Five investment sectors
with high profitability, create added value .
Agriculture, livestock and fishing are the main livelihoods in the West African region, employing 60% of the workforce but the agricultural sector contributes to GDP to 35%. Agriculture is also the sector that underpins the development of export capacity of States.
In fact, the market opportunities for operators in the sector are becoming more dynamic. And to answer a request for increasingly large and varied initiatives such as the Agricultural Productivity Program in West Africa (WAAPP), established by ECOWAS, strive to build a food system that promotes complementarity ecosystems and agro-ecological zones of the various Member states of the region.
However, the implementation of such a device requires significant investments in terms of agricultural equipment, food security and improving value chains.
Despite the significant investments made since fifteen years in infrastructure needs remain largely unmet, on a very large territory. However, efficient infrastructure linking the different economic sectors, give coherence to the production system, reduce disparities of opportunities between cities and the countryside and ensure a better distribution of wealth among the different strata of society and between zones urban and rural.
The implementation of major development projects of road, rail and river will make it a shared wealth creation lever: completion of the trans-Sahelian highway linking Bamako to Dakar, construction of roads to the ports of Nouakchott, Dakar and Conakry rail link between Mali and Nigeria, building river ports in some areas in Mali, Senegal and Mauritania to Mali from opening up the Senegal River, etc.
The digital can allow countries in the sub-region to overcome the traditional development process to skip steps and accelerate economic growth, but also to manage their resources more effectively and to expand access to essential services even the most vulnerable populations.
Currently, revenues from mobile telephony are three times those of developed economies on the continent. Also, the last four years, the share of the population with Internet access rose from 10 to 20%. This trend is explained by the youth of the population of West Africa: 50% of them under 19 years and is predominantly urban.
This demographic dynamism entails, de facto, the emergence of new needs, connectivity Practice: digital brings countries reduced barriers to trade and offer new windows of opportunities for young entrepreneurs. Thus, by applying new technologies to value chains, West Africa can be a forerunner in the fourth industrial revolution.
The West Africa does not have a sufficiently strong production base due to an industrial fabric made up of obsolete equipment; the region is one of the less integrated in the productive segments of global value chains. For example, West Africa produces and exports 65% of cocoa beans in the world. But because it does not transform, it receives only 3.5% to 6% of the final price of a chocolate bar.
Industrial Policy in West Africa Common (WACIP) which intends to increase to 30% the share of industry in GDP in the region by 2030 is an ambitious roadmap that is to work in for accelerating the industrialization of West Africa through the promotion of endogenous industrial processing of local raw materials, the development and diversification of industrial production capacities, and strengthening integration regional and export of manufactured goods. This framework provides a unique investment potential for equity holders.
Integrators projects aim to strengthen links between the economies and the global competitiveness of the region. They are vital to broaden the scope of infrastructure provision can facilitate intra-Community trade and productivity in the region. In fact, they require significant funding contributions that States, alone, have trouble fully satisfy.
In this sense, the Public-Private Partnerships appear as a preferred solution for use mixed models of co-financing or funding. Acting on the medium / long term development, they help to provide regional public services quality by using the expertise and private-sector innovation, while relying on the credibility of States.
Under the leadership of institutions such as UEMOA and BOAD, the West Africa emerged in 2017 as the region with the highest number of PPP projects, for about 120 billion.