AFRICA IN A TRANSACTIONAL WORLD
Can a New Deal Between State and Private
Sector Deliver the Continent a Winning Hand?
In Africa, the potential effects of this paradigm shift are clear. Financing African growth will become harder, with capital seeking safe haven due to economic volatility, governments needing to step in where development aid has been cancelled, and the costs of living and debt-servicing reaching new heights. Faced with this reality, African leaders have little room to manoeuvre.
But this transactional approach to trade and foreign policy is also an invitation to recognise that the private sector can be Africa’s real superpower. Because our economic resilience now hinges on agricultural self-sufficiency, financial innovation, digital acceleration, and industrial capacity that only the private sector can deliver.
It’s now time for governments to strike a New Deal with the African private sector. A New Deal anchored on three pillars:
- Improvement of Governance and Accountability. Can African governments foster a more business-minded approach to policymaking? Will a new generation of leaders take the bold decisions and investments required? How can tech-enabled governance raise
policy impact? - Targeted Public Policies Addressing Africa’s Structural Challenges. How can smart industrial policies promote value addition in strategic exports? Which domestic industries should be prioritised
for a productivity revolution? Can Africa capitalise on a closing industrialisation window in energy, labour and manufacturing? - Accelerated Continental Free Trade Agreement Implementation. When will the political obstacles to the AfCFTA finally be removed? Which transport, power and digital infrastructure should be prioritised to create real economic corridors? Can the AfCFTA pool African economic power in a confrontational world?
In a world in which the nexus between public and private is at its peak, the Africa CEO Forum will convene 2,000 CEOs, investors, heads of state, and ministers to deliver Africa a winning hand. On 12-13 May 2025, let us assert ourselves in a transactional world and give the private sector an unequivocal mandate to defend the interests of the African continent.