What’s New

  • ACET President Joins Jim Yong Kim on “Africa Ascending” Panel

    As a preview to this week’s US–Africa Leaders Summit, ACET President K.Y. Amoako joined Ghana President John Dramani Mahama, R&B and hip-hop recording artist Akon, mobile communications entrepreneur Mo Ibrahim, and others to speak on a forum about Africa’s recent rise. Hosted by General Electric and The Economist at the Newseum in Washington, DC, the panelists discussed the importance of African regional integration, new energy projects ...
  • The Role of Agricultural Supply Chains in ECOWAS Countries

    At the 19th annual conference of the African Region chapter of the Econometrics Society, held in Addis Ababa from July 16 to 19, 2014, the African Center for Economic Transformation (ACET) hosted a session on economic transformation in Africa. ACET agronomist Francis Mulangu shared his work on the interplay between market forces and domestic complementary factors in the production and consumption decisions of agricultural families in Africa. Mulangu is a co-author—along with Guido Porto of the Universidad Nacional de La Plata and Nicolas Depetris Chauvin—of
  • Mr. Tito T. Mboweni Appointed as Chairman of the ACET Board

    It is with great pleasure that I announce that Mr. Tito T. Mboweni is the new Chairman of the Board of the African Center for Economic Transformation (ACET). Mr. Mboweni brings a wealth of leadership experience from business, government, and academia, which will positively inform ACET’s direction. A trailblazer in the ownership of Africa’s future, his credentials include, amongst others, 10 years as the ...
  • Three Objectives for State-Business Collaboration in Africa

    While the state would contribute to economic transformation, it is entrepreneurial firms, both large and small, that will spearhead the creation of employment and the production and distribution of goods and services that drive economic transformation. That is why government should create mechanisms that bring it into regular contact with business to seek its inputs. Organized labor is another key part of the collaboration, particularly in democracies where it can exercise the right to strike. Also in democracies, popular support for the economic transformation vision is necessary to gain acceptance for the difficult reforms that may be required. State-business engagements should pursue three objectives: first, get business inputs on ...
  • Building the Entrepreneurial Nation in Africa

    Economic transformation entails learning and mastering new technologies, learning to produce new goods and services competitively for global markets, and breaking into new export markets. It thus requires taking risks—making bold, but informed bets. In a sense, it requires the whole nation to become entrepreneurial. The state and the private sector have their respective roles in advancing this goal, and working together they can leverage each other’s contributions for a greater collective impact. The state, given the constraints on human and financial resources, needs to focus on core transformation functions and perform them well. This will require creating centers of excellence in the public service by ...