AfDB President Donald Kaberuka will co-chair 2012 World Economic Forum on Africa

The Africa economy should become a transformation economy

From now on, the president noted, the continent should manage its natural resources better so as to create more wealth, attract investment, and generate employment, particularly by taking advantage of the current salary increases taking place in Asia, and also expand its economic growth base to benefit the poorer sections of the society. Read More

Background

AfDB president, Donald Kaberuka, will co-chair the 2012 World Economic Forum on Africa, to be held in Addis Ababa, Ethiopia, from 9 to11 May. Ethiopia is the second most populous country in sub-Saharan Africa, and a prime example of the continent’s fast-growing economies.

Home to the African Union and the United Nations Economic Commission for Africa, Addis Ababa will offer an exceptional opportunity to bring together global and pan-African leaders to shape the region’s transformation.

Africa is on the brink of a major transformation. Over the last decade, the continent was home to six of the world’s 10 fastest growing economies, and the outlook for the region remains bright at a time when the rest of the world is facing major political and economic challenges. However, attaining Africa’s aspirations in a new global context will require bold and actionable ideas, as well as strong leadership on regional, national and industry levels.