The opportunity for us to dress up a list of five large-scales sectors of investment favorable in some countries of the continent in the next five years.
RWANDA AND THE CHALLENGE OF SMART CITIES
In the 2018 edition of its Doing Business ranking, the World Bank ranked Rwanda 2nd among African countries where the business environment is favorable behind Mauritius and morocco. This classification whose criteria range from electrification to the ease of business creation, passing through the tax burden and the right property, proves that the country of Paul Kagame has got rid of his old demons to turn toward development.
In 1994, when the Tutsis genocide and the civil war, which lasted four years and led to the massacres of civilians, displaced peoples and an unprecedented economic and political crisis, ended, the country had to start from scratch. The political instability embodied by Paul Kagame, president since the year 2000 today makes Rwanda an economic model according to international wealth holders. In 2017, the government of Rwanda launched a partnership with Nokia and SRG to roll out the technology of smart cities to improve the lifestyle and the social sustainability of Rwandan citizens. This big project also provides investments in connectivity, security, waste management, public service management and health care. Through the May 2017 Transform Africa Summit, which brought together 300 African mayors as well as heads of state and ministers of the continent, President Paul Kagame urged African countries to integrate smart cities into their urbanization strategies. With its capital Kigali, which is a city fully connected to the internet, Rwanda preaches by example, proving that it is now on the road to digital development. Paul Kagame’s country, which is now open to ICT, has understood that digital transformation must be at the heart African continent development, which can lead on many topics such as urban mobility, e-health or connectivity.
RENEWABLE ENERGIES IN ETHIOPIA’S SPHERE OF INFLUENCE
Considered as one of the world’s ten most dynamic economies in the world with a spectacular energy output, Ethiopia is committed to stimulate its growth by turning to the sector of renewable energy. This giant from the horn of Africa has understood that, energy is one of the keys to the emergence and development of Africa. Ethiopia, which has engaged in reducing its greenhouse gas emissions by 64% by 2030, notably thanks to renewable energies, has made considerable efforts to improve its road and railway network and aims to become in a near future, an energetic pole capable of satisfying its own energy needs and exporting electricity to other countries.
On point in the sector of renewable energies Ethiopia, after installing the most powerful wind farm in sub-Saharan Africa a few years ago, has inaugurated a new waste energy recovery factory in August, thanks to the Reppie Waste-to-energy project, the first of its kind in Africa. The factory will incinerate 1400 tons of waste each day and will equally provide the population with 30% of its electricity needs. This project, like any other set up in Ethiopia aims to fight against pollution and adopt renewable energies in all the sectors of the economy.
Ethiopia, which multiplies << green>> projects to diversify its sources of energy, also intends to make use of the Blue Nile, notably with the construction of the largest dam in Africa known as the ‘’Renaissance’’ dam. Started in 2011, the biggest hydraulic power station in Africa was normally supposed to be operational in 2017. This dam is a promise of prosperity for this country whose electricity needs increase by 30% each year. According to local authorities, it will have the capacity to produce 6000 megawatts and will enable the country to increase its export in electricity to its neighbors (Soudan, Djibouti, Kenya, South Sudan and Yemen). Its total cost estimated at $6 billion, was financed by the government, the Ethiopian people and the Diaspora.
AGRICULTURE, A STRATEGIC SECTOR IN MOROCCO
Morocco gave itself the objective of making agriculture one of the growth engines of its national economy in the next fifteen years. Ranked in 18th position by the World Bank in terms of ease of carrying out projects in the agricultural sector, the kingdom of Morocco has undertaken big projects in order to increase its force of proposal in this vital and strategic sector thanks to a constant mobilization around the Green Morocco plan. If the agricultural sector contributes up to 19% of Morocco GDP, it is thanks to positive results, including the strict regulation in this sector. The Green Morocco plan, which has produced significant results leading to the growth of investments, targets modern agriculture and gives itself an objective to consolidate an efficient agriculture adapted to the market, by promoting private investments. In adopting the Green Morocco Plan in 2008, the Sherifian Kingdom has significantly increased public investment in the agricultural sector, which resulted to an increase in cultivated areas, attracting the interest of many West African development actors. The International Agricultural Show in Morocco (SIAM), an annual event that was this year at its 13th edition, also offers a special place to the Green Morocco Plan, as well as strategic orientations in favor of the future of national agriculture. The SIAM equally gives an idea of what is being done at fresh in terms of global agriculture and offers the possibility to develop international partnership.
IN EGYPT, TOURISM IS GRADUALLY RECOVERING ITS NOBLE STATUS
Since 2017, Egypt has not stopped recording positive figures in the tourism sector. At half mast since the 2011 revolution and the attacks that followed, this sector knows a real revival. The Egyptian authorities have set up a tourism revival plan that will permits tourism to regain a new breath of life by leading a major international campaign of 63 million Euros over three years. The country is thus placed on its historical heritage, its numerous UNESCO World heritage sites and the reopening this year of the Grand Egyptian Museum of Cairo. This confidence in the resumption of tourism in Egypt is not only reserved to Egyptian professionals because, several airline companies are working to make their entry into the Egyptian market. Several actions are also carried out by foreign airline companies (low airport taxes, opening of several lines) to develop more connections, both for scheduled flights and chartered planes. Egypt, which considers itself as the cradle of civilizations, equally remains open to tourism professionals around the world. After multiplying in the recent months, announcements concerning the discovery of new archaeological remains, Egypt have also given green light to several archaeological projects hoping to make new discoveries. Therefore, So many initiatives prove that the Egyptian tourism sector has better days ahead of him.
POP NIGERAN MUSIC A FLOURISHING INDUSTRY
A breeding ground of the African music industry for several years, Nigeria with a population of about 180 million inhabitants is a huge market to exploit. The music, which in Nigeria until the early 2000s was dominated by successful British and American songs, now knows the hegemony of local artistes. The musical sector as the government calls it, is the <<The new oil>>. Just like the national film industry Nollywood, Nigerian music has won hearts beyond the country’s borders. To this day, it represents a creative and vital industry on which the government depends to favor de country’s development. A report by Price water house coopers (PWC) makes a positive assessment of the industry by revealing that in 2016, revenues generated by music in the country amount to 39 million dollars, an amount that should jump to 73 million by 2021. To take advantage of this manna Universal Music Group (UMG), a large firm in the music industry has set up its offices in Lagos. The American rapper Jay-Z, boss of the Tidal group, also intends to position itself in the Nigerian market with its streaming service. Tough competition is announced with groups like Spotify, Deezer, Apple and Google Play Music, who settle more and more in Africa. The Nigerian government, which has understood the impact of this flourishing industry in its economy, offers incentives to inventors in the sector, such as investment funds. The ambition is great and the obstacles to brave remain enormous especially in the field of rights and legal protection in these sectors which is riding high in the country of Fela Kuti.