The environment and narrative around Africa are undergoing major changes. Many African countries offer huge opportunities for investment and trade, while others still have a large informal sector, unstable institutions and unsolved ethnic conflicts. These struggling countries need capital and will likely remain behind, affecting the continent’s stability and the world’s economy. While China has achieved an increasingly important role in the continent, EU policies have not changed and it is time for a reassessment. For a sustainable and stable economic transformation, African governments should not limit themselves to reacting to emergencies, but need to develop a long-term perspective, with a focus on investments in infrastructure and human capital. Investors and donors should envisage innovative long-term policies, going beyond aid and sponsoring an equal partnership.
Chair: Giorgia Giovannetti, Vice President for International Relations and Professor of Economics, University of Florence.