What’s New

  • 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 t....
  • Mr. Tito T. Mboweni Appointed as Chairman of the ACET Board

    (image) 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 first black governor of the South African Reserve Bank. As the Minister of Lab....
  • 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 strik....
  • 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 im....
  • A Nine‑Point Plan for Transformational Development Banks

    Sub-Saharan countries can learn from their past experiences to create modern transformational development banks to support their transformation agendas. This does not necessarily mean new banks; in several countries it may call for restructuring some existing institutions and possibly closing or privatizing others. While transformational development banks should not be judged on the same profit-making yardstick as private commercial banks, they should nevertheless be financially viable. H....