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4.0 The Role of Governments: Microfinance in Africa - Experience and Lessons from Selected African Countries
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| In several African countries—for example, Ghana, Guinea, Tanzania and Uganda—
governments have in the past relied on state-owned banks to extend rural credit and
microfinance services. |
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Improving Management of Oil Revenue during Periods of Price Booms
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| With more than 100 billion barrels, Africa had 9 per cent of the world’s oil reserves by the end of 2003. Half are
located in North Africa. In sub-Saharan Africa, the oil-producing countries can be divided into three categories: the
old ones where production is in decline (Congo, Cameroon and Gabon); those where production is still on the
increase (Angola, Nigeria); and the new members of the club (Equatorial Guinea, Chad and São Tomé and Principe).
However, most of these countries have suffered from the “oil curse” finding themselves heavily indebted and
impoverished. |
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IV. B. Private Investors: THE ROLE OF THE PRIVATE SECTOR
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| While the deals of Chinese state-owned oil companies such as CNPC, CNOOC, and
SINOPEC in Angola, Equatorial Guinea, Nigeria, and Sudan caught headlines, millions of
U.S. dollars were being invested by Chinese private enterprises in Africa with little fanfare
(Box 1). These investments are not confined to textiles and mining. They cover a variety of
services from agriculture to processing and manufacturing. |
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The African Market: Challenges for SMEs and Responses
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| In the presentation of WUSME World Union of SMEs on 20th May 2011 at the VI.African Summit, chaired by the former President of the Federal Republic of Nigeria H.E. Obasanjo, the market trends and opportunities for Micro- Small and Medium Enterpriseswere summarized as follows: Focusing on the economic development in the „Danger Zones” of the African Continent, the Sub Saharan Countries remain a challenge and urgently need to be addressed. These are the African Savanna and Sahel: Niger, Sierra Leone, Mali, Burkina Faso, Guinea-Bissau, Central African Republic, Chad, northern Uganda, Ethiopia and Somalia.
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