AfDB president Sidi Ould Tah dropped a four-point plan at the Africa Investment Forum Market Days in Rabat to speed up economic transformation across the continent. The bank chief told ministers and investors that Africa needs serious capital mobilization through fresh financing tools and better guarantees from national and regional banks. He wants financial architecture reformed with a three-tier structure to unlock funding streams.
Tah pointed out that Africa will hit 25 percent of the global population in under three years with a workforce bigger than China and the UK combined. The demographic boom only pays off if governments pump resources into youth and women through financial access, business support, and STEM training while getting the informal sector legit. His fourth target is building resilient infrastructure and processing natural resources locally instead of shipping raw materials overseas, saying the infrastructure gap has to get fixed for any real growth to happen.
Tah pointed out that Africa will hit 25 percent of the global population in under three years with a workforce bigger than China and the UK combined. The demographic boom only pays off if governments pump resources into youth and women through financial access, business support, and STEM training while getting the informal sector legit. His fourth target is building resilient infrastructure and processing natural resources locally instead of shipping raw materials overseas, saying the infrastructure gap has to get fixed for any real growth to happen.
