Africas Structural Transformation African Development Bank q Africa

Africa’s Structural Transformation

African Development Bank q Africa is transforming, but economic transformation can be accelerated The continent offers opportunity for both African and international investors: “Emerging Africa” Africa is striving for strong, sustained and inclusive growth through structural transformation Structural transformation cannot take place without investment in infrastructure, agriculture, skills training and education, and broader engagement with the private sector African leadership is acutely aware: agricultural productivity must be transformed towards industrial upgrading and technological innovation. OFFICE OF THE CHIEF ECONOMIST & VICE PRESIDENT, ECON African Development Institute

African Development Bank q Africa’s Progress in Structural Transformation Middle class growth and demographic dividend Infrastructure and Regional Integration: Driving growth Urbanization: Cities as drivers of growth Industry clusters and Special Economic Zone: Spatial dimension Silicon Africa: Leapfrogging traditional patterns of development! Raising agricultural productivity: Africa’s backbone Natural Resources New partners for Africa: Africa goes global Strengthening of institutions and regulatory environment Rise of global African entrepreneurs: Growing philanthropy OFFICE OF THE CHIEF ECONOMIST & VICE PRESIDENT, ECON African Development Institute

African Development Bank q The Way Forward Growing the middle class Investing in transformational and inclusive infrastructure Private sector development and entrepreneurship Harnessing the natural resource boom Domestic resource mobilization: Innovations Harnessing the full potential of ICTs and mobile telephony Transforming Africa’s agriculture Diversification, processing and beneficiation Property rights: Security of ownership of assets is entrenched OFFICE OF THE CHIEF ECONOMIST & VICE PRESIDENT, ECON African Development Institute

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