Presentation of the report “Africa’s Development Dynamics. Growth, employment and inequalities”

On 20 June 2019 at the OECD headquarters in Madrid
Presentación del informe Africa's Development Dynamics. Crecimiento, empleo y desigualdades

Casa África is presenting this report in order to publicise the economic reality of sub-Saharan Africa and to disseminate in Spain the international publications which address African economies and markets.

This annual report, prepared by the African Union and the OECD Development Centre, analyses current development policies. It presents a new narrative on Africa’s development, assessing economic, social and institutional performance in the light of the African Union’s objectives set out in Agenda 2063. This first edition examines the relationships between growth, employment and inequalities in Africa and outlines strategic policy implications.

The report shows that, despite Africa’s strong growth in recent years, quality jobs remain scarce and inequalities remain high.
Between 2000 and 2017, the African economy grew at an annual rate of 4.7%, making it the second fastest growing economy in the world. However, to achieve the aspirations of the African Union’s Agenda 2063, new development strategies are required, not least for these five reasons which will be discussed during the presentation:

  • Volatile growth persists, meaning some governments are unable to sustain their current investment rates.
  • Economic growth is still not reflected in social welfare.
  • Quality employment is still not being created. According to the report, 282 million workers are in vulnerable employment.
  • Reducing inequalities is critical to reducing poverty. Today we would have 130 million fewer poor people if development and growth had been correlated in Africa as they were in Asia.
  • Structural changes in businesses must be geared towards increasing productivity in order to ensure that their growth is sustainable.

All this will be discussed during the presentation of the report that will take place in:

  • Las Palmas de Gran Canaria. Headquarters of Casa África. 5 March 2019 at 10am
  • Madrid.

In both cases, entry is free of charge and open to all until full capacity is reached.

 
 
 
Esta actividad se realiza en el marco del proyecto CONFIAFRICA, cofinanciado por la Unión Europea a través del Fondo Europeo de Desarrollo Regional-FEDER en el marco del programa de cooperación INTERREG MAC (Azores, Madeira y Canarias).
 

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