Africa growth prospects remain steady, says AfDB

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Africa’s general economic performance continues to recover and Gross Domestic Product (GDP) growth is projected to accelerate to four per cent  in 2019 and 4.1 per cent in 2020, the African Development Bank (AfDB) has said.

It said  improved macro-economic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report, launched by the AfDB.

Published annually since 2003, the African Development Bank’s flagship report provides headline numbers on Africa’s economic performance and outlook.

The focus of the 2019 report on regional integration for Africa’s economic prosperity, highlights integration for trade and economic cooperation and the delivery of regional public goods.

In opening remarks to diplomats, government officials, policy makers and students gathered at the bank’s Babacar Ndiaye auditorium in Abidjan, Cote d’Ivoire, Senior Vice President Charles Boamah said even though the report presents daunting challenges, “Africa has the means to overcome them by joining hands together and removing barriers to integration and drivers of migration.”

Guest speakers included Kanny Diallo, Minister of Planning and International Cooperation for the Republic of Guinea and Alma Oumarou, Minister and Special Advisor to the African Union Champion for Regional Integration.


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