Contrary to the perception that Africa is deprived and underdeveloped, former UN Secretary General Kofi Annan has stated that the continent \u201cis not poor but a wealthy continent\u201d.<\/p>\n
He said \u201ceconomic growth has taken root in recent years\u201d but African governments are failing to convert the growth into opportunities for their people.<\/p>\n
The Chairman of the Africa Progress Panel made these remarks in a video recording to mark the closing ceremony of the 52nd Annual Meeting of the African Development Bank Group (AfDB) Board of Governors.<\/p>\n
He emphasised that the continent needs an economic transformation that harnesses growth for many rather than the benefit of few.<\/p>\n
He indicated that most of Africa\u2019s challenges persist \u201cnot because of a lack of knowledge, plans or technical solutions but a lack of political will\u201d.<\/p>\n
For him, a new sense of urgency is needed among African leaders to implement the long discussed transformation of the continent.<\/p>\n
He was of the view that civil society and the private sector need to challenge leaders to live up to Africa\u2019s potential with the private sector playing a leading role in Africa\u2019s transformation.<\/p>\n
He added that the transformation can only be achieved if governments implement the right regulatory framework and an enabling environment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Contrary to the perception that Africa is deprived and underdeveloped, former UN Secretary General Kofi Annan has stated that the continent \u201cis not poor but a wealthy continent\u201d. He said \u201ceconomic growth has taken root in recent years\u201d but African governments are failing to convert the growth into opportunities for their people. The Chairman of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-392548","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n
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