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
The Ivorian Government, with support from the United Nations Development Programme, the African Development Bank and the World Bank organized a well-attended International Conference on Emerging Africa that took place in Abidjan from March 18-20, 2015. The issue of the developmental state and the role it could play in Africa’s emergence took centre stage.
During the past few years, Africa has attracted increasing amount of private equity investments. In 2011 private equity investors closed USD3 billion worth of deals in Africa, up from USD890 million in 2010. In 2010, Sub-Saharan Africa accounted for 6% of total emerging markets private equity investment, up from only 3% in 2007. Currently, around 200 equity investors are actively involved on the African market. Beyond traditional development institutions and institutional investors, more global frontier investors are exploring opportunities in Africa, seeking to diversify risk, improve efficiency, and unlock value.