AfDB: Championing inclusive growth across Africa. A blog by the former Chief Economist and Vice-President
For the past decade, Africa has had strong growth. A new economic momentum has been created. The continent weathered the financial crisis and has bounced back. But headline economic growth is not enough. Deliberate policies to reduce inequalities and promote inclusion are now needed more than ever before. It is time to focus on what people want: decent work, a living wage, access to basic service, more democracy and accountable governments. Africa and its people aim to be a pole of growth in the decades ahead. Read more
Over the last 50 years, Africa has moved from mostly colonial states, through seemingly endless array of development challenges, to a continent on the verge of major political and economic transformation. Over the past decade in particular, despite successive global food and financial crises, Africa has been growing at an unprecedented rate to rekindle a growing optimism about Africa’s potential.