Manager, Economic

Opportunities for Youth/Agriculture, The MasterCardFoundation

MD Ramesh, President and Regional Head, South and EastAfrica, Olam

Dede Amanor Wilks, Development Specialist/Consultant,Economic Commission for Africa

Kenneth Quartey, Managing Director, Sydal Farms

13:30-14:30 Lunch

16:30-16:45 Closing Remarks

17:00 Cocktail Reception


Convening Partners


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09:00-10:30Plenary III:Mobilizing and Utilizing Resources for Transformation

As Africa’s investment needs and opportunities haveevolved in recent decades, so have its primary sources ofdevelopment nancing. ODA is declining, and while newpartners like China and Brazil have emerged, philanthrophiesand global foundations are playing a greater role than everin addressing issues at the core of inclusive growth andpoverty reduction. Moreover, as espoused in the AU Agenda2063 there is a greater recognition that domestic resource

mobilization be the principle means for nancing Africa’seconomic transformation. This session will explore innovativeways to prioritize and mobilize domestic resources fortransformation, as well as the most eective ways to channelboth domestic and external resources to ensure maximumimpact.

Moderator:

Lanre Akinola, Editor, African Business magazine

Invited Panelists:

Antoinette Sayeh, Director, Africa Department, InternationalMonetary Fund

Jean-Louis Sarbib, CEO, Development GatewayEd Brown, Director, Advisory Services, African Center forEconomic Transformation

Haddis Tadesse, Deputy Director, Bill & Melinda GatesFoundation

10:45-12:15Breakout 5:Seizing New Opportunities in Manufacturing

Can Africa become the world’s next great manufacturinghub? With abundant labor, available resources, and attractiveinvestment climates, the opportunity is there. Yet in 2010, theregion’s average share of manufacturing value added in GDPan indicator of diversity in production was less than 10%,much lower than the 25% seen in earlier transformers. This

session will examine the prospects, constraints, and realisticopportunities in manufacturing for African countries as theyattempt to follow in the footsteps of Asia and other successstories.

Moderator:

Tony Oteng-Gyasi, former President of the Association ofGhana Industries, and Managing Director and Chairman ofTropical Cable and Conductor Ltd

Invited Panelists:

François Kanimba, Minister of Trade and Industry, Republic oRwanda; former Governor of the Central Bank of Rwanda

Phyllis Wakiaga, CEO, Kenya Association of Manufacturers

Yaw Ansu, Chief Economist, African Center for EconomicTransformation

10:45-12:15Breakout 6:Managing Extractives for Transformation

Africa’s abundant mineral, oil, and gas resources can boostGDP, but how do they support sustainable development anddrive economic transformation? By creating stronger linkageacross a country’s broader economy such as stimulatinggrowth in local employment, industrial development, andentrepreneurship. This session will explore the best policiesand practices to develop local content and value addition sothat extractive resources are maximized.

Moderator:

Ibrahima Cheikh Diong, Founder and Chief Executive OcerAfrica Consulting and Trading

Invited Panelists:

Evode Imena, Minister of State for Mining, Republic of Rwand

Kojo Busia, Senior Mineral Sector Governance Advisor,Economic Commission for Africa

Sheila Khama, Director, Africa Natural Resources Center at

African Development Bank

Joe Amoako-Tufour, Director of Research, African Center foEconomic Transformation

Tutu Agyare, Non-Executive Director, Board of Directors,Tullow Oil

08:45-09:00 Opening Remarks

10:30-10:45 Cofee Break


African transformation forumMarch 14-15, 2016Serena Hotel, Kigali, Rwanda

DAY TWO: MARCH 15, 2016


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10:45-12:15Breakout 7:Managing and Financing Energy Infrastructure

Infrastructure remains a major constraint to transformation,and perhaps no constraint is more pronounced thanelectricity – the demand for power is set to rise vefold by2040. Priority regional projects identied by the Programfor Infrastructure Development in Africa would substantiallyboost power access, but what will it take to nance and

manage such large-scale investments? This session willexplore how public-private partnerships hold the key toadvancing Africa’s power infrastructure needs at both thenational and regional levels.

Moderator:

David Ofosu-Dorte, Senior Partner, AB & David

Invited Panelists:

James Musoni, Minister of Infrastructure, Republic of Rwanda

Kwabena Donkor, former Minister for Power, Republic ofGhana

T.J. Zhai, CITIC Construction

Mark Carrato, Chief, Oce of Economic Growth and PowerAfrica, Kenya Team Leader

13:15-13:45Featured Address:DfID and Africa’s Transformation

The United Kingdom is one of the continent’s longest-

standing development partners, and as such, DfID DirectorGeneral for Economic Development David Kennedy willshare the UK’s commitment and vision for economictransformation in Africa, initiatives the UK believes couldpropel transformation, and the role of governments, privatesector rms and individuals, foreign investors, civil societyand development partners.

13:45-15:00Plenary IV:Young Entrepreneurs: Key Drivers of Transformation

One of the most promising developments of the past decadeis the increased attention and support through foundations,investors, and media exposure given to Africa’s rising crop ofyoung entrepreneurs, the lifeblood of the continent’s future.That’s because transformation requires that the private sectorlearn and master new technologies, break down barriers, andtake bold but informed risks. In this session, Ibrahima CheikhDiong will dialogue with a panel of young African entrepreneurswho will share their innovations, ideas, and aspirations forgrowing African enterprises while supporting transformationgoals.

15:15-16:45Closing Session:

A Coalition for Transformation

National transformation strategies and policies shouldbe specic to country circumstances including resourceendowments and capabilities. But it is also true that mostAfrican countries face similar challenges in framing andimplementing their transformation strategies for inclusivegrowth and towards meeting the Sustainable Development

Goals. In this circumstance, peer-to-peer learning andknowledge sharing around what works and doesn’t work iscritical.

In of this closing session, we wil l introduce the Coalitionfor Transformation in Africa – a new leadership networkorganized in chapters, each focused on a specic issuecovered during the previous forum sessions. Comprised oflike-minded country representatives and other stakeholderwith relevant experience and knowledge, these chapters witake the lead in promoting policy and institutional reforms tdrive transformation. Chapters will report back at subsequeAfrican Transformation Forums, sharing their progress andensuring that the ATF becomes the premiere results-orient

event at the continental level in pursuit of transformation.Reports from some of the breakouts will be shared followedby a panel discussion on the Coalition, moderated byYvonne Okwara.

Co-Chairs:

Claver Gatete, Minister of Finance and DevelopmentPlanning, Republic of Rwanda, K.Y. Amoako, President, AfricCenter for Economic Transformation

Selected breakout session reports

Panel discussion on the Coalition for Transformation inAfrica

The African Center for Economic Transformation (ACET)www.acetforafrica.org

12:15-13:15 Lunch

16:45-17:00 Closing Remarks

17:00 Cocktail Reception

Convening Partners


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SPEAKERS/

MODERATORS

Mawuli Ababio is an investment banker withover 25 years’ experience in structuringprivate equity and project nancingtransactions in Africa. He is currentlyDirector and Partner of PCP Capital Partners,Mauritius, Non-Executive Chairman ofBullion Investment Group, Ghana, Director,Gold Fields Ghana Limited, Director, Abosso

Goldelds Limited, Director, Leasafric

Ghana, and a Director of the Swiss–GhanaianChamber of Commerce. He began hisinvestment banking career in 1984 as ananalyst with SIFIDA Investment Company,Switzerland, with responsibility for thecompany’s investments in North, East andSouthern Africa. He is uent in English andFrench.

Tutu Agyare is the Managing Partner atNubuke Investments, an asset managementand advisory rm based in London andfocused solely on Africa. He previouslyworked with UBS Investment Bank, mostrecently as the Head of European Emerging

Markets. His focus over the past 20 yearshas been a return to his roots and all thingsAfrican. He has a very strong network ofAfrican relationships, both at the governmentand business level, and advises corporateson business strategy and governments onpolicy. He has a BSc in Mathematics andComputing from the University of Ghana andwas voted one of the ‘100 Most InuentialAfricans’ by New African magazine.

Akinwumi Adesina is the President ofthe African Development Bank (AfDB). Hepreviously served as Nigeria's Minister ofAgriculture and Rural Development. Dueto his depth of experience in creatingand implementing eective developmentprograms, he was selected by the UnitedNations Secretary General, Ban Ki-moon,as one of 17 Global Leaders helping to

achieve the Millennium Development GoalsHe holds a Master's degree (1985) andPhD in agricultural economics (1988) fromPurdue University, USA, where he won theoutstanding thesis award for that year.

Mohammed Amin Adam is the ExecutiveDirector of the Africa Centre for EnergyPolicy (ACEP). Before joining ACEP, hewas the coordinator of Ibis’s extractivesindustries program in Africa. He has alsoworked as the Oil Coordinator of PublishWhat You Pay Ghana. He holds a PhD fromthe University of Dundee specializing in scalpolicy options in resource-rich economiesand an MPhil (Economics) and BA (Hons)in Economics from the University of CapeCoast, Ghana.

Lanre Akinola is the Editor of AfricanBusiness magazine published by the London-based IC Publications. African Business willsoon be celebrating its 50th anniversary, atestament to its sustained relevance andpopularity in Africa over the decades. It

has won several international awards, oftenbeating global publications such as TheEconomist and the Financial Times in theprocess, and has made the nal nomination

cut more often than any other represetativeof the African-oriented media. Akinola isformer editor of This Is Africa, published byFinancial Times Ltd, has worked with theBloomberg Media Initiative Africa, and was a2014 Desmond Tutu Leadership Fellow.

Mawuli AbabioPCP Capital Partners

Tutu AgyareNubuke Investments LLP

Akinwumi AdesinaAfrican Development Bank

Mohammed Amin AdamAfrica Centre for Energy Policy

Lanre Akinola African Business magazine




Dede Amanor-Wilks is a developmentspecialist and currently works as aconsultant to the UN Economic Commissiofor Africa. She is Vice President of theAssociation of African Women for Researchand Development’s Ghana chapter. She

was formerly ActionAid’s internationaldirector for West and Central Africa, basedin Nairobi, and director of the Inter PressService regional center for Africa, basedin Harare. Prior to that she was East Africaand later Francophone Africa editor for

Africa Economic Digest magazine in LondoDede Amanor-Wilks holds an MPhil ineconomic history from the London School oEconomics, where she taught the foundatiocourse in economic history.

Dede Amanor-WilksDevelopment specialist


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Joe Amoako-Tufour is currently theDirector of Research at the African Centerfor Economic Transformation (ACET) and theSenior Advisor providing overall strategicdirection for ACET’s extractive resourcesprogram. As advisor to Ghana’s Ministry ofFinance in 2001–2003, he played a lead rolein developing the multi-donor budgetary

support framework and was also responsiblefor inter-ministerial coordination on aiddelivery. In 2009–2011, he played a leadrole in the preparation of Ghana’s PetroleumRevenue Management Act and subsequentreview of the Act. He has taught at St FrancisXavier University, Canada, and holds a PhDin Economics from the University of Alberta,Canada.

Patrick Awuah is the Founder and Presidentof Ashesi University College, a private, not-for-prot institution with a reputation for

innovation and quality education in Ghana.He holds bachelor degrees in Engineeringand Economics from Swarthmore College,an MBA from UC Berkeley’s Haas Schoolof Business and honorary doctorates fromSwarthmore College and Babson College.He has won many prestigious internationalawards including the MacArthur Fellowship,the McNulty Prize and Membership of theOrder of the Volta – one of Ghana’s highestawards. In 2015, Patrick was named one ofthe World’s 50 Greatest Leaders by Fortune magazine. He is on the Advisory Committeeon Voluntary Foreign Aid of USAID.

Solomon Assefa is currently the Directorof IBM Research – Africa in South Africa. Heleads the lab by dening strategy, executing

R&D projects, hiring top-notch scientistsand fostering an innovation ecosystem. Thelab is advancing science and developingbreakthrough technologies by gatheringexperts in decision analytics, articial

intelligence, internet-of-things, human-computer interaction, cloud computing, andother domain-specic and interdisciplinary

elds. He was named one of the World’s TopYoung Innovators under 35 and received theTR35 awarded by MIT’s Technology Review(2011). His work has been featured in TheWall Street Journal , Forbes, TechnologyReview , EE Times, IEEE Spectrum and BBCNews, among many other sources.

Kelvin Balogun is the President for Coca-Cola Central, East and West Africa (CEWA).Headquartered in Nairobi, Kenya, CEWAcovers 30 countries spanning Nigeria, EastAfrica, West Africa, Mid-Africa, the Hornregion and Islands. He joined The Coca-ColaCompany in October 1999 as StrategicPlanning and Business DevelopmentManager for Coca-Cola Nigeria. In 2002he moved to East Africa and in 2011 hebecame Managing Director for Coca-ColaNigeria Limited, a position he held until hiscurrent role. He holds an MBA from theGoizueta School of Business at EmoryUniversity in Atlanta, and a Bachelor’s degreein Metallurgical and Materials Engineeringfrom Obafemi Awolowo University in Ile-Ife,Nigeria.

Joe Amoako-TufourAfrican Center for EconomicTransformation (ACET)

Patrick AwuahAshesi University College

Solomon AssefaIBM Research

Kelvin BalogunThe Coca-Cola Company

African Center for Economic Transformation (ACET)



K.Y. Amoako began his career in 1974 atthe World Bank, quickly rising to becomeDivision Chief for Country Programs inthe Africa Region and Division Chief forSector Programs in Latin America and theCaribbean. He was Director of the Bank'sEducation and Social Policy Department from1992–1995, going on to become ExecutiveSecretary of the UN's Economic Commissionfor Africa (ECA) from 1995–2005. In additionto a degree from the University of Ghana, heholds a PhD in Economics from the Universityof California, Berkeley. He holds the honorarydegrees of Doctor of Laws from Addis Ababa

University and Doctor of Letters from the

Kwame Nkrumah University of Science andTechnology, Ghana.

K.Y. AmoakoAfrican Center for EconomicTransformation (ACET)

Edward Brown is the Director of PolicyAdvisory Services at ACET. He has morethan 27 years’ experience in internationaldevelopment and public policy at the WorldBank. He has worked extensively in Africa,

Eastern Europe, and Central Asia. He startedout in the early 1980s as a researcher in theDevelopment Research Department at theWorld Bank, going on to overall leadershipand management of country programsand policy dialogue. His main interests arein public policy, development strategies,aid management and post-conict socio-economic recovery and development. Heholds a PhD and MA from the University ofPennsylvania.

Edward BrownAfrican Center for EconomicTransformation (ACET)


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Steve Cumming is responsible for YouthLivelihoods projects at The MasterCardFoundation, with focus on vocational skillsand informal employment. He is also the focalpoint within the Foundation for the YouthThink Tank. Before joining the Foundation,Steve was the International ProgramsDirector at Youth Challenge International,where he managed projects in East andWest Africa. Prior to that he worked in SouthSudan, Angola and Sierra Leone, where hewas responsible for program implementationand sta development. He has a Master’s inPost War Reconstruction and Developmentfrom the University of York, a Master’s inSocial Work from Carleton University anda PhD in Economics from the University ofAlberta, Canada.

Ibrahima Cheikh Diong is the Founderand CEO of Africa Consulting and Trading(ACT). He was previously the senior Africaadvisor of BNP Paribas for over three years.Prior to that, he held senior positions in thegovernment of Senegal. He has also been aa regional Africa Director at the World Bank

and Director at the International FinanceCorporation (IFC). He holds a Master’sdegree in International Aairs specializedin Public Policy, International Finance andEnvironmental Policy Management fromColumbia University in New York City.

Makthar Diop is Vice President for Africaat the World Bank. Before joining theWorld Bank, he worked at the InternationalMonetary Fund, focussing on the CentralAfrican Republic. He also served as Ministeof Economy and Finance of Senegal. In 201Jeune Afrique named him "one of the 50most inuential Africans." Diop completedhis graduate studies in economics at theUniversity of Warwick and the Universityof Nottingham (UK), in Macroeconomicsand Econometrics. He also holds a FinanceDegree from the Ecole Supérieure Libre

des Sciences Commerciales Appliquées(ESLSCA), France.

Steve CummingThe MasterCard Foundation

Ibrahima Cheikh DiongAfrica Consulting and Trading

Makhtar DiopWorld Bank

SPEAKERS/

MODERATORS

Mark Carrato is the Chief of USAID'sKenya and East Africa Oce of Economic

Growth, and is the US Embassy Kenya PowerAfrica Team leader, managing PresidentialInitiatives in Feed the Future and PowerAfrica as well as programs in water andsanitation, resilience, nance and innovation.

He has served as Acting Director/DeputyDirector of the USAID Oce of Economic

Growth and Transformation in Ethiopia,where he negotiated and implementedthe G8 New Alliance for Food Security andNutrition. He also led strategic oversightand implementation of the USAID mission'sapproximate $1 billion agriculture portfolioin Afghanistan and has served with USAID inColombia and Pakistan.

Michael Chege is currently teachingpublic policy and the political economy ofinternational development at the Universityof Nairobi, after serving for a decade as theUNDP policy advisor at Kenya’s Treasuryand at the National Economic and SocialCouncil, an advisory body to Kenya’s cabineHe served as the chair of the technicalcommittee charged with drafting the KenyaVision 2030 between 2006 and 2008 aswell as other policy papers. Prior to that, hewas Professor and Director of the Centerfor African Studies at the University ofFlorida at Gainesville, and Chairman of theAfrica Committee of the US Social ScienceResearch Council in New York.

Kojo Busia is the Acting Coordinator ofthe African Mineral Development Centre(AMDC). He also leads the Governance andParticipation team under the African MiningVision, an African Union mining agshipfor sustainable development. He led theAMDC in the design and developmentof the Country Mining Vision Guidebook which is now being rolled out in a number ofAfrican countries. He spent nearly a decadeleading the UN Economic Commission forAfrica's support to the African Peer ReviewMechanism. In this role he facilitated theadoption of the Peer Review Mechanism asthe major framework for addressing naturalresource governance challenges in Africa.

Mark CarratoUSAID

Michael ChegeUniversity of Nairobi

Kojo BusiaAfrican Mineral Development Centre(AMDC)





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Cristina Duarte has 30 years of professionalexperience, most of which is in leadershipand senior management positions in bothgovernment and in the private sector.She has been serving Cape Verde as theMinister of Finance, Planning and PublicAdministration since 2006. Over herdistinguished career, she has developedstrong leadership and strategic managementskills, played an instrumental role in publicpolicy making and in the private sector,and she has been involved in numerousinternational programs representing CapeVerde or the private sector. In addition toCape Verde, Cristina has lived in Angola,Kenya, Portugal and the United States.

Francis Gatare served as Principal PrivateSecretary to His Excellency the Presidentof the Republic of Rwanda from 2009 to2014. He also served as the Chief Economistand Deputy Head of Policy and Strategy inthe Oce of the President. Prior to joining

the Oce of the President, he served asthe Principal Deputy CEO of the RwandaDevelopment Board. Francis also servedas the Director General of the RwandaInvestment and Export Promotion Agencyfrom 2007 to 2008. Francis has served inseveral managerial positions in UNDP andtaught economics at universities.

Cristina DuarteMinister of Finance and Planning,Cape Verde

Francis GatareRwanda Development Board




Kwabena Donkor, Ghana’s former Ministerfor Power is the MP for the Pru EastConstituency and the Chairman of theParliamentary Select Committee on Minesand Energy. He has been an academic,technocrat and presently a political leader.He was the pioneer Chief Executive ofthe Bulk Oil Storage and TransportationCompany (BOST), the state-ownedpetroleum logistics company. He holds anMSc and a PhD from the University of Bristoland a MBA from Lancaster Management

School, University of Lancaster. He is alsoa Fellow of the Chartered ManagementInstitute, a Fellow of the Royal Society of Artsand a Member of the Chartered Institute ofEnergy (all UK).

Kwabena DonkorGhana Parliamentary SelectCommittee on Mines and Energy

Claver Gatete has been Rwanda's Minister ofFinance since February 2013. He worked asan economist in Canada and with the UnitedNations Development Programme as aNational Economist for the Rwanda programbefore joining the Oce of the President in

2001. After serving as Rwanda's ambassadorto the UK, Ireland and Iceland, he movedto the National Bank of Rwanda as DeputyGovernor and then Governor. He holds aMaster’s Degree in Agricultural Economicsfrom the University of British Columbia inCanada.

Neway Gebreab is the Executive Directorof the Ethiopian Development ResearchInstitute and Chief Economic Advisor to thePrime Minister. He has extensive experiencenot only in formulating green growth anddevelopment strategies but also in macro-economic policy and international nance.He chairs the Ethiopian Government/Donors Committee on Governance and isthe Chairman of the board of directors ofthe National Bank of Ethiopia. In the courseof his career, he has been involved in manymulti-lateral policy forums and negotiations,such as those organized by the World Bank,the IMF, the UN and the New Partnership forAfrica’s Development (NEPAD).

Goodall Gondwe has been Malawi’s Ministerof Finance since he was appointed to thepost by President Peter Mutharika in 2014.Previously he was Minister of Finance from2004 to 2009, Minister of Local Governmentfrom 2009 to 2010, and Minister of NaturalResources, Energy and Environment Aairsfrom 2011 to 2012. He was credited forturning around Malawis economy whileserving as Minister of Finance in the 2004Bingu wa Mutharika administration. In 2008he was voted as Africa’s Finance Ministerof the Year at the African Banker Awards,held at the Willard Intercontinental Hotel inWashington DC, USA

Claver GateteMinister of Finance, Governmentof Rwanda

Neway GebreabEthiopian Development ResearchInstitute

Goodall GondweMinister of Finance, Malawi


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François Kanimba was appointed asRwanda's Minister of Trade and Industryin May 2011 after serving as Governor ofthe Bank of Rwanda since 2002. Between1984 and 1995, he worked in the Ministryof Economic Planning where he developeda wide expertise in macro-economicmanagement. He was chairman of theGovernance Task Force which negotiatedRwanda’s rst structural adjustment programsupported by the World Bank, the IMF andother development partners. Originallytrained as an engineer, he has a degree inStatistics and Economics from Paris-basedEuropean Centre for Training EconomistsStatisticians for Developing countries.

Amini Kajunjuis is the President andCEO of the Africa-America Institute (AAI).Before joining AAI in October 2012 shewas Executive Director of the non-prot

Workshop in Business Opportunitiesfor 10 years. She previously served inprogram positions at the InternationalExecutive Service Corps and SocialScience Research Council and internedat the Center for Humanitarian Outreachand Intercultural Exchange, and The CarterPresidential Center. She holds a BA inInternational Relations with an emphasison economic development from BrighamYoung University and a Master’s degree inPublic Administration with a concentrationin nance and management from New York

University.

David Kennedy was appointed as the UKDepartment for International Development’srst Director General for Economic

Development in June 2014. He has workedon development nance, strategy andinvestment at the World Bank and theEuropean Bank for Reconstruction andDevelopment. He was most recently ChiefExecutive of the Committee on ClimateChange, an independent advisory bodyto the UK Government and DevolvedAdministrations. He has a PhD in Economicsfrom the London School of Economics.

François KanimbaMinister of Trade and Industry, Rwanda

Amini KajunjuAfrica-America Institute

David KennedyUK Department for InternationalDevelopment

SPEAKERS/

MODERATORS

Eveline Herfkens founded and led theUN Millennium Campaign, appointed bySecretary General Ko Annan in 2002. Sheis currently a Senior Fellow at SAIS, JohnsHopkins University. From 1998-2002 she wasMinister for Development Cooperation of theNetherlands. She served as Ambassador,Permanent Representative to the UN andthe WTO in Geneva (1996–1998) and asMember of the Board of Executive Directorsof the World Bank Group (1990–1996). Shewas an MP in the Netherlands, 1981–1990.She has been a member of the ILO World

Commission on the Social Dimension ofGlobalization, the UN Commission on HIV/AIDS and Governance in Africa, and the ILO/

WHO Social Protection Floor Advisory Group.

Eveline HerfkensUN Millennium Campaign




Nathan Kalumbu is President of The Coca-Cola Company’s Eurasia and Africa Groupbased in Istanbul, from where he leadsthe company’s business in more than 80countries. He began his career as the CentrAfrica region’s External Aairs Manager,before moving into Marketing Operationsand Country Management roles in ZimbabwZambia and Malawi. In 2004, Nathan wasappointed Business Planning Director andExecutive Assistant to the Retail DivisionPresident, North America. He returned to thAfrica Group as Director of Business Strategand Planning for the East and Central AfricaDivision in 2006. Nathan then led the CentraEast and West Africa (CEWA) Business Unitas President.

Nathan KalumbuThe Coca-Cola Company

Henry Kerali is the World Bank CountryDirector for Ghana, Liberia and Sierra LeonePrior to taking up this new appointment, hewas the World Bank's Regional Director forthe South Caucasus, based in Georgia. He

joined the Bank in 2003 in the Infrastructureand Energy Department in the Europe andCentral Asia (ECA) Region. Before that,he was a Professor at the University ofBirmingham, England, specializing in thedevelopment of transport infrastructure. Hehas worked in dierent regions of the world

including Latin America, Africa, East Asia,

South Asia, and the ECA Region, and hasalso served as sector manager of the Bank'transport program in the ECA Region.

Henry KeraliWorld Bank


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Sheila Khama is Director of the AfricanNatural Resources Center at the AfricanDevelopment Bank. Prior to joining theBank, she was the Chief Executive Ocerof De Beers Botswana and DebswanaDiamond Company (Pty) Ltd. She is on

the sustainability panel of Lafarge SA,the Technical Advisory Group of OxfordUniversity’s Natural Resources Charter andthe UN’s Sustainable Development SolutionsNetwork on extractives and land resources.She is Chairperson of AGAMAL, a non-prot

entity nanced by the Global Fund to contain

malaria infection in Ghana. She obtained aBachelor of Arts degree from the Universityof Botswana and completed an MBA degreeat the University of Edinburgh.

Sheila KhamaAfrican Development Bank




Alemayehu Konde Koira is a Senior Programmanager at The MasterCard Foundation witha focus on problems of youth unemployment,entrepreneurship, skills development, socialand nancial education and agriculture.He has some 30 years’ experience in avariety of international non-governmental,donor and academic organizations withinthe international development eld. Before

joining The Foundation, he worked for PlanInternational in Tanzania as Program Managerand Household Economic Security Advisor inPlan Region of Eastern and Southern Africa.He holds a BSc from Alemaya Universityof Agriculture, Ethiopia and a Master'sin Agriculture Economics from ReadingUniversity, UK.

Alemayehu Konde KoiraThe MasterCard Foundation

Evode Imena is Rwanda’s Minister ofState in charge of Mining at the Ministryof Natural Resources. He was appointed in2013 in a new post in the Cabinet due tothe importance of the mining sector to theeconomic development of Rwanda. His rolesare to oversee all mining-related activities,policy formulation and implementation ofexisting policies, oversee geological researchand mineral exploration activities, and toliaise with other ministries and internationalagencies to implement governmentprograms in the mining sector. He holds aMaster's in Sciences (Maîtrise en sciences)in Geology with specialization in Metallogenyfrom Cadi Ayyad University in Morocco.

Evode ImenaMinister of State in charge of Mining,Ministry of Natural Resources, Rwanda

Acha Leke is a director in McKinsey’sJohannesburg oce and supports clients inits Public Sector, Social Sector, and PrivateEquity Practices. Since his appointment,Leke has transformed McKinsey into

the leading advisory rm in Africa. Thecompany’s footprint has grown from justone oce in South Africa to six across theregion, with 300 consultants working across30 dierent countries in the region. He co-

authored the Lions on the Move publishedwith McKinsey in 2010, which widely shiftedopinion on Africa's investment promise, andmiddle-class consumption prospects. Hecompleted his PhD in electrical engineeringfrom Stanford University.

Carlos Lopes leads a sta of around 1,000at the Economic Commission for Africa. Hehas more than 24 years of senior leadershipexperience at the UN. He has authored oredited 22 books and taught at academicinstitutions all over the world. Selected asone of the most inuential Africans several

years in a row by New African and Financial Afrik , he is a frequent commentator on CNN,Al Jazeera, the BBC, France 24 and in LeMonde and the Financial Times. His Op-Edsare published on average 30 times a monthin the pan-African media and he has aroundhalf a million monthly impressions from hissocial media.

Ibrahim Assane Mayaki of the Republicof Niger is the CEO of New Partnershipfor Africa's Development (NEPAD). Hewas Prime Minister of Niger from 1997to 2000. Between 1996 and 1997 he wasMinister in charge of African Integrationand Cooperation and Minister of ForeignAairs. From 2000 to 2004, he was a guestProfessor at the University of Paris XI, wherehe lectured on international relations andorganizations; he also led research on Europeand the Contemporary World. He has aMaster's degree from the National Schoolof Public Administration in Quebec, Canadaand a PhD in Administrative Sciences fromUniversity of Paris I, France.

Acha LekeMcKinsey & Company

Carlos LopesUN Economic Commission for Africa

Ibrahim MayakiNew Partnership for Africa'sDevelopment


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Ramesh is an acknowledged expert inAfrican agriculture and food commodities.He supervises Olam’s operations, whichemploy over 3,000 people including 50 topglobal managers in 20 countries in Central,South and East Africa. He joined Olam at itsinception in Nigeria 24 years ago, and hasbeen a part of the core team that saw thecompany grow from a green eld start-upto a Singapore listed $18 billion revenueorganization today. He has lived and workedin multiple countries across Africa, hasheaded Olam’s India operations and startedOlam’s trading desk in Europe beforereturning to Africa. He is based in Durban andteaches at the University of Cape Town.

Abdu Mukhtar is the Group Chief StrategyOcer, Dangote Industries. He is a Partner

Sahel Capital. He is also the Co-Founder anChairman of Grassroot Micronance Bank.

He served as a medical ocer in the Ministof Health, Kano, and ASO Clinic Abuja.Prior to this, he was the Group ManagingDirector and Chief Executive Ocer at AbujInvestments Company, where he oversawportfolio investments and joint-ventureprojects. He sits on the Boards of severalnon-prot organizations including LEAPAfrica and the Nollywood Foundation. Heholds a Master's in Public Administrationfrom Harvard University Kennedy Schoolof Government and an MBA from HarvardBusiness School.

Nkosana Moyo is the Founder andExecutive Chair of the Mandela Institute ofDevelopment Studies. He is an EisenhowerFellow and a World Economic Forum (WEF)Global Leader of Tomorrow alumnus, holdsa PhD in Physics from Imperial College,University of London and an MBA from

Craneld School of Management, UK. Until

2011, he was the Vice President and COO ofthe African Development Bank (AfDB). Before

joining the Bank, he was Managing Partnerfor Africa Business at Actis Capital LLP and

also served at the World Bank's InternationalFinance Corporation (IFC) as an AssociateDirector. He has also served as Minister ofIndustry and International Trade in his nativecountry, Zimbabwe.

Ramesh MoochikalOlam International

Abdu MukhtarDangote Industries

Nkosana MoyoMandela Institute of DevelopmentStudies

SPEAKERS/

MODERATORS




James Musoni is the Minister ofInfrastructure in the Government of theRepublic of Rwanda. Before his currentposition, he was Minister of Local

Government (2009–2014); Minister ofFinance and Economic Planning (2006–2009); Minister of Commerce, Industry,Investment Promotion, Tourism andCooperatives (2005–2006); CommissionerGeneral of Rwanda Revenue Authority (2001–2005) and Deputy Commissioner Generalof Rwanda Revenue Authority (2000–2001).He has an MBA in nance from NewportInternational University, California, and aBCom, Finance, from Makerere University,Kampala, Uganda. He also holds a Certicatein Public Finance Management ExecutiveCourse from the Harvard Kennedy School.

James MusoniMinister of Infrastructure, Rwanda

James Irungu Mwangi is Executive Directorof the Dalberg Group, a collection of impact-driven businesses that seek to championinclusive and sustainable growth aroundthe world and a Partner with Dalberg GlobalDevelopment Advisors. He founded and builtup Dalberg’s presence in Africa, beginningwith the Johannesburg oce in 2007, Nairobiin 2008, and Dakar in 2009, and he served asGlobal Managing Partner from 2010 to 2014.His clients have ranged from heads of stateto senior leaders of multilateral organizationsand foundations. He has also advised ChiefExecutives and investors on commerciallyattractive and socially impactful businessesin frontier markets, particularly in Africa.He holds a BA in economics from HarvardUniversity.

James Irungu MwangiDalberg Group

Uzziel NdagijimanaMinister of State: Economic Planning,Ministry of Finance and EconomicPlanning, Rwanda

Uzziel Ndagijimana is the Minister of State:Economic Planning in the Ministry of Financand Economic Planning. Before joining theMinistry, was the Permanent Secretary of thMinistry of Health. He began his career as alecturer at the National University of RwandHe was Vice-Rector of the National Universof Rwanda and the Rector of the School ofFinance and Banking in Kigali. He movedinto leadership positions in the Governmenof Rwanda from 2002. He has an MSc anda PhD in Economics with specialization inInternational Trade. He speaks KinyarwandaFrench, English, Swahili, Polish, and basicPortuguese.


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Richard Newfarmer is Country Director forRwanda, Uganda and South Sudan at theInternational Growth Centre, a joint ventureof Oxford University and the London School

of Economics. He is also a Senior Fellow atthe World Trade Institute in Bern, Switzerland,and a Member of the Advisory Board forthe WTO Chairs Program. He consults withorganizations, including the World Bank, theOECD and the International Trade Centre, andhas written on competitiveness, industrialpolicy and aid for trade in Uganda, Rwanda,Malawi, Botswana and Zimbabwe. He holdsa PhD and two MAs from the University ofWisconsin and a BA from the University ofCalifornia at Santa Cruz.

Amolo Ng’weno is the East Africa RegionalDirector of Bankable Frontier Associates(BFA), a consulting company specializing innancial services for low income people.

Until 2015, she was Managing Director ofDigital Divide Data Kenya (DDD), a socialenterprise BPO company that hires youngpeople from disadvantaged backgrounds.She joined DDD from the Bill & Melinda GatesFoundation, where she was Deputy Directorin the Financial Services for the Poor, workingto improve the nancial services availablein developing countries. She holds a B.A.in Psychology and Social Relations fromHarvard University and a Master's in PublicAairs from Princeton University.

Richard NewfarmerInternational Growth Centre

Amolo Ng'wenoBankable Fronti

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