Green Growth the Future of Africa: AfDB 2014 Meeting

Africa recorded nearly 4% GDP growth last year, a two-percentage point decline compared to 2012, according to 2013 results released by the African Development Bank Group (AfDB) at the annual meeting in Kigali. The performance compares favorably with other regions and was driven by investments, urban demand, trade and natural resources, as well as bounties from infrastructure and good policies put in place in the countries, the AfDB report says. Highlights are available in the Executive Summary [PDF] According to the Bank's 2014 Economic Outlook, external financial inflows as well as tax revenues and regional integration are tipped to remain the key drivers of Africa's development and growth prospects.

Maximizing Africa’s Blue Economies, AM2014, Kigali.



Photo: AfDB

Donald Kaberuka, a Rwandan economist and the current President of the African Development Bank, speaks at the annual meeting.


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