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
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