Posted by
Director for Human Development, African Development Bank
It’s an exciting time in Africa. The continent is emerging as an investment opportunity for the private sector. The IT revolution especially in mobile technology has transformed Africa. Internet usage in Africa is growing faster than any other continent in the world. New opportunities are emerging for African entrepreneurs and innovators to create jobs and accelerate economic development across the region.
I am in Morocco this week, where the African Development Bank (AfDB) is hosting its 48th Annual Meeting, on “Africa’s Structural Transformation.” The key to unlocking this transformation is the ability of African countries to capture the demographic dividend. To achieve this, African countries will need to empower youth, develop skills (especially in science and technology), increase competitiveness and spur innovation and entrepreneurship. For that to happen we will need human capital development, a robust private sector and innovative social entrepreneurship models.
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