The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

18:30-19:15 Special Event A: Launch of the “Commodity Booms and Busts in Africa: Emerging Lessons from sub-Saharan Africa”

Chair: Abdoulaye Mar Dièye, Assistant UN Secretary General and Director of the Regional Bureau for Africa, United Nations Development Programme

Presenter: Ayodele Odusola, Chief Economist and Head, Strategy and Analysis, UNDP Africa.


1. H.E. Yinager Dessie, Commissioner for National Planning Commission, Ethiopia

2. Lamin Manneh, UNDP RC, Rwanda

3. Janvier Nkurunziza, Chief, Commodity Research and Analysis Section, UNCTAD

Closing Remarks: Babacar Cissé, DSRSG Côte d'Ivoire

Primary Commodity Booms and Busts in Africa: Emerging Lessons from sub-Saharan Africa

Many African economies with abundant natural resources suffer from slow growth and widespread poverty. Dependence on commodities often fails to generate development because volatile international prices can lead to macroeconomic and political instability. The concentration of wealth in oil and minerals can encourage rent-seeking and corruption. Mobilizing resources for primary commodities can slow down higher-productivity manufacturing so that oil or minerals come to dominate national production (e.g. mining accounts for 65% of GDP in the Republic of the Congo).

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"Africa can no longer be content with simply managing poverty. For our future and the future of our children, we must eliminate it." - Akinwumi Adesina, AfDB President

Conference Venue

African Union Building and Government Hotel, Kinshasa, Democratic Republic of the Congo

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