Structural Transformation

12-Jan-2017

Visite du Président de la République du BÉNIN

11-Jan-2017

African Development Bank Group approves €200 million loan to support Gabon’s reform program

Oil price decline puts economic prospects at risk Reforms aim at consolidation of public finances and structural transformation Loan, first tranche of €500 million package The Board of Directors of the African Development Bank (AfDB) has approved a € 200 million loan to Gabon, to support the country’s economic and financial reforms programme (EFRSP). The loan aims to revive economic growth by strengthening the sustainability of public finances, as well as the structural transformation of the economy in a context marked by the recent oil price decline, which has...
16-Jun-2016

Investing in science and research has massive benefits for Africa’s economy

Africa needs to make greater investments in science and technology to become more efficient and competitive in agriculture, says the African Development Bank (AfDB). According to the Bank, science and technology are critical in transforming the agriculture industry from one that manages rural poverty to a wealth creating sector. The Bank’s President Akinwumi Adesina was speaking at the 7th Agriculture Science Week (AASW) and the Forum for Agricultural Research in Africa (FARA), where he was awarded the FARA Leadership Prize for advancing agricultural science, technology and innovation...
24-May-2016

AM 2016 : African economic outlook 2016 : sustainable cities and structural transformation in Africa

24-May-2016

Interview with Mario Pezzini, Director, Organisation for Economic Cooperation and Development Development Centre

Mario Pezzini, Director of the Development Centre at the Organisation for Economic Co-operation and Development (OECD), has called on the need for Africa to explore investment opportunities in order to address issues of unemployment, particularly among youth. Pezzini disclosed this in an interview on the heels of the global launch of the 2016 African Economic Outlook: Sustainable cities and structural transformation on Day 1 of the African Development Bank (AfDB) Annual Meetings in Lusaka, Zambia He said there are a lot of opportunities that can lead to employment opportunities and...
23-May-2016

AfDB and partners helping African governments to develop sustainable cities

The African Development Bank (AfDB) says Africa needs to implement a vigorous structural transformation agenda to bridge gaps that inhibit the creation of sustainable cities. AfDB Acting Director for Development Research Abebe Shimeles said the institution was thus engaging African governments on bridging gaps in areas such as infrastructure development and promoting access to quality human services by the people. Shimeles was speaking during a panel discussion at the ongoing AfDB Annual Meetings, which commenced in Lusaka, Zambia, on Monday. His comments came during the...
29-Jan-2016

Working Paper 229 - Structural change, economic growth and poverty reduction – Micro-evidence from Uganda

Within the debate on effective sectoral strategies for growth and poverty reduction in Sub-Saharan Africa, there has been recently a renewed attention to the role of structural transformation (AfDB African Economic Outlook 2013). There exists basically two options to grow and get out of poverty; within-sectoral productivity growth in the assets held by the poor, i.e., land and labor (McArthur and McCord2014; Binswanger et al. 2010; Ravallion and Datt 1996) and inter-sectoral mobility by reallocating labor from low-productivity sectors to higher-productivity ones, i.e., structural...
11-Jan-2016

AfDB GEF Partnership - Catalyzing transformational change through green growth in africa

Established in 1991, GEF works through 6 focal areas: biodiversity, climate change, chemicals and waste, land degradation, international waters, and sustainable forest management. The GEF provides new and additional grants and concessional funding to cover the "incremental" or additional costs associated with transforming a project with national benefits into one with global environmental benefits. Since its creation, the GEF has provided over US $14 billion in grants and mobilized an excess of US $70 billion in additional co-financing for more than 4,000 projects. The GEF is an international...
27-Nov-2014

African Legal Support Facility Management Board holds key meeting in Abidjan

The Management Board of the African Legal Support Facility (“ALSF” or “the Facility”) launched a major meeting on November 26 in Abidjan to assess status of implementation of ongoing projects, among others. Discussions are expected to continue to November 27, and will provide an opportunity for the Management Board to consider approval of the work plan and budget for 2015, as well as other substantive documents for transmission to the Governing Council of the Facility. The second day of the meetings will be dedicated to a session under the theme “Mid-Term Review of the ALSF’s Medium Term...
11-Nov-2014

Assessing the dynamism of the manufacturing sector and natural resources

During an interview on the sidelines of the 9th assembly of the African Economic Conference taking place from November 1 to 3 in Addis Ababa, Marc Luc Dagbégnon Akplogan, a researcher at the Institut National de la Statistique et de l’Analyse Economique (INSAE) in Benin, assessed “The dynamism of the manufacturing sector and natural resources for Africa’s transformation”. “To achieve transformation, African countries must make crucial choices, especially to diversify their industrial fabric,” he pointed out. Despite the huge potential of African countries, industrialization on the...
04-Nov-2014

When it comes to innovation, Africans must believe in their own knowledge

Africans should believe in their own knowledge. This was the advice of researcher Hilary Nwokeabia at the 9thedition of the African Economic Conference on Sunday, November 2 in Addis Ababa. A presenter on the theme “Knowledge generation for structural transformation,” Nwokeabia said, “Knowledge plays an important role in vital areas as food security, local agriculture, construction, entertainment and medical treatment for up to 80% of Africa’s economy.” Nevertheless, activities related to realization/implementation of local agriculture, food security, construction, entertainment and...
04-Nov-2014

African governments tipped on job creation and export promotion

Policy-makers in Africa have been urged to improve labour market outcomes and promote inclusive growth. This is addition to promoting commodity-based industrialization to reduce the high and challenging youth unemployment rate in Africa. These were some of the issues raised during a parallel session on “Knowledge Generation for Structural Transformation” held on Sunday, November 2 at the 9th African Economic Conference in Addis Ababa. During the session in Alassane Drabo Ferdi presented his paper titled “Primary agricultural commodity trade and labor markets outcomes”, which...
03-Nov-2014

Investing in people-centred innovation and technology essential to Africa's development

Innovation and technology can serve as a springboard for economic transformation provided they are driven by people. This was the message put forward by partners and participants at the closing of the 9th Annual African Economic Conference (AEC), which ran from November 1-3 in Addis Ababa. Decision-makers and business leaders, economists and academics from across the globe met for the AEC to discuss how to harness knowledge and innovation to boost youth employment, foster the adoption of new technologies, and enhance Africa’s economic transformation. “Investments in...
03-Nov-2014

Bricks and mortar approach should underline African innovation

Africa has seen tremendous growth in technology-driven entrepreneurship over the last decade with numerous projects and initiatives celebrated for their potential to grow and spur economic growth. Yet, according to Dayo Ogunyemi, CEO, 234 Media, “Brilliant ideas without the ecosystem to upscale and monetize them is hampering transformation.” Speaking in Addis Ababa during a “Digital Africa” event at the African Economic Conference over the weekend, the former intellectual property lawyer said Africa has no shortage of ideas, products and applications: “The challenge is moving them to the...
03-Nov-2014

AEC 2014: Abdoulaye Seck and Rajlakshmi Dé, winners of "Best Paper"

University researchers Abdoulaye Seck and Rajlakshmi Dé are the winners of the "Best Conference Paper" awarded by the organizers of the 9th edition of the African Economic Conference, which came to an end on Monday, November 3 in Addis Ababa, Ethiopia. They were rewarded for the "quality of their papers" given at the conference, whose theme was "Knowledge and innovation for Africa’s transformation". Abdoulaye Seck is the author of the presentation entitled "Has economic growth in WAEMU [West African Economic and Monetary Union] countries benefited from world technology diffusion?", ...
03-Nov-2014

9th Annual African Economic Conference calls for more investment in knowledge and innovation in Africa

Decision-makers and business leaders, economists and academics from across the globe have called for increased investment in knowledge and innovation on the African continent.  This is because knowledge and innovation will boost youth employment, foster the adoption of new technologies, and facilitate Africa’s economic transformation. And as the continent pursues its agenda of “an integrated, prosperous and peaceful Africa driven by its own citizens and representing a dynamic force in the global arena,” success will depend on the adequate accumulation of skills, technology and...
02-Nov-2014

Africa must develop relevant knowledge for its problems

Africa continuously suffers from a “copy-paste” pattern of policy implementation, which prevents it from realizing relevant solutions to persistent problems like poverty and unemployment. Expert panelists discussed this at the 2014 African Economic Conference that kicked off Saturday in Addis Ababa, Ethiopia. In a session titled “Knowledge Generation for Structural Transformation”, Nkosana Moyo, the Executive Chair of Mandela Institute for Development Studies in South Africa, said that leaders should desist from the “laziness” of simply adapting policies from the developed world and...
02-Nov-2014

Africa must meet the challenge of the technology and skills deficit, says panelist

"The future of Africa depends on Africans themselves and not on consultants, who should act solely as catalysts,” said David Noko, Executive Vice-President of South African mining company AngloGold Asanti, at a panel organised as part of the 9th edition of the African Economic Conference, which opened on Saturday in the Ethiopian capital of Addis Ababa. During the panel "Adapting skills to 21st century industry requirements", Noko said that things could not stay as they were, and the continent needed to face the challenge of the lack of technology and skills. Noko revealed that the...
01-Nov-2014

African Economic Conference 2014: “Knowledge and Innovation for Africa’s Transformation”

The 9th edition of the African Economic Conference will take place in Addis-Ababa, Ethiopia, on November 1-3, 2014 on the theme “Knowledge and Innovation for Africa’s Transformation”. The Conference,  which is co-organized each year by the African Development Bank (AfDB), United Nations Economic Commission for Africa (ECA) and United Nations Development Programme (UNDP),  will provide a unique opportunity for researchers, policy-makers and development practitioners from Africa and elsewhere, to explore Africa’s existing knowledge generation approaches and...
01-Nov-2014

African Economic Conference 2014: Knowledge and Innovation Critical for Africa’s Transformation

Meeting in Addis Ababa for the 2014 African Economic Conference, leaders underscore the need to leverage knowledge and innovation for sustainable and inclusive growth Decision-makers and business leaders, economists and academics from across the globe meet here today for the annual African Economic Conference (AEC). The meeting will last until 3 November and allow them to discuss how to harness knowledge and innovation for the continent’s economic transformation. The 9th edition of the meeting will be officially opened by Ethiopian Minister of Science and Technology Demitu Hambisa...