In many African countries, that accounts for more than 5% of the world's reserves of raw materials (like Nigeria, Angola, Equatorial Guinea, Congo) and more than 30% of the world's mineral resources and rare metals, investors are usually received on red carpets.
Although economic growth is visible, development of these countries is relatively low. While GDP has increased between 5 and 6%, the pace of GDP per capita, is noticeable slow each year. An example would be Ethiopia with a very low GDP per capita, even though the economy is booming by exporting coffee and gold.
The privatization of the mining sector did not benefit the population of Zambia, even though the economy continues to grow strongly through the transport of copper. Because of the different economic dynamics, poverty persist as the rise of the middle class does not occur as forecasted.
The mass of the population lives with less than $ 1 a day, while a small group of African middle class can spend 10 to $ 20 a day. Is this the so-called African capitalism? What are the opportunities for an independent capitalist development in Africa? With this event, we want to provide a sound overview of the position of Africa in global capitalism.
|Event Date||27-05-2017 10:00 am|
|Event End Date||27-05-2017 5:00 pm|
|Registration Start Date||08-10-2016|
|Cut off date||23-05-2017|
|Location||Lensing-Carrée Conference Center: Medienhaus Lensing|