Africa’s current economic Performance stands in sharp contrast with the 1980’s, a decade characterised by slow growth and a crushing debt burden. Over the last five years, African countries have ranked among the world’s fastest growing and the continent emerged as a top investment destination owing to immense natural and human resources. For the next six days, African ministers of finance, planning and economic development are meeting in the Nigerian Capital, Abuja for the seventh joint conference of the African union and the UN’s Economic Commission for Africa. The conference is looking at progress made towards industrial development under the theme Industrialization for inclusive transformative development in Africa.
https://www.youtube.com/watch?v=G_dGcBqmsKE
The Nigerian government points out that over 30 million people are without power while the UN quotes out that across the globe 1.6 billion people are without stable power. Of the 1.6 billion, 600 million people are estimated to be from African continent. African economies are highly unlikely to achieve any significant structural shift ahead of the 2015 deadline going by the current uneven and extremely slow progress. Nonetheless the leaders from across the continent, meeting in Abuja,are optimistic that all is not lost.
https://www.youtube.com/watch?v=6bNFAOPN6Ww
African industrialization may be more of a myth than a reality going by the progress witnessed across the continent. The issue is part of debate in the Nigerian Capital, Abuja where African ministers of finance and economic planning are meeting under the auspices of the Economic commission for Africa and Africa Union. In an interview with Dr. Abdalla Hamduk, the Deputy Executive Secretary of the Economic Commission for Africa, shares his thoughts on African industrialization.
https://www.youtube.com/watch?v=ey3nOGUpq1o
