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This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa's foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects. However, the majority of the funds are loans, which are mortgaged on Africa's natural resources. In addition, Chinese firms are the ones implementing the projects, and much of the raw material and labor is imported from China. All these calls for Africa to institute a coherent foreign finances policy that ensures African countries fully benefit from these finances.

Wamboye and Fayissa provide a timely and comprehensive treatise on the sectors that shape economic growth and development of African countries. This handbook is a valuable addition to the literature, and a good read for academicians and policymakers. -Roger White, Whittier College, USA In this timely handbook, Wamboye and Fayissa present a thorough sectoral analysis for Africa countries and implications for the Continental Free Trade Area. It should be a must read for policymakers and academicians. -Adugna Lemi, University of Massachusetts, USA This handbook provides a useful overview, with fresh new insights of the problems/prospects for sustainable economic development in Africa. It is a welcome addition to what we know about the relative importance of economic sectors in Africas growth prospects. -Gregory N. Price, University of New Orleans, USA This handbook offers evidence-based, holistic analyses of the past and current state of Africas economic sectors, with policy recommendations for enhancing future economic growth and sustainable development. It explores the potential benefits that these sectors could harness from the Continental Free Trade Area (CFTA) agreement. It is an interesting read for graduate students, policymakers, and practitioners Evelyn F. Wamboye is Associate Professor of Economics at the Pennsylvania State University DuBois, USA, and a non-resident Visiting Fellow at the Center for Global Development, Washington, DC, USA. She is the President of the AFEA, co-editor of GTD, and Editor-in-Chief of JAD. Her research is in international economics and international development. She has published numerous articles in refereed journals, a number of book chapters, and three books. Wamboye holds a Ph.D. in Economics from the University of Wisconsin Milwaukee, USA. Bichaka Fayissa is Professor of Economics at Middle Tennessee State University. He holds a Ph.D. in Economics from the University of Tennessee, Knoxville. His research focuses on the economic growth and development policies of African countries related to remittances, tourism, aid-for-trade, and international trade. Fayissas publications have appeared in World Development, Journal of Development Studies, Applied Economics, Journal of International Development, The World Economy, and Tourism Economics.

The service sector accounts for a huge proportion of global employment, and is the biggest driver of gross domestic product in developing nations. Yet there has been little research uncovering its scope, potential and implications on sustained and inclusive economic growth. This is especially true for Africa, which has seen a strong growth trajectory in recent years. This book presents a new frontier of research, offering insightful perspectives on the 21st-century realities of the service sector and its effect on economic development in Africa. The analysis presented here will be of relevance to academics and policymakers with an interest in Africa's role in the global economy.

AbstractThis article investigates the effect of various information and communication technologies (ICTs) on labour productivity growth, using a sample of 43 sub‐Saharan African countries. The authors' findings show significant increasing returns for labour productivity growth from fixed‐telephone and mobile‐cellular penetration, confirming the presence of network effects. Specifically, doubling the current proliferation rate of fixed and mobile‐cellular telephones increases labour productivity growth by approximately 0. 12–0.15 per cent, and 0.05 per cent, respectively. Furthermore, the results point to financial inclusion as one of the possible channels through which mobile‐cellular subscriptions affect labour productivity growth in sub‐Saharan Africa.

ResumenSe investigan los efectos de las TIC en la productividad del trabajo en 43 países subsaharianos. Se observa que el desarrollo de la telefonía fija y móvil celular estimula el crecimiento de la productividad en forma de retornos crecientes, lo cual confirma la presencia de efectos de red: cuando se duplica la tasa de penetración de la telefonía fija y de la móvil, el crecimiento de la productividad del trabajo aumenta en alrededor de 0,12–0,15 por ciento y 0,05 por ciento, respectivamente. La inclusión financiera aparece como uno de los posibles vectores de los efectos de la telefonía móvil en la productividad en los países estudiados.

RésuméLes auteurs examinent les effets des TIC sur la productivité à partir d'un échantillon de 43 pays d'Afrique subsaharienne. Ils concluent que le développement des téléphonies fixe et mobile stimule la croissance de la productivité dans un processus à rendements croissants, confirmant l'existence d'un effet de réseau. Ainsi, la multiplication par deux du taux de pénétration des téléphonies fixe et mobile augmente les gains de productivité de 0,12 à 0,15 et 0,05 pour cent environ, respectivement. En outre, dans la région, l'accès facilité aux services bancaires et financiers serait l'un des vecteurs de l'effet de la téléphonie mobile sur la productivité.