ACET’s Founder and President, K.Y. Amoako, has revealed that “Europe’s Compact with Africa” will need strong partnerships with African institutions.
Dr. Amoako made this interesting revelation as a keynote speaker at the just ended forum held in Berlin, Germany under the theme “Africa’s Economic Transformation within the Context of the G-20 Partnership with Africa.”
The one-day meeting, organised jointly by the African Center for Economic Transformation (ACET) and the Konrad Adenauer Stiftung, is the G20 Compact with Africa.
In a statement issued in Accra and made available to this paper, the meeting afforded African policy makers, leading practitioners and development thinkers the opportunity to meet with development partners to formulate common positions on African economic transformation to present to Group of 20 (G20) leaders.
According to the statement, the meeting included rich panel and roundtable discussions on the need for a paradigm shift in international cooperation and a case study of Ethiopia presented by Arkebe Oqubay Metiku, Minister and Special Advisor to the Prime Minister of Ethiopia.
The statement also noted German Chancellor Angela Merkel’s promise to make the “issues that concern Africa” one of the top priorities of the July 2017 Group of 20 Summit, which Germany will host in Hamburg.
Dr. Amoako then briefed the meeting about the Pan-African Coalition for Transformation (PACT), which was launched in Kigali a year ago.
ACET is the secretariat to PACT, which is a vehicle for coordinated transformative policy action across Africa, based on well-evidenced, multi-country research.
It mentioned German Parliamentary State Secretary, Thomas Silberhorn keynote address which he signalled that the G20 Africa Initiative envisages more development financing from domestic resources.
“Africa is a dynamic continent,” Mr. Silberhorn said, adding that the new “Marshall Plan” for Africa was not the same as previously.
In six breakout sessions on youth and skills, extractives and local content, light manufacturing, agricultural modernisation, trade facilitation and regional integration and finance, expert presentations and informed discussions focused on formulating recommendations ahead of the G20 July meeting.
Closing the meeting, Konrad Adenauer Stiftung’s Africa Director, Andrea Ostheimer, reiterated the need for a radical paradigm shift in aid.
“ACET will be part of the final G20 process meeting in Berlin,” Ostheimer assured delegates.
Based in Accra, ACET is an economic policy institute supporting Africa’s long-term growth through economic transformation.
The Konrad Adenauer Stiftung, which hosted the conference at its Berlin Akademie, is a German political party foundation associated with but independent of the Christian Democratic Union.