Africa’s economic growth remained stable in 2019 at 3.4 percent and was on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, forecast the African Development Bank 2020 African Economic Outlook (AEO) released on Thursday. Speaking in Abidjan, Cote d’Ivoire, Akinwumi Adesina, President of the African Development Bank said youth unemployment must be given top priority for economic growth in the continent. To keep the current level of unemployment constant, Africa needs to create 12 million jobs every year, according to the report. Essentially, inclusive growth — registering faster average consumption for the poor and lower inequality between different population segments — occurred in only 18 of 48 African countries with data. “As we enter a new decade, the African Development Bank looks to our people.

Source: The North Africa Journal January 31, 2020 14:15 UTC