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Ascending Africa – Opportunities and Challenges Summit in Brussels

Video guest: Josephine Mwangi

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Tuesday, 13 November 2012

Ascending Africa – Opportunities and Challenges Summit in Brussels

Africa is rising. Long-standing slow growth is giving way to rapid economic expansion, with many African economies expanding at 5% a year or more. Foreign Direct Investment is surging too, along with remittances from the African diaspora. These were some of the conclusions of the Development Policy Forum annual policy summit,  Ascending Africa – Opportunities and Challenges, which took place in Brussels on November 13.
In his opening speech, Andris Piebalgs, EU Commissioner for Development, said: “We stand on the brink of truly historic opportunity to bring lasting growth and prosperity for the poor in Africa”.
Substantial challenges remain, however. Africa’s population is expected to double to 2 billion over the coming four decades. Governments must create the conditions for growth in jobs and opportunities for a burgeoning workforce. And political leaders must also deliver sweeping reform on governance, from the administration of natural resource extraction to promoting democracy. Piebalgs underlined that the EU, for its part, will help the development for economic growth within Africa with its Agenda for Change.
The summit gathered  major development players– including the European Parliament, the African Union and the ACP states.


Source: friends of europe