Private Sector Archives - Page 2 of 2

The seventh African Economic Conference ended on November 2, 2012 in Kigali, Rwanda KIGALI, Rwanda, November 3, 2012/African Press Organization (APO)/ – Participants at the closing session of the seventh African Economic Conference (http://www.africaneconomicconference.org), on November 2, 2012 in Kigali, Rwanda, urged African leaders to put in place bold economic reforms, aimed at sustaining growth and boosting human development. Logo African Economic Conference: http://www.photos.apo-opa.com/plog-content/images/apo/logos/aec-logo.jpg Photo Donald Kaberuka: http://www.photos.apo-opa.com/plog-content/images/apo/photos/donald-kaberuka—afdb-president.jpg The four-day conference highlighted the need for policy-makers to create diversified economies capable of generating e...

TOKYO, October, 2012 – The private sector is a key but underused resource for Africa’s development, as much of the continent’s savings go yet untapped for investment. Speaking at the Africa Investor CEO Summit in Tokyo, Makhtar Diop, World Bank Vice President for Africa, stressed that public private partnerships (PPPs) can be an important instrument to mobilize these resources and address the estimated US$30 billion per year infrastructure financing gap in Africa, particularly in energy and transport. Diop highlighted that despite the global economic crisis, growth prospects in Sub-Saharan Africa remain very positive at an expected 4.8% in 2012, while private capital flows will slow somewhat. According to him, the region’s resilience in face of the international crisis is a testam...

Tag: Private Sector

Africa: Shared benefits require bold economic reforms

World Bank: Unleashing the Power of Africa’s Private Sector Key to Continent’s Growth