Thank you, Mr. Chair and members of the committee. I'm honoured to appear before you today. Eid Mubarak.
Thank you for this opportunity to update the committee on Canada's approach to Africa. The committee's study is timely as the department is thinking strategically about how to advance Canada's interest through our overall engagement with Africa.
Canada’s engagement is guided by the African Union’s strategic vision for the continent as captured in “Agenda 2063: The Africa We Want”. Canada’s partnership with Africa is anchored in our mutual priorities, informed by African solutions to African and global challenges.
As a vast, increasingly integrated continent made up of 54 countries, Africa is forecasted to be the world’s second fastest-growing region with 12 of the 20 fastest-growing economies in 2024. By 2050, 25% of the world's population will be living in Africa.
The continent has one of the world’s most diverse ecosystems and abundant resources, including 30% of the world’s critical minerals, 60% of the best solar resources globally, 25% of global biodiversity and larger carbon capture potential than the Amazon. These resources are key to the green transition and planetary health.
Africa also boasts the world's youngest population and fastest-growing middle class, providing a source of dynamism and vast market potential in stark contrast to many aging and declining populations elsewhere. With a projected net increase of 740 million people by 2050, the continent will see the fastest increase globally in working-age populations.
Youth play an important role in the continent. To fully contribute to the socio-economic development and security of their country, youth require access to education, jobs and support for entrepreneurship.
In recent years, there has been significant economic growth across the continent; however, growth has not always been inclusive or evenly distributed. Africa houses countries with high-performing economies, but also houses some of the poorest countries in the world, with 60% of the world's extreme poor living in sub-Saharan Africa. Under current conditions, almost all of the world's least developed countries will be in Africa as of 2030.
Deterioration of democracy in some countries, conflicts, inadequate infrastructure and climate change, coupled with unsustainably high national debts, make achieving the sustainable development goals a challenge.
Africa is set to see 13 national elections before the end of 2024, and Canada is watching closely. Canada is actively supporting democratic governance and electoral processes in Africa through several streams at work. This includes participating in electoral observation missions and one-on-one advocacy with governments in the region on the importance of democracy and strong institutions.
Canada recognizes the key role played by human rights defenders in protecting and promoting human rights. These advocates often belong to groups that face discrimination, including but not limited to women and LGBTI individuals. Canada supports their work through advocacy initiatives and international assistance.
With its 54 countries, Africa is strategically important amidst growing polarization globally, changing multilateral collaboration and evolving global value chains. African leaders are diversifying their international partnerships and fostering stronger relationships with global economic powers like China and India, partners like Turkey and the Gulf States, and, in some cases, engaging in open military relationships with Russia. They are doing this bilaterally and through multilateral fora such as BRICS and the G20.
Canada and our G7 partners are collaborating to ensure that G7 countries maintain and strengthen their partnerships on the continent through strengthened diplomatic engagement, infrastructure initiatives and more targeted international assistance to encourage investment in Africa. The most recent example of this is the priority Italy is placing on Africa as part of their G7 presidency this year.
Canadian trade and investment with Africa has witnessed impressive growth over the last five years, with two-way trade in merchandise totalling $16.2 billion in 2023 and investments on the continent reaching $16 billion in 2022. This is supported by the work of our trade commissioner service network.
A large share of Canadian direct investment in Africa is in the mining sector. Africa is also home to the second-highest value of Canadian mining assets after the Americas.
Canada also has eight foreign investment promotion and protection agreements in Africa, and these provide Canadian investors with greater protection, increased predictability and better projections for developing their economies.
In terms of international assistance, Canada is and will remain a leader and trusted partner in gender equality and feminist approaches in Africa. With the feminist international assistance policy, we have put gender equality and the empowerment of all women and girls at the heart of our international assistance efforts as the most effective way to foster a more peaceful, inclusive and prosperous world.
In Africa, Canada is navigating a dynamic security landscape. In some areas, including violent extremist insurgencies, a rise in terrorism and military coups, we are responding through a range of policy and programming efforts. This is complemented by our international engagement with the African Union and leadership in UN bodies such as the Peacebuilding Commission and Special Committee on Peacekeeping Operations.
We have had a number of engagements. The Minister of Foreign Affairs, for example, recently engaged with her African counterparts, including calls with Kenya, South Africa and Benin, and she will meet with senior African Union officials this week. We also interact with the African diaspora in Canada, with the private sector and non-state actors.
We are hearing that Africans want to improve their terms of engagement. They seek to move beyond the traditional donor-aid recipient relationship to mutually beneficial partnerships, including in trade, investment—