The Mapungubwe Institute for Strategic Reflection (MISTRA) in partnership with the African Center for Economic Transformation (ACET) launched ACET’s 2013 African Transformation Report on 3rd March 2014.
Members of the private sector, donor institutions, state departments from across Africa, the diplomatic corps and media gathered at the Radisson Blu Gautrain Hotel to discuss how African economies can continue growing, but also transform.
The 2014 African Transformation Report draws on ACET’s research program of country, sector, and thematic studies to look systematically at transformation as a broad framework for economic growth and development. It also introduces the African Transformation Index to help African policymakers see how their countries are transforming and where they stand in relation to their neighbours.
The premise of the report is that African economies need more than growth if they are to transform; they need growth with DEPTH. That is, they need to Diversify their production, make their Exports competitive, increase the Productivity of their farms, firms, and government offices, and upgrade their Technology to improve Human well-being.
Founded in 2008 by former Executive Secretary of the Economic Commission for Africa, K.Y. Amoako, ACET is an economic policy institute supporting long-term growth with transformation of Africa’s economies. “Getting the state and the private sector to work together, promoting exports, and developing skills for economic transformation are at the center of our mission,” says Amoako.
The launch of the report came timely, recognising the imperative for a great transformative shift in Africa. Heads of state and government recently endorsed the African Union’s transformation vision for 2063, which aims to address the structural transformation of Africa’s output and trade, strengthen Africa’s infrastructure and human resources and modernize Africa’s science and technology sector.
The report and the country rankings can be found at www.africantransformation.org