CGD’s Mikaela Gavas joins Gyude to discuss barriers to private investment in health and infrastructure projects and how a new initiative—an Accelerator Hub—could help local businesses and institutions in Africa develop financially viable proposals and connect them with investors.
CGD Policy Blogs
Through its European Investment Advisory Hub, the European Union (EU) has built solid experience in project preparation within its own borders by connecting project promoters and intermediaries with advisory partners who work directly together to help projects reach the financing stage. Building on this approach, we propose the establishment of an Accelerator Hub, which would provide targeted support to identify, prepare, and develop investment projects in Africa.
The Nigerian tech sector is booming, as is their youth population. This blog outlines findings from a new CGD report with the World Bank, showing how skill building schemes and managed labor migration could provide opportunities for Nigerian youth while expanding the tech sector.
We look at the challenges that Europe faces with an aging population, and ask if the challenges that Africa faces with a burgeoning working-age population might be a mutually beneficial part of the answer. We think they might, but not under “business as usual” immigration policies. Current forecasts as well as some we make ourselves suggest migration will fill only a small part of Europe’s looming labor shortage, and African migrants will be a comparatively minor component of that migrant flow. That’s a huge lost opportunity for both continents.
The current state of migration cooperation between Africa and Europe is far from this ideal. True partnerships should focus on promoting economic opportunity in countries of origin and expanding legal pathways, both from Africa to Europe and within the continent. Currently, African governments are left responding to Europe’s short-term thinking without collaboration towards long-term mutual gain—a scenario that undermines the potential for joint initiatives that can benefit both Africa and the EU.
In the wake of the COVID-19 crisis, many sub-Saharan African countries will face serious economic crises and shrinking public spending. If countries are unable to spend more, they need to spend better. Europe has leading expertise in building institutions for priority-setting in health, making it an obvious potential source for collaboration with the Global South.
With both the United States and China emerging as spoilers in the international system, Africa’s efforts to increase its economic power will only succeed if met with a more expansive European foreign policy, backed by an increase in resources to match such ambitions.
This piece was first published by Friends of Europe, please see the original article here.
Commissioners Johansson, Schinas, and Urpilainen: Here’s How You Can Use Legal Pathways to “Manage Migration”
Earlier this month three future European Union (EU) Commissioners were given the green light by legislators to lead the migration portfolio—despite the fact that the confirmation of the entire Commission is still pending.
Unpacking the Relationship between Migration and Development to Help Policymakers Address Africa-Europe Migration
European policymakers are currently meeting in Brussels. Top of the agenda: controlling irregular migration from Africa. To make this work, here’s what they need to understand about the relationship between migration and development.