Africa’s Structural Transformation

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.

African Development Bank

OFFICE OF THE CHIEF ECONOMIST & VICE PRESIDENT, ECON

African Development Institute

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

African Development Bank

OFFICE OF THE CHIEF ECONOMIST & VICE PRESIDENT, ECON

African Development Institute

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

African Development Bank

OFFICE OF THE CHIEF ECONOMIST & VICE PRESIDENT, ECON

African Development Institute

Thank YouMerci