Opinion
Analyzing the co-relation of the rise of Africa and the continents’ increasing embrace of democracy
“We have to pay attention to inclusion. We cannot leave people behind,” Ibrahim said.
He urged governments to turn the economic boom into stable, lasting prosperity by investing in human development, education and infrastructure.
Freemantle also warned that African mega-cities like Lagos could become dangerous “pressure cookers” if visible disparities in wealth were not tackled by national and local authorities.
Nevertheless, the African Development Bank’s Kaberuka sees Africa in a “bullish mood” as the developed West struggles with economic problems.
Kaberuka says Africa can start by solving its own problems with its own resources. The African Development Bank is planning to launch an infrastructure bond in the coming months to raise up to US$22 billion for investments in targeted infrastructure projects, to be bought by reserves held by member nations’ central banks.
“Africa is coming of age,” he said.
Source: Reuters
