African Economic Outlook 2020

14-Feb-2020

Perspetivas Económicas em África 2020

07-Feb-2020

‘A blueprint to address the continent’s human capacity gap.’ African Development Bank’s African Economic Outlook 2020 lauded at 33rd AU Summit

The African Development Bank’s African Economic Outlook 2020 was praised at the 33rd African Union Summit in Addis Ababa for being an effective blueprint for addressing the continent’s human capacity gap. The 2020 edition of the flagship report, under the theme Developing Africa’s workforce of the future, was presented at a side event attended by policymakers, global and regional development organizations, civil society, the media and academia. The Commissioner for Economic Affairs at the African Union Commission, Victor Harison, observed that the report tackled the challenges of ...
07-Feb-2020

African Development Bank President Akinwumi Adesina to lead delegation to 33rd African Union Summit

The president of the African Development Bank Akinwumi Adesina is expected in the Ethiopian capital for the African Union’s 33rd Assembly of Heads of State and Government. The summit runs from 8-10 February 2020 under the theme: Silencing the Guns: Creating Conducive Conditions for Africa’s Development.  Adesina will arrive in Addis Ababa with a full slate of talks and meetings ahead of him. These include the African Peer Review Mechanism’s annual forum; an African Leadership for Nutrition high-level dinner; and bilateral meetings with, among others, the president of Sierra Leone...
04-Feb-2020

African Development Bank to present African Economic Outlook 2020 at 33rd African Union Summit

What: Presentation of African Economic Outlook 2020 Who: African Development Bank and the African Union Commission When: 7 February 2020, 10:00am - 12pm Where: Medium Conference Hall, African Union, Addis Ababa   The African Development Bank and the African Union Commission will jointly host a side event to present the 2020 edition of the Bank’s flagship report African Economic Outlook at the 33rd African Union Summit in Addis Ababa, Ethiopia. The theme of African Economic Outlook 2020 is Developing Africa’s...
03-Feb-2020

Provide young people with new skills to meet the needs of a 21st century labor market, African Development Bank report urges

"Youth must be prepared for the jobs of the future – not the jobs of the past," African Development Bank President Akinwumi Adesina said on Thursday at the launch of the Bank's flagship African Economic Outlook. "Given the fast pace of change, driven by the 4th industrial revolution – from artificial intelligence to robotics, machine learning, quantum computing – Africa must invest more in re-directing and re-skilling its labor force, and especially the youth, to effectively participate," the Bank president said. The African Economic Outlook is an annual report that provides...
03-Feb-2020

“Nobody eats GDP” says African Development Bank President as he calls for inclusive growth

Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, said as he unveiled the Bank’s flagship economic report on Thursday. The 2020 African Economic Outlook (AEO) showed that the continent’s economies are growing well, higher than the global average. The report projected a steady rise in growth in Africa from 3.4% in 2019 to 3.9% in 2020 and 4.1% in 2021. According to the report, these figures do not tell the whole story. Across the...
31-Jan-2020

“Teach them smart solutions,” says out-of-the-box thinker Monique Ntumngia, founder of Green Girls, at 2020 African Economic Outlook launch

African governments must foster innovation and provide hands-on education solutions to young people if the continent is to beat the challenges of the next decade and meet global development targets. “Reality on the ground and the statistics do not meet, they are on parallel lines. There’s more of cram work in our educational system than actually getting us to think out of the box,” said Monique Ntumngia, Cameroonian founder of “Green Girls, a social business that educates young women from rural communities in the use of renewable energy.  Ntumngia was speaking at a panel discussion...
30-Jan-2020

African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks

Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s 2020 African Economic Outlook (AEO) revealed Thursday. The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa – whose joint growth was an average rate of 3.1 percent, compared with the average of 4.0 percent for the rest of the continent. The Bank’s flagship publication, published annually since 2003, provides headline...
30-Jan-2020

African Economic Outlook 2020