From: Abdalah Hamis
From: Abdalah Hamis
Collaboration among African countries a must in the development of foundation infrastructures for jobs and economic growth on the Continent.
Author: Dr. Antipas Massawe/massaweantipas@hotmail.com
Despite of the huge revenues governments on the African continent are earning from the ongoing development and exploitation of nonrenewable natural resources like metals, coal, uranium, diamonds, gemstones other than diamonds, oil, natural gas and industrial minerals, economic growth is still very slow and joblessness escalating on the continent. The individual going African governments are on in the development of their economic growth potentials does not allow mobilizing enough from the revenues individuals are earning from the ongoing development and exploitation of nonrenewable natural resources within their jurisdictions for investing as the seed capital required to enable optimal development of the foundation economic infrastructures enabling stimulation of investments for economic growth and jobs creation where most in need on the continent.
Collaboration among African governments is the only way mobilization of enough could be achieved from the revenues individual governments are earning from the ongoing development and exploitation of nonrenewable natural resources within their jurisdictions for investing as the multinational African seed capital required to enable optimal development of foundation economic infrastructures like hydro, coal, natural gas and nuclear based power generation and transmission; interconnected railway networks, airports, water dams; and fresh water, oil and natural gas pipelines. These are required for the stimulation investments in the economic growth potentials Africa is gifted in its population of more than one billion, favourable climate throughout the year, agriculture, fisheries, forestry, manufacturing and in continental, as well as global trading to speed up economic growth and reduce joblessness on the continent.
Even though many governments on the African continent are already very well aware of the need to use the revenues they earn from the development and exploitation of nonrenewable natural resources in the development of the foundation economic infrastructures required to stimulate investments for jobs creation and economic growth in order to ensure benefit for generations, the intensive development and exploitation of nonrenewable natural resources going on the continent for many years now has failed to contribute significantly in the development of the foundation economic infrastructures required for the continent. Failed because African countries are yet to realize the importance of multinational African collaboration in the mobilization of the revenues African governments are earning from the development and exploitation of nonrenewable natural resources within their jurisdictions for investing as the multinational African seed capital required to enable optimal development of the huge and costly foundation economic infrastructures of scale needed to stimulate investments for jobs creation and economic growth on the continent.
Multinational collaboration is what enabled the small, and therefore unable to achieve by going individually, countries of European Union (EU) to mobilize enough of the huge seed capital they invested in the development of the foundation economic infrastructures of scale in all sectors of modern economy in all countries of EU and EU as whole, enabling EU to become one of the most attractive for investments and prosperous worldwide. They realized and picked on the right course so quickly because history gave them the harsh cold winters to grow in and without any opportunity to beg from others or live on their produce.
Like the EU, the African continent is also fragmented into small, and therefore unable to achieve by going individually, countries which are yet to realize the importance of collaboration in their mobilization of the seed capital required for the optimal development of the foundation economic infrastructures required to stimulate investments for jobs creation and economic growth in all countries of the continent and the continent as a whole by emulating the footsteps of countries in the EU on the same. As a consequence, it is not much of the huge wealth foreign multinationals are creating in their development and exploitation of nonrenewable natural resources on the continent is been invested back on the continent for jobs creation and economic growth in the sectors of economy other than the development and exploitation of nonrenewable natural resources because the individual going by African governments failed to deliver the foundation economic infrastructures which were required to stimulate the investing back.
The individual going practiced by countries on the African continent in the mobilization of seed capital for the development of their foundation economic infrastructures won’t deliver optimal stimulation of investments in the individual countries of the continent and the continent as a whole because practice does not allow to consider the economic growth potentials, the foundation economic infrastructure needs and the contributory potentials of individual countries in the multinational African mobilization of the seed capital required for optimal designing and development of the foundation economic infrastructures required for stimulation of investments in all countries and the continent as a whole. Also, individual going by countries on the African continent won’t deliver the best fit of the individually designed and developed foundation economic infrastructures of the individual countries on the would be collectively designed master plan of the optimal foundation economic infrastructures required for all African countries and the continent as a whole.
Collaboration among African countries in the optimal designing, financing and development of the foundation economic infrastructures required for the stimulation of investments for jobs creation and economic growth in all African countries and the African continent as a whole should consider the following:
Estimates of the potentials of nonrenewable mineral resources and the revenues contributed to the governments by their ongoing and would be future development and exploitation in all countries on the continent (one); Estimates of the already developed and yet to be developed economic growth potentials existing in all countries on the continent and their costs and benefits (two); Foundation economic infrastructures required to enable development of the economic growth potentials existing in all countries on the continent (already developed and yet to be developed), and their costs. (three); Designing of the continental master plan/layout of the continental foundation economic infrastructures required for optimal stimulation of investments in all countries on the African continent and the African continent as a whole and costs per element, based on one, two and three above (four).
Developed master plan (four) should be made available to all countries on the African continent to enable them to consider when designing their detailed national economic infrastructures to ensure best fit on the continental master plan and mutual benefit for all who are sharing the continental foundation economic infrastructures. For example, development of the continental railway system on the continental master plan of foundation economic infrastructures should focus on ensuring uniformity of technical specifications and connectivity among neighbouring national and/or regional sections of the continental railway system in order to enable maximization in the utilization and sharing of idle railway sections, locomotives and wagons among countries and regions on the continent.
Also, developed master plan (four) should be basis in the creation of specialized multinational African companies responsible for the mobilization of the seed capitals required in the development and operation of different economic foundation infrastructures featuring on the continental master plan. For example, a multinational African company could be established to specialize in the mobilization of the African multinational seed capital required to finance development of African nuclear power plant(s) or the Inga hydropower generation potential in the Democratic republic of Congo which feature on the continental master plan. Individual countries or group of several neighbouring countries on the African continent could handle mobilization of the seed capitals required and development of small foundation economic infrastructures whose implementation is not so costly.
Collaboration among African countries in the mobilization of seed capital for the development of foundation economic infrastructures could also include mobilization for investing in private sector lead strategic industries such as the Indian and Atlantic Oceans born large scale fishing and processing and the natural gas based fertilizers manufacturing which have major impact on downstream jobs creation and economic growth in several sectors of the continental economy.
Source:
http://www.wavuti.com/4/post/2013/02/collaboration-among-african-countries-is-a-must-in-jobs-infrastructures-development-and-economic-growth.html#ixzz2M1vmy0k8
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Jobs in Africa – www.wejobs.blogspot.com
International Jobs – www.jobsunited.blogspot.com