WINDOW OF OPPORTUNITY
China's secret in Industrialization and economic transformation
How should African countries position themselves?
Where does Africa's opportunity lie ?
Mobilizing Investment for inclusive and Sustainable Industrial Development in Africa GENEVA, 25 October 2018 -“Made In Africa Initiative”（MIAI） founder---Ms. Helen Hai was invited to the session on“Mobilizing Investment for inclusive and Sustainable Industrial Development in Africa” during the 2018 World Investment Forum. This session was co-organized by the African Union (AU), the United Nations Development Organization (UNIDO) and the United Nations Conference on Trade and Development (UNCTAD).The session brought together global thought leaders in the investment and finance domain, to discuss new approaches towards mobilizing investment for Africa’s manufacturing sector to strengthen productive capacity development. The outcome of the discussion will be key for policy makers and entities involved in policy analysis, technical assistance and resource mobilization. They will also be taken on board in the implementation of the IDDA III road map.As Goodwill Ambassador for UNIDO, MIAI’s founder Helen Hai was invited to this meeting, Guest including Mr. Li Yong, Director General of UNIDO, Mr. Mukhisa Kituyi, Secretary-General of UNCTAD-, Mr. Alan John Kwadwo Kyerematen ,Minister of Trade and Industry in Ghana , Mr. Amelia Kyambadde , Minister of Trade and Industry in Uganada , Ms. Clare Akamanzi, CEO of Rwanda Development Board , Ms. Kayula Siame , Permanent Secretary of Zambia Ministry of Cmmerce, Trade and Industry and Mr. Hans Docter, Director of Netherlands Ministry of Foreign Affairs.MIAI working to bring light manufacturing investment and jobs to Africa, who plays a significant role for Africa growth. “It’s not easy to invest in Africa from private sector, but it’s depend on willingness,” When be asked “how can Africa attract good investment for industrialization” Helen Hai said, “Entrepreneurial leadership is needed in Africa, one that has the willingness to learn how to catch the fish and work hand-in-hand with the private sector. This is key to drive economic development in the continent.”As Director of UNIDO Li Yong said “Africa industrialization is a reality, it’s already moving, but we need to mobilize more FDIs, because it brings seed money and technology for manufacturing,”Even though there are a lot of instability on investment in Africa, and it is a hindrance to its economic development, but Made in Africa Initiative is always full of confidence to this continent. “How to decrease investment risk in Africa?” Helen answered” Asia’s story told us not everyone enjoyed the growth, and not all the countries will be able to ride the trend of industrialization in Africa, the leadership is key. Every country should make further plan on which path they want to take for next 20 years development.”
Partnership to advance new sustainable special economic zones in Ethiopia and Kenya COPENHAGEN—20 October—There are more than 5,000 special economic zones in the world, which provide favorable conditions for industries and trade to flourish, only few have been established with an underlying commitment to sustainability. The first summit of the Partnering for Green Growth and the Global Goals 2030 (P4G) was held in Copenhagen, Denmark from October 19th to 20th. Head of states and government, leaders of international organizations, academics, and representatives of civil society gathered together through innovative partnerships. To form a strong global sustainable growth alliance to explore practical action plans for the “Partnering for Green Growth and the Global Goals 2030 (P4G)”. Made in African Initiative (MIAI), as a project partner, was also invited to participate in the summit and to receive the award.At the first summit of Partnering for Green Growth and the Global Goals 2030 (P4G), more than 800 representatives from potential partners and experts in related fields across the globe attended the keynote speeches and panel discussion on topics covering water resources, energy, cities, circular economy, food and agriculture industries. Mr. Matt Liu, Executive Director of Made in Africa Initiative participated in discussions on the circular economy and sustainable development and pointed out that “for long-term economic development, the sustainable special economic zones are expected to create tens of thousands of direct and indirect employment opportunities in Africa and potentially attract billions of dollars in investment";The P4G Award Ceremony is to present the “State-of-the-Art Partnership Award” and announce the final six winners for the 2018 P4G Scale-up Partnership. The UN Secretary-General, Mr. Antonio Guterres, specially congratulated the event; The awards were held at the Royal Danish Concert Hall, the Danish Crown Prince & the Crown Princess, the Ethiopian President, the South Korean President, the Danish Prime Minister, the Dutch Prime Minister, the Vietnamese Prime Minister, and the Ministry of Science and Technology of China, CEOs of well-known companies, and leaders of civil society organizations have presented their opinion on how to achieve sustainable growth while effectively address cross-cutting issues.The SSEZ project led by Made in Africa Initiative (MIAI), is one of the six partnerships selected by P4G to receive scale-up funding in 2018 from a global competition that attracted 450 submissions from 80 countries. There will be a new cross-regional cooperation alliance working on this project include LADOL— a developer and operator of a special economic zone in Nigeria, SYSTEMIQ— an UK based sustainability consultancy, and NIRAS— a Danish Urban Design and Industrial Planning Organization.“This partnership will demonstrate that industrial and trade zones designed for sustainability is a winning formula for long-term economic growth and public good,” said P4G Global Director Ian de Cruz. “The governments of Ethiopia and Kenya, as P4G partner countries, are committed to supporting innovative public-private partnerships to help them meet both their economic goals but also their sustainable development goals.”For the next two years, the alliance will explore the feasibility of develop new Sustainable Special Economic Zones (SSEZ) with support from Government of Ethiopia and Kenya by providing a comprehensive turn-key solution. Mr. Matt Liu, Executive Director of MIAI, was invited to attend the ceremony and receive the award from the President of Ethiopia. Ethiopia and Kenya's new SSEZ will achieve sustainable development results such as zero waste discharge, waste-to-energy and high-utilization of resources in industrial parks which will effectively reduce the overall carbon emissions of the SEZ while significantly increasing industrial output;Made in Africa Initiative has supported manufacturing and international capacity cooperation with over 10 countries in Africa - from Ethiopia, to Cote D'Ivoire and Rwanda. MIAI committed to promoting the economic development of African countries and creating more job opportunities to achieve truly sustainable development. SYSTEMIQ Managing Partner, Martin Stuchtey appreciated the contribution of the MIAI to the process of industrialization in Africa and said “Our concept provides a toolkit and roadmap to create bright spots of sustainable industrialization, hope to have a good partnership with MIAI, that we can then be scaled and replicated both in other zones in Ethiopia and Kenya but also other countries in Africa.”"China's manufacturing sector offers the opportunity for the rest of the world to capture an estimated relocation of 85 million jobs, and billions of dollars in investment. African countries need to capture this window of opportunities for their development" said Helen Hai, CEO of Made in Africa Initiative. "We are pleased and excited to win P4G support to help Kenya and Ethiopia do so in a sustainable manner, bolstering their green growth ambitions and setting a benchmark throughout the continent".
Afreximbank signs collaboration agreement with MIAI and China-Eximbank for development of industrial parks The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China have signed a cooperation agreement to create a $1 billion China-Africa Investment andIndustrialization Programme to facilitate the construction and creationof industrial parks and special economic zones on the continent.The agreement, signed by Afreximbank President Dr. Benedict Oramah and Lui Liang, President of Export-Import Bank of China, during the 23rd Annual General Meeting of Shareholders of Afreximbank in Mahe, Seychelles, on Saturday, will have the two institutions work together toprovide Africa with capacity for light manufacturing and primary processing of raw materials and commodities.It would also cover logistics that facilitate intra-regional trade, such as shipping equipment, railways and rolling stock, and trade facilitating infrastructure, such as power. Other aspects of the agreement include improvement in trade finance flows into Africa, through risk participation arrangements, cross-referral of business contacts, and indirect funding of Export-Import Bank of China to obligors through Afreximbank, as well as engagement in joint capacity building initiatives, including staff and information exchange.Complementing the programme will be an engagement with the Made In Africa Initiative under which Afreximbank and the Initiative will develop and operate industrial and agro-processing parks to increase value addition on the continent. Under the terms of a separate cooperation agreement, signed between Afreximbank and the Made in Africa initiative during the same ceremony, Afreximbank and the Initiative will also pursue the facilitation of investment flows into Africa by working with African governments to create, develop, and improve "soft" and "hard" infrastructure required for industrialization.Signed by Dr. Oramah and Helen Hai, Founder of the Made In Africa Initiative, for their respective organisations, the agreement requires Afreximbank and the Initiative to also engage in the promotion of exporttrading companies to facilitate market access for “Made-in-Africa” goods; and in investment promotion, including capacity building and knowledge transfer. Afreximbank will, in addition, work with the Initiative on the establishment of a pan-African equipment leasing platform to supply heavy duty and manufacturing equipment to support local content in the various sectors of the African economy."The Agreements signed here today will help create an effective and prudent framework which will allow us to reach our common goal, which isthe pursuit of the industrialization and economic development in Africa," said Dr. Oramah. He commended the Chinese Government for the financing support it has provided for the development of critical sectors of the African economy through its major development institutions like the China Development Bank and the Export Import Bank of China, noting that the cumulative investment in Africa since 2000 had surpassed $80 billion. Source: This news article was originally published by Afrexim bank https://afreximbank.com
The Made in Africa Initiative: Bringing Together a Strategic Network of Top Development Leaders Supportfor industrialization in Africa received a boost this week with the launch of the Made in Africa Initiative (MIAI) Senior Advisory Board, aninitiative that will create a strategic network of top development leaders' minds to help facilitate the sustainable development of industrialization and economic transformation in Africa by drawing experiences from China and other emerging economies, in line with targets set out by the Sustainable Development Goals (SDGs).With the expected relocation of light manufacturing from China and other emerging market economies to Africa, African nations are perfectlypoised to create the next manufacturing hub for global markets on the continent. However, there are a variety of challenges facing African nations as they look to modernize their economic structures. The Made inAfrica Initiative looks to ensure that Africa takes full advantage of these opportunities, whilst ensuring that future industrialization follows a sustainable, inclusive model of growth."By leveraging the expertise of leading industry experts and influential persons with experience working in China and Africa, the Made In Africa Initiative will ensure that Africa's economic transition integrate knowledge and advice drawn from three decades of rapid economic development in China. By identifying both opportunities and challenges early on, African nations can customize a development model that suits local development needs and priorities in support of achieving the Sustainable Development Goals!” said Nicholas Rosellini, UN Resident Coordinator and UNDP Resident Representative to China.The Senior Advisory Board, launched during the backdrop of the International Conference for Emerging Africa (ICEA) in Côte d'Ivoire, consists of a group of up to 15 high-level, influential persons in China, Africa and the World, co-chaired by Professor Justin Yifu Lin, Director of Center for New Structural Economics at Peking University, and Mr. Abdoulaye Mar Dieye, Assistant Administrator and Regional Director for the UNDP Regional Bureau for Africa. Mr. Lin and Mr. Abdoulaye Mar Dieye spoke at the launch alongside other influential persons, including MIAI CEO Ms. Helen Hai, discussing the wider range ofopportunities the China-Africa cooperation can present for sustainable industrial development."African nations can learn a lot from the successful development experiences of East Asian economies such as China" noted Professor Justin Yifu Lin, Director, Center for New Structural Economics at PekingUniversity during the discussions.The Senior Advisory Board will provide intellectual and strategic guidance to assist and promote the universally agreed SDGs. In the long term it will provide a partnership to deepen the impact of production-led growth while ensuring sustainable dimensions in close response to demand from UNDP partner countries. Members of the board fully support industrialization in Africa.During the launch Helen Hai, CEO of the Made in Africa Initiative (MIAI) & UNIDO Goodwill Ambassador for Industrialization in Africa emphasized that, "ensuring that knowledge sharing accompanies the relocation of light manufacturing industries from these nations to Africa will be central to achieving a successful, sustainable transition."Participants at the lunch meeting included; Professor Justin Yifu Lin, Director, Center for New Structural Economics at Peking University; Ms. Helen Hai, CEO Made in Africa Initiative; Mr. Nicholas Rosellini, UN RC for China; Mr. Abdoulaye Mar Dieye, Assistant Administrator & Regional Director UNDP; Mr. Niels Knudsen, UNDP Policy Specialist; Mr. Albert Zeufack, Chief Economist at World Bank; Mr. Moubarack Lo, SpecialAdvisor to the Prime Minister, Senegal; Mr. Luc Gregoire, UNDP Deputy Country Director, Cote d’Ivoire; Mr. Edward Kallon, UN RC, Nigeria; Mr. Lamin M. Manneh, UN RC, Rwanda; Mrs Niale Kaba, Minister of Planning andDevelopment Cote d’Ivoire; Minister CIV Patrick Achi, Cote d'Ivoire; Mr. Claver Gatete, Minister of Finance and Economic Planning, Rwanda & Mr. R. O Ibraheem, Nigeria Director of Planning Commission.Source: This news article was originally published by UNDP China www.cn.undp.org
Supporting Africa to Ride the Chinese Lion of Industrialization Helen Hai, CEO of the Made in Africa Initiative, Agi Veres, UNDP Country Director and Wu Zhong, Secretary General of FCSSC (Finance Center For South-South Cooperation)sign the MOU. Mr. Hong. Tianyun, Vice Minister of the Chinese StateCouncil Leading Group Office for Poverty Reduction and Development, and Mr. Gugile Ernest Nkwiniti, Minister of South African Department of Rural Development and Land Reform, witnessing the signing of the MOU.Partnership Agreement between UNDP, Made in Africa Initiative, and Finance Center for South-South CooperationDecember 8 in 2015, Johannesburg, South Africa– Today during the 1st sub-forum of the Forum on China-Africa Co-operation on poverty reduction, The United Nations Development Programme (UNDP), representatives of the Made in Africa Initiative and the Finance Center for South-South Cooperation (FCSSC) signed a Memorandum of Understandingto support sustainable and inclusive industrial development in Africa.The Made in Africa Initiative aims to help African countries capitalizeon the experience of China and other Asian economies to identify their comparative advantage and capture the window of opportunity for industrialisation. Furthermore, by bridging the gap in information the initiative will work with African countries, prospective Chinese investors and international buyers to generate quick successes in exportorientated manufacturing, whilst at the same time promoting inclusive and sustainable development. Agi Veres, Country director of UNDP China, noted the importance of thispartnership stating: "Launching just days after the Forum of China and Africa Cooperation Summit (FOCAC) which established sustainable and green industrialisation as a major priority for Africa-China partnershipgoing forward, UNDP's support to the Made in Africa Initiative will help African countries grasp the opportunity of global economic transformation to develop inclusive business in Africa. This, we believe, will also contribute to the implementation of Sustainable Development Goals (SDGs)."The collaboration on Made in Africa Initiative aims to better align theInitiative with sustainable business development in Africa. UNDP will support the Initiative in line with its pioneering and increasing efforts to facilitate and improve China's South-South and Global Cooperation since a MOU was signed with the Chinese government on this in 2010, and provide key findings and recommendations from a soon-to-be released comparative study on Special Economic Zones (SEZs) in Africa and China.Helen Hai, CEO of the Made in Africa Initiative, discussed the potential of the collaboration: "This joint effort will create quick successes for generating decent jobs and dynamic growth, providing aspiration and snowballing effects on poverty reduction and structural transformation in Africa."Justin Lin, Chair of the Made in Africa Initiative’s Advisory Board and former ChiefEconomist of the World Bank, highlighted the significance of this cooperation: "The global relocation of light manufacturing occurs every 20 or 30 years. Whichever country captures this window of opportunity will grow dynamically for several decades and become a middle- or even high-income country. There are 85 million jobs in light manufacturing tobe relocated from China. This is an opportunity that the African continent cannot miss in its quest for prosperity."FCSSC will also provide important intellectual know-how to the Made in Africa Initiative. Through its Partnership Programme, the Center has established strong relationships with Chinese companies, who have strongplans to expand overseas. Based in Hong Kong, its unique positioning also enables it to fully tap into the international capital market to organize financing for projects under the Made in Africa Initiative.Wu Zhong, Secretary General of FCSSC, expressed his expectations: "Thispartnership effectively leverages the respective advantages and characteristics of each Party: the extensive network and experience of development cooperation from the UNDP, the precise demands from Africa and the specialized platform for production capability utilization and development financing. I believe this will become a model that adds to the successful cases of South-South Cooperation."Three separate MOUs were signed between the FCSSC and governments of Djibouti, Nigeria and Senegal respectively, who will benefit from immediately support from the Made in Africa Initiative.The agreements were signed during the backdrop of the newly establishedSub-Forum on Poverty Reduction under FOCAC – building on the Africa-China Poverty Reduction and Development Conference, which has been an important platform for dialogue and experience sharing between African countries and China since 2010. This year, the forum focused in particular on how to align African countries' future poverty reduction strategies with the recently adopted post-2015 development agenda.The partnership signing signals the beginning of a fruitful relationship between the three parties, but more importantly UNDP's strong commitment to support China's South- South Cooperation to help African countries achieve sustainable, dynamic and inclusive growth as best as possible.Source: This news article was originally published by UNDP China www.cn.undp.orga www.cn.undp.org