“Investment is route for African economic transformation”

The Herald

CAIRO:  The 10th African Union (AU) Private Sector Forum, held in Cairo from May 9-11, sent a key message to the private and public sector players: Deepening regional and continental integration is key to realising the aspirations of the African Union for a prosperous, globally competitive Africa.

Following up with the forum, Egypt Today looks at the key recommendations, the best routes for Africa’s economic transformation and key challenges facing the continent.

Since the start of the millennium, Africa has witnessed its growth rate increasing to just over 5 percent between 2001 and 2014, up from 2 percent in the 1980s and 1990s.

Increasing domestic and global demand, public investment on infrastructure, rising prices and a tighter trading partnership between Africa and China…

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