World Economic Forum Africa and the drive for ‘inclusive growth

World Economic Forum Africa and the drive for ‘inclusive growth

DURBAN – The 27th edition of the World Economic Forum on Africa kicks-off in Durban today.

President Jacob Zuma is leading the South African delegation.

This year’s theme is “Achieving Inclusive Growth through Responsive and Responsible Leadership”.

Africa’s stance on the challenges facing the global economy and the impact of the fourth industrial revolution, which is aimed at driving change to global industries and business models, will come under scrutiny.

WEF Africa 2017 comes as host country South Africa faces sluggish economic growth, subdued investment and increasing fiscal and economic policy uncertainty amidst credit rating downgrades.

The issue of “inclusive growth” will dominate discussions as the International Monetary Fund forecasts for sub-Saharan African growth are at their lowest level for 20 years.

One of the expectations going into this meeting is that it will help effect change for jobless youths.

A large percentage of the continent’s population under the age of 30, are unemployed and unemployable.

At the same time, a people’s economic forum march is expected to take place.

The group says this year’s conference’s likely to yield trade deals and investment that don’t benefit the people. — Additional reporting: eNCA

African News Agency

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Nigerians in South Africa
Nigerians in South Africa 1936 posts

We are about democracy, human rights, public opinion, political behavior, civil rights and policy aimed at improving the human condition, with a focus on African countries.

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