Economic development in Africa Report 2014
Investment is a major driver of long-run growth and development. It is necessary to build productive capacities, transform the structure of economies, generate employment and reduce poverty. Over the past decade, African countries have had relatively good economic growth performance. But average investment rates on the continent remain low relative to what is considered necessary to achieve national development goals. They are also low relative to the average rate for developing countries. These facts suggest that Africa’s recent growth may be fragile and that it is unlikely to be sustained in the medium to long term if current trends continue. The key question, then, is how can African Governments catalyse investment for sustained and transformative growth?
Related Content
- Tax transparency in Africa 2023
- Africa’s resource future: harnessing natural resources for economic transformation during the low-carbon transition
- Gender responsive climate resilient solutions in Africa
- Africa regional overview of food security and nutrition 2020: transforming food systems for affordable healthy diets
- Nigeria economic update, Fall 2019 jumpstarting inclusive growth- unlocking the productive potential of Nigeria’s people and resource endowments
- Kenya economic update: securing future growth- policies to support Kenya’s digital transformation