Monopoly in Africa?
Monopoly in Africa?
In 2017, Africa has gained unusual prominence –within and beyond the framework of the German G20 presidency. Three key German initiatives highlight relationships with the African continent: the Ministry of Cooperation and Development’s “Marshall Plan with Africa”, the Ministry of Finance’s “Compacts with Africa” and the Ministry for Economic Affair’s initiative “Pro!Africa”. Through its initiatives, Germany promises to support Africa in the development of its growth and development potential. In addition, the efforts are intended to serve Europe’s interest in curtailing migration from Africa.
The initiatives raise a tension – that is, how should countries balance requirements for budget cutting (e.g., from the IMF) with the need to invest in infrastructure and other sectors to promote growth, productivity, and job creation. One focus of the current initiatives is thus to foster planning reliability and legal certainty for investors. However, a whole range of already existing investment deals is privileging de-regulation and investors’ rights to the great detriment of the public wellbeing of recipient countries.
How should investment regulation look like? What type of investment can boost job creation; ensure dignified working conditions and share of benefits fairly? How can coherence between economic, financial and trade policies, on the one hand, and sustainable development policies, on the other handbe created? What are the approaches that contribute to socially and ecologically sustainable economic development and how and where are they being taken into account?
At this international conference, the Heinrich-Böll-Foundation will discuss the opportunities, limits and dangers of the current approaches with participants from Africa and Germany, bringing together academics, civil society activists, economic actors and government representatives.
- Barbara Unmüßig, President of Heinrich-Böll-Stiftung, Germany
- Dr. Carlos Lopes, Professor at the Graduate School of Development Policy and Practice, University of Cape Town; Former Executive Secretary, UN Economic Commission for Africa (UNECA)
- Nancy Alexander, Programme director Economic Governance and G20, Heinrich-Boell-Foundation, USA
- Ikal Angelei, Friends of Lake Turkana, Kenya
- Martin Tsounkeu, General Representative Africa Development Interchange Network (ADIN), Cameroon
- Uwe Kekeritz, MP, Spokesperson for development politics of the parliamentary group Bündnis 90/die GRÜNEN (Green Party), Germany
- Dr. Ludger Schuknecht, Chief Economist, Finance Ministry, Germany
- Dr. David Ndii, Managing Director of Africa Economics, Kenya
- Uzo Egbuche, Consultant, Nigerian Economic Summit Group, Nigeria
- Mthunzi Mdwaba, CEO of TZoro IBC; Business 20 representative for South African business; governing body member of ILO, management board member of IOE, South Africa
- Dr. Frithjof Schmidt, MP, vice-president of the parliamentary group of Bündnis 90/Die Grünen (Green Party), Germany
- Dr. Stefan Mair, Member of the Executive Board, Federation of German Industries (BDI), Germany
- Georg Schmidt, Director General for Sub-Sahara Africa, Foreign Ministry, Germany
Please note: The evening event on 30th May, 7.00 pm - 9.00 pm, will be transmitted as livestream.