Audio By Carbonatix
World Bank Managing Director Ngozi Okonjo-Iweala says agriculture and infrastructural development are the pivot about which economic transforation for Africa can be realised.
Speaking in an exclusive interview to Joy FM’s Kojo Oppong-Nkrumah at the World Economic Forum for Africa on how the continent can weather the current crisis, Mrs. Okonjo-Iweala said Africa must not see itself as a victim in the crisis.
The World Bank Managing Director maintained that Africa’s economies must regard the global economic crisis as a challenge for growth.
She said the continent must focus on areas that provide the brightest opportunities for their economies.
“We should be looking into those areas that provide the most opportunity for investors both domestic as well as foreign,” Mrs Okonjo-Iweala stressed.
She said discussions at the forum portrayed an investor interest in a mix of commercial agriculture and adding value to agricultural produce.
Mrs Okonjo-Iweala added that the continent must also look at drawing its own programmes it wants the World Bank to support rather than signing up for programmes that have already been drawn out for them.
Hundreds of African business and political leaders including several heads of state are attending the programme to discuss a possible response to the global economic crisis.
The meeting dubbed the World Economic Forum on Africa in Cape Town is expected to be dominated by the recession on the continent.
One of the key events on the program is the release of the African progress report which will offer solutions on how a united African leadership can address challenges to the continent’s continuous development.
Director of the World Economic Forum for Africa Catherine Tweedy said this year's forum will offer the best solutions for Africa's economic hurdles.
Credit: Joy Business
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Galamsey: 4,000 excavators held at ports under new controls – Lands Minister
2 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
3 hours -
Galamsey: ‘Challenge is prosecution, not arrest’ — Lands Minister
3 hours -
MTN to build 80 new sites across the five regions of the north as part of a $1.1bn investment
4 hours -
The Polygamist’s creator says women see themselves reflected in her Netflix hit
4 hours -
UEW Hospital suspends OPD services over GAUA strike
5 hours -
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
5 hours -
Prime Insight to tackle legal vacation controversy and $1million AKSA bribery case
6 hours -
Ghanaian evacuee from South Africa dies on arrival in Accra
6 hours -
Suicide and the fight to stay alive
7 hours -
POS Foundation raises alarm over student cohabitation, sexual harassment on university campuses
7 hours -
Nandom NPP primary heats up as four candidates enter 2028 race
7 hours -
Mangione admits killing healthcare CEO and pleads guilty to federal charges
8 hours -
The Invite to The Odyssey: 12 of the best films of 2026 so far
8 hours -
Ayra Starr on her secret relationship and teasing Stevie Wonder
8 hours