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Africa's Development Dynamics 2023

Investing in Sustainable Development

image of Africa's Development Dynamics 2023

Africa’s Development Dynamics uses lessons from Central, East, North, Southern and West Africa to develop policy recommendations and share good practices across the continent. Drawing on the most recent statistics, the analysis of development dynamics aims to assist African leaders in reaching the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.

This edition explores how Africa can attract investments that offer the best balance between economic, social and environmental objectives. Its fresh data and analysis aim to help policy makers improve risk assessments, strengthen African-led partnerships, and accelerate regional integration in ways that increase sustainable investments. Two continental chapters examine Africa’s investment landscape and related policy priorities. Five regional chapters offer tailored recommendations in strategic areas including natural ecosystems, renewable energy, climate finance and agri-food value chains.

Africa’s Development Dynamics feeds into a policy debate between the African Union’s governments, citizens, entrepreneurs and researchers. It proposes a new collaboration between countries and regions, focusing on mutual learning and the preservation of common goods. This report results from a partnership between the African Union Commission and the OECD Development Centre.

English Also available in: Portuguese, Italian, French

Africa’s sustainable investments in times of global crises

This chapter makes the case that African countries need more sustainable investments to create jobs and promote inclusive growth. It outlines the extent to which sustainable investments and financing have not met the many opportunities that the continent offers and analyses the potential for improvement. The chapter first assesses the sustainable investment landscape that is emerging from the concurrent crises of the COVID-19 pandemic, the global repercussions of conflicts and climate change and provides an estimate for the continent’s sustainable financing gap. Second, it examines low investor confidence and the high cost of capital as specific investment barriers that these crises have amplified. Third, the chapter identifies investment linkages with small and medium-sized enterprises, intra-African investments and institutional investors as three domains offering untapped potential to support Africa’s regional integration and sustainable growth.

English Also available in: French, Portuguese

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