continent transce of inclusion and considering its aphica role over the g demographic growth ublingu of the African h e next few years, we hat population density es with a set of challenopment. We therefore ructure development daptable for economic, c industrial developoury,o African countries nal approaches in their es. men, president of the ndn Automotive Trade riica should define its reapr the full benefits of hina.h fricanf a framework,ChiategiesItis very well. rover on its strategies at onalo and continental n says. s committed to helping xppand t in should Africa,Abdeltinent leverage pportp of development heh Middle East and ntn and Morocco as the d be a strong African ene says. opportunitieso in Africa, s d the potential throughout toproductsthe geographicalg location of the equator. ed by MD Ramesh, the -based Olam Internast Africa regions, who arna from China how it e farmers to increase odo weather and human s ... compel the contito feed its population. thet first step toward ChinaC is willing to help e through the challenxt ex u e cheap step produce. should technology Inaddier beaddural to Africa that can play a key role in improving the sector, and the continent’s food distribution should be improved, he says.
“Africa can use Chinese mastery in farming, adding value to cheap technology as well as logistics and storage,” he says.
Chen Jianhua, executive director of overseas investments for China-based Joyvio Group, says China has drawn experiences and lessons from its 30 years of opening-up and is willing to share these experiences with Africa.
“It is good that African governments provide Chinese investors with a consistent and reliable policy framework where everybody plays on the same level field. I believe Africa is full of quality entrepreneurs waiting for the opportunity to participate in economic development,” Chen says.
He adds that Chinese private-sector investors will only be attracted to Africa if they are assured of a conducive business environment. With this in place, African governments will have done a lot to set the stage for businesses to flourish, he adds.
“We are ready to offer suggestions to African governments on good governance policies for supporting business, community and the country,” Chen says.
Meanwhile, Helen Hai, CEO of the Made in Africa Initiative, says Africa should not worry about loss of jobs due to industrialization. She says that if jobs were to be affected, that would occur 15 years from now and would affect the service industry but not labor-intensive industries.
She urges African countries to borrow a page from China in pursuing their industrialization.
In 1978, the GDP per capita in India was 20 percent higher than China’s, she says, but today China’s GDP per capita is five times that of India’s. Hai says this resulted from the two countries taking different development paths.
India took a service based development approach, growing at 4 to 5 percent per year, while China took the industrialization development path, growing at more than double digits, she says.
Hai says that because China’s GDP per capita is expected to double by 2025, the country will be a high-income nation by then, at which point labor-intensive jobs will leave China. This will be a golden opportunity for Africa to position itself to absorb the jobs, she says.