Presentation by Dr. Phil Osagie, Global Strategist JSP Canada Communications Corporation for IDSA02, Experiencing Development in Africa

2. Presented at: University of Toronto
‘Experiencing Development in Africa’
On: 25 January, 2013

4. Scope of Presentation

 Introduction
 Perception and misconception about Africa & Why
 The Reality check
 Opportunities in Africa
 Fighting Poverty with investments
 The future

5. Current perception about Africa
 One country!
 Lions and monkeys…and more animals!
 Huts everywhere
 Famine and drought
 Corruption and autocracy
 Darkness
 Guns and wars
 Inefficiencies and poor infrastructure
 Malaria, HIV and diseases
 Diamonds and oil

6. Why the perception

7. WHY?
 Media agenda
 ‘Emotional blackmail’ and fund raising
communications by donor seekers & Western NGOs
 Poor information management by African nations
 Continental corruption
 The hard facts themselves
 ‘The law of Repetition and negative reinforcement-
“What you hear repeatedly, you will eventually believe.”

8. 60+ FACTS& FIGURES ABOUT AFRICA
 Africa accounts for 90% of malaria deaths
 One in six children die before the age of five
 Measles takes the life of a child nearly every minute
 Over 12 million children orphaned by HIV Aids
(UNICEF)
 Average water use and consumption is 20 litres a day
(Compare 150 in UK and 600 in US and toilet use in
UK)
 547 million live without electricity

9. Facts….
 Mostly ‘mono economies’- excessive dependent on
commodity exports and natural resources
 The least diversified region in the world
 By 2025, one in every 4 young people in the world will be
from sub Saharan Africa
 72% of the youth population live on below 2$ a day
 Cost of investment finance and borrowing highest in the
world
 Over 39 million children are underweight
 Nearly 400,000 women die from maternal deaths yearly

10. Facts & …
 Corruption concerns
 Over $145 billion leaves the continent every year and
Africa’s political elites hold over $700billion in offshore
accounts (AU)
 Someone dies of starvation every 3.6 seconds
 Less than 50% of the population have access to doctors
 Over 80% of farmers are women
 Poor infrastructure reduces productivity by over 40%
 33% of population have no access to water
 Only 1 in 4 has access to electricity

11. Facts…
 Agric. Sector employs over 65% of population
 Africa uses less than 5% of its annual renewable fresh
water
 Access to improved water supply is world’s lowest
 Highest urban population growth
 By 2030, almost 700 million will be in urban cities
 Africa’s small enterprises contribute more than 80% of
output

12. Facts &…
 Over 80% of farmers in Africa are women
 Over 23m girls out of schools- world highest
 Over 100 million women use rudimentary farm tools
 Spend 2000 hours a year weeding
 Women still face severe cultural barriers
 Continent with the greatest amount of civil wars
 Cost of exporting and importing a container of goods
is highest in the world- 4 times cost of China
 30% of its infrastructure needs rehabilitation
 95% of its hydro power still untapped

13. MORE ECONOMIC FACTS

14. More facts… the good
 Africa’s economy expanded by 4.7% in 2010 and is
expected to grow to almost 6% by 2013
 Fastest urbanization region in the world- 39.7 in 2005
to 53.5% in 2030
 Produces over half of the world’s diamonds
 Over 50% of the world’s gold
 Collective GDP of $2.6 Trillion by 2020
 Over 1.1 billion would be of working age by 2030

15. Facts….
 Home of the world’s biggest open markets- over 3m
daily to Nigeria Onitsha market
 Six of the world’s fastest growing countries in past
decade ( Economist)
 Fastest growing middle class in the world- 60 million
now and 100 million by 2015
 Direct Foreign Investment up by 1000% over past
decade ( $55 billion in 2010 alone)
 Mobile phone revolution- from 50m in 2002 to over
600m users- more than Europe and America)

16. Facts…
 2,375% growth in number of people with access to the
internet
 Home of richest black person in the world- the $13B cement
king Aliko Dangote ( not Queen Oprah Wimphrey)
 Labour productivity on the increase
 Trade between Africa and rest of the world increased by
2000% since 2000
 Inflation down from 22% in mid 1990s to below 10%
 Increased privatization and reducing central role of
Government

17. Facts…
 Growing women influence
 Women entrepreneurs own over 25% of registered
businesses in Nigeria
 Manufacturing exports up by almost 10% per year since
2000
 Direct Foreign investment projects on the rise- over $900
billion FDI in 2011 alone
 Forecast to grow faster than any other region in the world
 Growing number of billionaires
 “Land of the low dangling trees”- record high margins

18. DARK & HOPELESS? NO!

19. Some unusual facts
 Large underground economy- almost two-
thirds of the formal economy (Global
underground economy around $10 Trillion)
 Work is not almighty! People find alternatives
 Informal merchants everywhere
 Anybody can start a business!
 Extended family social welfare system

20. Can investments fight poverty?
 The African paradox- poverty & splendor side by side
 Squandering of riches
 Role of Governments- need for new developmental
frameworks
 Need for greater sincerity of purpose by corporate sector
 Call for redefinition of capitalism

21. Unleashing the
Entrepreneurial Spirit

22. Outlook & Conclusion-
From Hopeless to Rising

23. VIDEOS …play
 http://impactofinformationsystemsonsociety.wordpress.co
m/2012/12/05/how-it-innovation-is-transforming-africa/
FACTS VIDEO
 http://youtu.be/5kamlf-uAHU FACTS. DID U KNOW? 1
 http://www.youtube.com/watch?v=ELc4dv78G4c AFRICA
CITIES BIG. 2
 http://youtu.be/vddX4n30sXY KOFI GOAL
 http://www.youtube.com/watch?v=_gl_ZDDasAc AFRICA
TIME. 3
23

24. References
• http://www.globalissues.org/article/26/poverty-
facts-and-
statshttp://www.un.org/esa/analysis/wess/wesp201
1files/2011wesp_pr_africa_en.pdf
• http://www.africaneconomicoutlook.org/en/outlook
/http://www.oecd.org/document/16/0,3746,en_264
9_33731_48794320_1_1_1_1,00.html
• http://www.mckinseyquarterly.com/Whats_driving_
Africas_growth_2601

25. REFERENCES
• http://blogs.hbr.org/cs/2012/03/what_africas
_entrepreneurs_can.html
• http://impactofinformationsystemsonsociety.
wordpress.com/2012/12/05/how-it-
innovation-is-transforming-africa/
• http://www.youtube.com/watch?v=_gl_ZDDa
sAc
25

26. References
• http://www.bloomberg.com/news/2011-06-
28/clinton-tells-envoys-africa-economies-would-
fail-without-the-toil-of-women.html
• http://www.liberationafrique.org/IMG/pdf/TJN4
Africa.pdf
•
http://www.unmillenniumproject.org/documents
/3-MP-PovertyFacts-E.pdf
http://www.economist.com/node/21541015
• http://www.economist.com/node/21541008

27. Thank
you

28. Dr Phil Osagie
 Global Strategist of JSP Communications & specialist
on Emerging Markets and Africa
 Email: emergingmarkets@jspcanada.com,
drphil@jspcommunications.com
 Tel: +14167296945, +2348035651565
 Web: www.jspcanada.com, www.jspcorporate.com