Financial Literacy

In my early encounters with both seasoned and newbies in financing for development, documenting and reporting about the outreach and communication, it became obvious that you have huge misunderstandings on both sides on the aisle (donors-investors and recipients)… Specific to sub-Saharan Africa, and also to a larger extent other regions in the world, when expectations usually are not communicated, roles left to assumption, this could jeopardize the “relationship” in that framework. Whether risks are downplayed or returns overblown, it’s my role to reasonably define key necessary each parties make certain the Plan forward is well understood and updated when necessary.

In today’s sub-Saharan Africa’s investment needs framework, it’s likely that opportunity gap will probably be affecting absence of performance in areas highly called much needed so that local livelihoods rely on. Basic infrastructure in food, agriculture, health insurance and education has been provisioned without much relation to its medium and long-term impacts or perhaps sync to local private actors’ interests. The lost decades of increase in the seventies, finding yourself in part used on such poor planning cycles from donors’ perspectives.

Due to early stage’ markets in sub-Saharan Africa, investors in many cases are made up of local entrepreneurs, with a small number of trans-border participation such business opportunities. Endogenous investors often gain from residual setbacks and unfulfilled demands from donors’ investments. Despite, the African supermarket expanding with estimates showing that it is going to be worth US$1 trillion by 2030 up in the current US$300 billion. Key challenges remain to allow optimal transition in their enterprises into thriving businesses.

Recipients representing most 90% on the development aid resources are poised, with practically no preparation, to meet the delicate task of producing the grains and harvesting it with aid of women and families in the typical smallholders’ farmer settings. On that note, interest in food is also projected to at the least double by 2050.

These trends, combined with continent’s food import bill, estimated for a staggering US$30-50 billion, indicate make fish an opportunity exists for smallholder farmers, already producing 80% on the food we eat.

At this Juncture, there’s obviously no interaction between donor’s perspective, entrepreneurs and beneficiaries. Wherever resource allocation is sought to being made, as a result of skills scarcity and institutional instability, better outreach and communication must be conducted for sake of ownership therefore accountability in project deliverables…

One Comment

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    August 27, 2019

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