Africa’s economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank said on Thursday.
“African economies are operating like everybody else within a very, very challenging global context,” AfDB president Akinwumi Adesina said. “We believe that African economies ought to be growing at double digits for probably the next decade or so to be able to have the kind of transformation that we need as a continent.”
The AfDB estimates that between 10 and 20 million young Africans join the job market each year, while only three million new jobs are available.AfDB calls for collective support for developing countries hit by climate change
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