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Presentation of the African Economic Outlook 2015 in Berlin

Events 30/06/2015

Presentation of the African Economic Outlook 2015 in Berlin

Haus der Deutschen Wirtschaft, Franz-von-Mendelssohn-Saal Breite Straße 29, 10178 Berlin

Presentation of the African Economic Outlook 2015 in Barcelona

Events 25/06/2015

Presentation of the African Economic Outlook 2015 in Barcelona, Casa Asia's headquarters, Sant Antoni Maria Claret, 167. Sant Manuel Pavilion.

Presentation of the African Economic Outlook 2015 in Las Palmas de Gran Canaria

Events 22/06/2015

Presentation of the African Economic Outlook 2015 in Las Palmas de Gran Canaria, Casa Africa headquarters (C/ Alfonso XIII, 5)

Presentation of the African Economic Outlook 2015 in Madrid

Events 18/06/2015

CEOE's headquarters in Madrid (C/ Diego de León, 50)

Presentation of the African Economic Outlook 2015 in Rome

Events 18/06/2015

Presentation of the African Economic Outlook 2015 at the Italian Parliament

Launch of the African Economic Outlook 2015

Publications 25/05/2015

The launch of the African Economic Outlook 2015 takes place 25th May at the Annual Meetings of AfDB in Abidjan, Côte d'Ivoire.

Press Release African Economic Outlook 2014

Articles 19/05/2014

African countries need to tap global markets more effectively to strengthen their economies

Empowering people through investments in skills and technology needed to boost development

  • Join the debate on Twitter #aeo2014 and #AfDBAM2014. 

Kigali, Rwanda, May 19, 2014 – By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest  African Economic Outlookreleased at the African Development Bank Group’s Annual Meetings.

Produced annually by the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP), this year’s report shows that Africa has weathered internal and external shocks and is poised to achieve healthy economic growth rates.

The continent’s growth is projected to accelerate to 4.8 percent in 2014 and 5 to 6 percent in 2015, levels which have not been seen since the global economic crisis of 2009. Africa’s economic growth is more broad-based, argues the report, driven by domestic demand, infrastructure and increased continental trade in manufactured goods.

“In order to sustain the economic growth and ensure that it creates opportunities for all, African countries should continue to rebuild shock absorbers and exercise prudent macro management. Any slackening on macro management will undermine future economic growth,” said Mthuli Ncube, Chief Economist and Vice-President of the African Development Bank.

“In the medium- to long-term, the opportunity for participating in global value chains, should be viewed as part as part of the strategy for achieving strong, sustained and inclusive growth,” he added.

The report argues that more effective participation in regional and global value chains - the range of activities in different countries that bring a product from conception to delivery to the consumer – could serve as a springboard for Africa in economic diversification, domestic resource mobilisation and investments in critical infrastructure. In order to do so, however, the continent needs to avoid getting stuck in low value-added activities.

For instance, Africa’s exports to the rest of the world grew faster than those of any other region in 2012, but they remain dominated by primary commodities and accounted for only 3.5 percent of world merchandise exports in 2012.

Avoiding that trap involves investing in new and more productive sectors, building skills, creating jobs and acquiring new technology, knowledge and market information. These interventions require sound public policies, as well as entrepreneurs that are willing and capable of helping achieve these gains.

The report uses the example of South Africa, which achieved a remarkable turnaround in its automotive industry by removing obstacles and providing incentives for component producers and assembly lines. It also shows that the development of agribusiness value chains in countries such as Ghana, Kenya and Ethiopia has contributed to economic growth and job creation.

African economies have a great potential to build on their demographic dynamism, rapid urbanisation and natural-resources assets. The challenge now for many of them is to ensure that greater insertion into global value chains is achieved and has a positive impact on people’s lives,”said Mario Pezzini, Director of the OECD Development Centre.

“Public policies need to be articulated in a targeted strategy that promotes more equitable economic and social transformation and an environmentally sound development,” he added.

The African Economic Outlook shows that there has been remarkable progress in human development, with lower poverty levels, rising incomes and improving rates of school enrollment and health coverage.

Further achieving real human development gains requires empowering people and ensuring environmental sustainability, so that economic growth can yield benefits for all. In order for value chains to effectively integrate the poor and marginalized, often including women, targeted public policies and inclusive business models should facilitate access to productive assets such as land and financing, enhance productivity, and improve the resilience of small producers.


“As engagement with global value chains deepens, the appropriate measures need to be in place to mitigate the risks which they can bring about, such as volatile prices, unfair competition and increased vulnerability,” said Pedro Conceição, Chief Economist at UNDP’s Regional Bureau for Africa. “While regional and global economic networks present immense opportunities, women, men and communities must be able to compete from a position of strength.” 

For the full report, including statistics and 54 individual country notes, please visit   www.africaneconomicoutlook.org.


For more information on the African Development Bank’s 2014 Annual Meetings, visit   www.afdb.org/am
Official hashtags: #AfDBAM2014 and #AEO 2014.

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African Economic Outlook 2014

Events 14/05/2014

The African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP) will publish their 2014 African Economic Outlook, a yearly report containing projections and analyses on economic and development trends in Africa. Launched on the first day the  AfDB Annual Meetings, this year’s edition  for the first time covers all of the continent’s 54 countries  and dedicates its  special chapter to  global value chains and Africa’s industrialization. The report takes an analytical perspective at Africa’s recent economic performance and provides medium- to long-term growth projections, while highlighting how Africa’s engagement in global trade can boost the continent’s economic transformation and human development.


Where: Kigali, Rwanda 
When: at 2:30 p.m. Kigali/Paris time (8:30 a.m. Washington, DC; 1:30 p.m. Tunis) on Monday, 19 May 2014.
Who:

  • Mr. Mario Pezzini, Director, OECD Development Centre
  • S. E. M. Amadou BA, Economy and Finance Minister, Republic of Senegal
  • Mr. Pedro Conceição, Chief Economist and Head of Strategic Advisory Unit, Regional Bureau for Africa, UNDP
  • Dr. Donald Kaberuka, President of AfDB Group
  • Mr. Pascal Lamy, former Director General, WTO
  • Prof. Mthuli Ncube, Chief Economist & Vice-President, AfDB Group
  • Amb. Valentine Rugwabiza, Chief Executive, Rwanda Development Board, Rwanda

 

The  African Economic Outlook 2014  and  54 country notes  will  be available in  English, French from 3 p.m. (Paris time)   for immediate release on the African Economic Outlook website  http://www.africaneconomicoutlook.org/en/  from 3 p.m that day.


The presentation will be webcast live (www.afdb.org/am) – Join the debate on Twitter #aeo2014 and #AfDBAM2014.

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AfricanEconomicOutlook.org  offers comprehensive and comparable data and analysis of 54 African economies.