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Slide subtitle
Trade Transformation in Sub-Saharan Africa
and Market Access Opportunities for U.S.
Companies
Presenter: Kemi Arosanyin
Director, Africa Trade Expansion Program
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Sub-Saharan Africa (SSA)
Sub-Saharan Africa (countries
below the Sahara desert)
48 countries are categorized
under Sub-Saharan Africa (World Bank)
Total Population – 1.033 billion
(World Bank, 2016)
Population Projection by 2050 –
2.5 billion (United Nations)
Population Growth Rate – 2.7% ,
Urban Population – 37%
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SSA Economy (GDP Growth Rate)
11%
23%
8%
23%
21%
18%
21%
17%
21%
16%
21%
15%
21%
13%
21%
25%
10%
GDP: $1.51 trillion (World Bank, 2016)
Average GDP Growth: 4.5% (IMF, 2008 - 2017)
Some economies remain one of the fastest growing
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TOP AFRICAN ECONOMIC GROWTH PERFORMERS OF 2017-2018
Source: IMF Regional Economic Outlook, October 2017.
Table: Brookings – Foresight Africa
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U.S. – SSA Two-Way Trade Stats
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CHINA’S ENGAGEMENT WITH THE CONTINENT
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Trade Transformation Process – The Infrastructure Agenda
Infrastructure deficit in Sub-Saharan Africa, a major holdback on development, trade &
investment
High cost of doing business
Unfavorable image
Foreign direct investment
Infrastructure gap is $108 billion per year
Infrastructure funding organizations
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INFRASTRUCTURE PROJECTS
Mombasa-Nairobi Railway – Kenya ($3.2Bn)
Standard Gauge Railway – Kenya ($3.8Bn)
Ethiopia-Djibouti Railway ($4Bn)
Dar es Salaam Port Expansion – Tanzania ($11Bn)
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Country Project Sector US$bn
Nigeria Olokola Deep-sea Port Shipping & Ports 12
Nigeria Lagos Free Trade Zone Port
Shipping & Ports 6
Ethiopia Awash-Woldia-Hara Gebeya Rail Project
Transport 1.7
Kenya Nairobi-Naivasha Rail Project
Transport 1.5
Ethiopia Mieso-Dire Dawa-Dewele Railway Line
Transport 1.2
Tanzania Central Railway Transport 1
Source: Deloitte analysis, 2017
TOP INFRASTRUCTURE PROJECTS IN 2018
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African DFIs (9.2%) Private Domestic (14.5%) South Africa (1.7%)
China (15.5%) France (2%) Brazil (1.3%)
Governments (27.1%) UK (2%) European countries (4.3%)
International DFIs (13.2%) US (3%) Single countries (6.3%)
Source: Deloitte analysis, 2017.
Who funds?
China (28.1%) South Africa (3.3%) Turkey (2.6%)
France (5.3%) US (3.3%) Other African countries (2%)
Italy (5.6%) International Consortiums (4%) Other European countries (5.9%)
Portugal (3.3%) UK (2.3%) Other Asian countries (6.6%)
Private Domestic (22.1%) Brazil (2.3%) Other single countries (3.3%)
Source: Deloitte analysis, 2017
Who builds?
Who Funds? Who Builds?
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Infrastructure
o Power
o Transportation Systems
o Healthcare
o Housing
Consumer Goods
Huge Population
Urbanization Rate
Growing Middle Class
Natural Resources
Abundant Land and Water
Rich in Mineral Resources
Agriculture
Where are the Opportunities?
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On-going negotiation for the “Continental Free
Trade Area” to create “One African Market”
Improved efficiency in cross border trade with the continent
Harmonization of customs procedures within each
sub-region
Implementation of the Electronic Single Window
systems
Other Trade Facilitation Progress
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Market Access Strategies
One Country, One Approach
Local Partnership/Local Connection
» Acquisition of established local firms e.g professional services, agro-business and IT firms.
Trade missions and events
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Market Access Information - Events
Africa Trade & Investment Global Summit (ATIGS) 2018
Date(s): June 24, 2018 –June 26, 2018
Location: Washington, D.C., USAWebsite: http://atigs2018.com
Southern African International Trade Exhibition (SAITEX) 2018
Date(s): June 24, 2018 – June 26, 2018
Location: Johannesburg, South Africa
Website: http://saitexafrica.com
Intra-African Trade Fair (AFREXIMBANK) 2018
Date(s): December 11, 2018 – December 17, 2018
Location: Cairo, EgyptWebsite: http://afreximbank.com
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