The 2020 African Economic Outlook (AEO) showed that the continent’s economies are growing well, higher than the global average. The report projected a steady rise in growth in Africa from 3.4% in 2019 to 3.9% in 2020 and 4.1% in 2021. Relatively few African countries posted significant declines in extreme poverty and inequality, which remain higher than in other regions of the world. Inclusive growth occurred in only 18 of 48 African countries with data, the report revealed. Growth must be felt in the lives of people.”The theme of the 2020 Africa Economic Outlook report, Developing Africa’s workforce for the future, calls for swift action to address human capital development in African countries, where inclusive growth has been held back by a mismatch between young workers’ skills and the needs of employers.

Source: Daily Observer February 03, 2020 11:37 UTC