Report highlights Africa's infrastructure needs

26 May 2010

Africa needs to have improved infrastructure in order to move forward and develop, according to a report.

This was among the findings of the 2010 edition of the African Economic Outlook (AEO), launched on Monday (May 24th), the African Development Bank revealed.

It looked at how growth in the continent had slowed somewhat, due to the economic crisis felt across the world.

And this can be seen in the drop in gross domestic product from six per cent in 2006-08 to 2.5 per cent in 2009, the report, launched in Abidjan, discovered.

Improved infrastructure will play a key role in going forward, as will other measures such as good political and economic governance.

There will also be a need for trade between regions, mobilisation of public resources and reducing poverty, it was noted.

The AEO report is available to view online, which also offers data to analyse the various economies in the continent.

Category: General