2018 African Economic Outlook: African Development Bank makes a compelling case for Africa’s industrialization

The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said infrastructure projects were among the most profitable investments any society can make as they can “significantly contribute to, propel and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do everything else.”

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