This is Africa’s Hour
A blog by Donald Kaberuka, former AfDB President, 2005-2015
'The sleeping giant' is on its way, and the African trajectory continues upward, with a young and dynamic population. In this occasional blog, I try and share some of the thoughts along the journey – my own, the Bank’s, the continent’s. Read More
Today, Publish What You Fund is launching their annual Aid Transparency Index (ATI) in Washington, DC. The ATI is currently the only global measure of aid transparency amongst the world’s largest donors. I’m once again pleased to see that the African Development Bank has performed well, ranking eighth out of 68 organisations assessed, and gaining over 10 percentage points from last year.
Africa’s economy has grown fourfold since the turn of the millennium, with sub-Saharan Africa outperforming the rest of the world in terms of economic growth and at long last banishing any doubts about the continent’s upward trajectory.
50 Africa leaders convene in Washington for a historic meeting with President Obama this week. Pedestrians and motorists caught up in the inevitable traffic jams around the White House may well be asking how far they have got, and where they are heading.
Last week I joined UN Secretary-General Ban Ki-moon, World Bank President Jim Yong Kim, African Union Commission Chair Nkosazana Dlamini-Zuma and EU Commissioner for Development Andris Piebalgs on a visit to the Sahel region.
There are well-worn arguments both about the potential of Africa’s exceptional natural wealth, and the reasons why it fails to deliver. The debate goes on, and intensifies with every new discovery – oil in Ghana, manganese in Gabon, coal in Mozambique, to name a few.