• At least eight killed in Sudan bread price protests

The New Stuff

19 Views

Developing Africa for the next horizon of growth (McKinsey): Akinwumi Adesina, President of the African Development Bank (Video)


Akinwumi Adesina, President of the African Development Bank, discusses the potential for agricultural industrialization, energy inclusion, and infrastructure upgrade to drive prosperity growth.

Growth in Africa has picked up in the past few years, but it’s not without challenges. As the continent aims to lift millions of people out of poverty, it must contend with what constitutes healthy growth and how to create high-quality jobs, among other questions. Akinwumi Adesina, president of the African Development Bank, sat down with McKinsey’s Rik Kirkland to talk through these issues and look at opportunities in agriculture, energy, and more. An edited transcript of their conversation follows.
I’m excited that, this year, growth has picked up—to 4.1 percent, we project. But the topic really on my mind is, yes, I like that, but it still seems to me like survival growth. The kind of growth I want is prosperity growth. And prosperity growth really means that we must be growing in Africa at double digits. That’s what we need to be able to draw millions and millions of people out of poverty.

for related video: https://www.africanbusinesscentral.com/2019/02/26/developing-africa-for-the-next-horizon-of-growth-mckinsey-akinwumi-adesina-president-of-the-african-development-bank-video/

Source: Africa Business Central

Recently Published

»

S. Africa savers hit by bankruptcy of VBS

The economic crisis within the South African banking institution VBS ...

»

Algeria to name new gov’t

The Algerian President Abdelaziz Bouteflika will not be departing ...

»

Ethiopian Airlines, Abiy’s reforms get Trump’s support

Ethiopian Prime Minister received a call from president of the united ...

»

Border dispute to economic war: tables turn as Uganda accuses and Rwanda denies

Rwanda on Thursday dismissed accusations made by Uganda’s foreign ...

»

Burundi forces United Nations to shut human rights office – UN

Burundi in December asked the UN office to leave, months after the ...

»

Zimbabwe to allow foreign platinum miners control of local operations

HARARE (Reuters) – Zimbabwe will scrap a law that denies ...

»

Ghana’s ruling party operating militia training center – Media exposé

Ghana’s ruling New Patriotic Party (NPP) is operating a militia ...

»

DRC president agrees coalition govt arrangement with Kabila

Former President Joseph Kabila’s coalition will have a say in ...

»

Zimbabwe will continue lobbying US, EU to remove sanctions

Zimbabwe’s government on Wednesday responded to the renewal of ...