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2009 World Economic Forum on Africa
Theme: "Implications of the Global Economic Crisis for Africa"
The 19th World Economic Forum on Africa provides an important platform for world leaders to address the global and regional implications of the financial crisis and develop a new roadmap for Africa’s future. The launch by the African Development Bank of the 2009 Africa Competitiveness Report will provide valuable insight for these deliberations. Discussion will focus on the impact of the crisis on Africa’s traditional drivers of growth including foreign capital flows, demand for oil and commodities, and infrastructure development. A key focus will be on Africa’s investment climate and identifying practical solutions to foster better business practices and greater investment across the continent.
Launch of the 2009 Africa Competitiveness Report
Cap Town, South Africa, June 10, 2009 – The African Development Bank (AfDB) Group released today its 2009 Competitiveness Report which stresses the need for African countries to keep building and consolidating the foundations for long term growth.
Bank Group President, Donald Kaberuka, participated in the “Africa Debate” on CNBC Africa in Cape Town, South Africa, organized on the sidelines of the World Economic Forum on Africa. Other panelists included Zambia’s Finance Minister, Situmbeko Musokotwane; Lonrho CEO, Geoffrey White; South African Finance Minister, Pravin Ghordan; Zimbabwe’s Vice Prime Minister, Arthur Mutambara; and Seven Seas Technologies CEO, Michael Macharia.