2008 State of Africa Report
The 2008 State of Africa Report was released February 16, 2009 in Johannesburg, South Africa
Highlights From The African Leaders’ State of Africa Report 2008
In a context of global crisis two words define the political situation of the countries featured in this year’s report – change and resilience.
- The unity government in Kenya has proven to be the solution to last year’s election crisis, which encapsulates change. That Kenya remains on the list of Africa’s viable democracies is reflection of resilience.
- In his contribution to this year’s State of Africa Report, Ghanaian President John Kufour wrote confidentially of a country about to enter its fifth cycle of Presidential elections. That confidence has been borne out in another peaceful transition of power in Ghana.
- Tanzanian President Jakaya Kikwete reflects on the challenges of managing the union of Zanzibar and the Republic, while equally confident that the spirit of umoja (unity) that has characterized this union from the beginning will define that relationship into the future.
- In his letter to the nation, South African President Kgalema Motlanthe assures the nation that despite the unanticipated change in leadership, South Africa’s democracy is alive
and well, in both in spirit and constitutionally.
- In his last contribution to the African Leaders’ State of Africa Report, the late Levi Mwanawasa, President of Zambia,
offered a fitting summary to where the continent is politically and economically. His insight proves to be a fitting epitaph for one of Africa’s most capable leaders. He wrote, “even where progress is modest, we must still recognize it because it signals that, at least for now, the worst may be over if we continue to make the progress that we have been making.”
Investment and Development Highlights
The Citizen Entrepreneurial Development Agency has so far approved 177 projects valued at P124 million ($16,020,807) in the current financial year; bringing the total number of projects financed through the programme to 2,229 at a total value P1.27 billion ($164,084,074). These have already created 12,567 new jobs.
The successful and spectacular issuance of a Eurobond on the London Stock Exchange to raise $750 million for infrastructure development was over subscribed by over $3 billion, and this was Ghana’s first attempt ever on the market.
This year witnessed a significant increase in the number of investors seeking investment initiatives through the National Investment Commission [among which] included $30 million from noted African American Robert Johnson.
The arrival of nearly 771,000 tourists and an increase in lodging capacity by 17,000 beds [translates into] the collection of receipts on the order of $163 million, which corresponds to a growth rate of seventeen percent. [This has meant] the creation of more than 37,000 new jobs, fifty percent of which are occupied by women.
The National Housing Enterprise (NHE) in 2006 – 2007, more than N$30 million was invested in the construction of new homes. For 2007 – 2008 period, an amount of about $N76.2 million was budgeted to build 700 new homes.
In the programme to provide sustainable human settlements, [South Africa] is now able to provide 260,000 housing units per annum, and an agreement has been reached with the South African Local Government Association to place a moratorium on the sale of land that can be availed for the housing programme.