African Development Bank (AfDB) has called for empowering of African people through investments in skills and technology in order to boost their abilities to produce more goods for world markets and strengthen their economies.
The experts at the African Development Bank said at the release of the African Economic Outlook 2014 in Kigali that the report, produced annually by the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP), shows that Africa’s growth is projected to accelerate to 4.8 per cent in 2014.
The authors of the report said that Africa’s economic growth is more broad-based and driven by domestic demand, better infrastructure and increased continental trade in manufactured goods. This African Economic Outlook 2014 shows that Africa has weathered internal and external shocks and is poised to achieve healthy economic growth rates.
Ends