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Africa Index: Improved GDP not Translating to Sustainable Economic Opportunities in Nigeria, Others

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The average improvement of Gross Domestic Products (GDP) of African countries have not been translated into sustainable economic opportunities, Mo Ibrahim Foundation says.

News Agency of Nigeria (NAN) reports that the 2018 Ibrahim Index of African Governance (IIAG) was launched by the foundation during a live event on Monday.

According to the report, Sustainable Economic Opportunity remains on average the worst performing and slowest improving category of the IIAG.

Its 2017 African average score is 44.8 (out of 100.0), only +0.1 points higher than ten years ago (2008).

Although Nigeria ranked 29 with a score of 43.5 and a growth rate of 2.7, the African average is 44.8 with a 0.1 growth rate.

Comparatively, Morocco had the highest improvement with a growth rate of 14.1 and a score of 68.3, while Libya had the lowest improvement a negative growth rate of -22.6, scoring 23.7.

On the state of Sustainable Economic Opportunity, the report says, “Africa’s combined GDP has increased by +39.7% over the last decade.

“But this has not translated into a similar level of progress in providing Sustainable Economic Opportunity for its citizens.

“In contrast, the increase in the African average score in this category of the IIAG is only +0.1 (a percentage increase of only +0.2%), the index stated.

The Sustainable Economic Opportunity category in the IIAG measures the extent to which governments enable their citizens to pursue economic goals and provide the opportunity to prosper.

NAN reports that this is calculated under four main categories including public management, business environment, infrastructure and rural sector.

Analysing the index, Mr Ibrahim, Yvonne Mensah, Head of Africa and Governance Directorate at the Commonwealth and Nasi Rwigema, an energy expert and Mo Ibrahim scholar examined the development growth rate for Africa.

Mr Ibrahim said, “My reading of the report is that there is trickling down. A country is getting richer, getting more revenue.

“Somehow, that has been translated in improving the conditions of the country. This is probably false and is not happening in many countries.

“Inequality is a problem and it is increasing and it seems that the wealth generated during the boom has not been retranslated into better job opportunities or money has been invested in infrastructure in improving quality education.

“It is a challenge, African economies have grown by almost 40% over the last few years but we don’t see really a proportional growth in the area of sustainable economic development itself.

“It really seems that governments are not paying enough attention to rural areas and I have a feeling that people in the city have more influence in the government behaviour than people outside.

“We really are not delivering in the rural sector which is sad because half of the population is there,” Mr Ibrahim said.

Meanwhile, Rwigema worries that African governments are not doing enough to translate GDP growth into better economic opportunities for the citizens.

He said, “What I see with my friends and family is that the government tend not to be creating enough sustainable economic opportunities.

“So, the economics are growing significantly over the last 10 years but the growth of economic opportunities created by these governments is stagnant.

“The worry is that we are going to lose out on the incredible opportunity that is our people,” Mr Rwigema said.

However, Ms Mensah stated that governments ought to create better environments for several business and economic opportunities to thrive.

She said, “The state has to create the enabling environments for jobs to be created. For the private sector to be able to create those jobs.

“If you look at the business environment which is actually going down, that’s serious,” Mensah said.

The Mo Ibrahim Foundation was established in 2006 with a focus on the critical importance of leadership and governance in Africa, by providing tools to assess and support progress in leadership and governance.

The IIAG provides an annual assessment of the quality of governance in African countries and is the most comprehensive collection of data on African governance. (NAN)

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Africa

Romuald Wadagni Inaugurated As Benin’s President

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Former Beninese finance minister, Romuald Wadagni, has been officially sworn in as president of Benin on Sunday, succeeding his predecessor and former boss, Patrice Talon.

Wadagni, a 49-year-old economist widely regarded as a technocrat and continuity candidate for Talon’s administration, won the April 12 presidential election with 94 per cent of the vote.

His only challenger, Paul Hounkpe, was overwhelmingly defeated, while Hounkpe’s party later aligned with Wadagni’s political camp in parliament.

The main opposition party, The Democrats, did not participate in the election after reportedly failing to secure the required endorsements and facing internal divisions.
Speaking during his inauguration in Cotonou, Wadagni pledged to govern with integrity and accountability.

“I will serve Benin with integrity, courage and commitment.

“I will serve with the constant knowledge that power is never a personal privilege,” he said.

Wadagni assumes office at a time when Benin has recorded strong economic growth over the last decade but continues to grapple with inequality and insecurity in its northern region due to attacks linked to jihadist groups.

His inauguration also marks the beginning of a seven-year presidential term following a constitutional amendment last year that extended the tenure from five years. Presidents remain limited to a maximum of two terms.

During his decade-long tenure as finance minister, Wadagni oversaw fiscal reforms that reduced Benin’s budget deficit to three per cent of GDP.

He also pledged to confront security threats in northern Benin, particularly attacks attributed to the al-Qaeda-linked Group for the Support of Islam and Muslims (JNIM).

“Benin will not give in to fear nor complacency. The government will be firm against all those who threaten our unity and security,” he said.

The new president is also expected to work toward improving relations with neighbouring junta-led states, including Niger and Burkina Faso.

In a sign of warming ties, Ali Mahaman Lamine Zeine attended the inauguration ceremony and received applause from attendees.

The Guardian

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Africa

Investment Opportunities: Promote Ghana with Your Platforms, Bonsu Charges Chinese Media

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Ghana’s Ambassador to China, Kojo Bonsu, has appealed to the Chinese media to use their medium to promote Ghana.

Ghana, he said, boasts of several business opportunities, therefore if the Chinese media take keen interest in Ghanaian issues, it would help attract investors from China to Ghana.

According to him, the door of the Ghana Embassy in China is wide open to Chinese journalists, especially those who want to positively project Ghana.

“The Chinese media institutions should henceforth partner with the Ghana Embassy in promoting trade and investment opportunities in both of our sister countries for growth.

“There are potential for growth in various sectors such as infrastructure, clean energy, Information Technology (IT) and Artificial Intelligence (AI), healthcare, minerals processing and agriculture,” Mr. Bonsu pointed out.

He was speaking when the Ghana Embassy in China recently hosted a press soiree in Beijing, which was graced by a number of prominent media institutions in China.

The programme was mainly used to promote Ghana’s upcoming 69th independence anniversary celebrations and also highlight investent opportunities in the country.

Kojo Bonsu, who is a former Kumasi Mayor, said Ghana is the safest, friendly and best country for any investor to do business, urging Chinese businessmen to heed his advice.

According to him, Ghana is a democratic nation, which has conducive atmosphere for businesses to flourish, stressing his desire to work and improve Ghana-China relations.

“Ghana is committed to strengthening ties with China. My country is a stable democracy, has business-friendly environment and rich cultural heritage,” Kojo Bonsu stated.

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Mahama Recalls High Commissioner to Nigeria over Election Rigging Allegations

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President John Mahama of Ghana has ordered the immediate recall of Mohammed Ahmed, known as Baba Jamal, from his position as the country’s high commissioner to Nigeria over allegations of vote buying in Saturday’s parliamentary primaries.

Mahama’s decision was in response to claims that delegates were induced during the National Democratic Congress (NDC) primaries.

Jamal was a candidate in the polls, which he later won.

During the election, Jamal’s campaign team offered 32-inch televisions and boiled eggs to delegates who took part in the primaries.

Jamal confirmed that television sets had been distributed but rejected claims that the act amounted to vote buying.

“So if you give television sets to people, what is wrong with it when you give things to people?” he asked, according to local media JoyOnline.

“Is this the first time I am giving things to people?”

Explaining the reason behind Jamal’s recall, Felix Ofosu, Mahama’s spokesperson, said that while the allegations of vote buying were made against multiple candidates who contested the primaries, Jamal was the only serving public officer among them.

“The President has also noted the public statement by the General Secretary of the NDC indicating that the Party has commenced its own investigations into the allegations arising from the primaries,” the statement reads.

“Without prejudice to the ongoing internal party processes, and strictly in view of the standards of conduct expected of public officers, the President considers it necessary to act decisively to preserve the integrity of public office and to avoid any perception of impropriety or conflict with the Government’s Code of Conduct for Political Appointees.”

Ofosu said the high commissioner’s recall takes effect immediately, and that directives had been issued to the minister for foreign affairs to take the necessary administrative steps.

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