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HOW AFRICA CAN BENEFIT FROM THE BELT AND ROAD INITIATIVE (BRI)

Harare
Zimbabwe
23 Jan, 2019

In the past five decades, the Africa-China relationship has developed significantly. The Forum on China- Africa Cooperation (FOCAC), a landmark in the history of Sino-Africa relationship was created in 2000 as a platform for collective consultation and dialogue and a cooperation mechanism. The FOCAC and its activities are closely aligned with China’s Africa policy which was formulated in 2006 with the broad objective of enhancing all-round cooperation between China and Africa in such key areas as political, economic, education, science, culture, health, peace and security. The emergence in September 2013 of the Chinese “Belt and Road Initiative” (BRI) was an additional chapter in the history.

The BRI in general and as it relates to Africa in particular, focuses on the following key areas: (1) trade, finance and investment; (2) productive capacity (mostly agriculture and manufacturing); (3) connectivity of infrastructure and facilities; (4) ecological and environmental protection; and (5) tourism, cultural, social and educational exchanges.

This study was, therefore, motivated primarily by the need to gain a deeper and better understanding of the implications of the BRI for Africa, paying particular attention to the economic development opportunities for the region, the challenges around its implementation, and more importantly understanding the relevant capacities required for maximizing the benefits.

The specific objectives were hence: (1) assessing the costs and benefits associated with the BRI in Africa; (2) providing information on the specific areas and sectors where Africa has a comparative advantage in the BRI; (3) identifying the specific arrangements and incentives as well as the capacity required to ensure that the BRI is beneficial to Africa; and (4) providing suggestions on the way forward by proposing the options and mechanisms available as well as the clear and actionable recommendations on how African countries can maximize the benefits offered by the initiative.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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