THE African Development Bank (AfDB) has called for massive investment in infrastructure to drive inclusive growth in Africa. The bank said the African Union Commission (AUC) report urged African countries to adopt recommendations from the summit. Monga quoted the report, saying “about two-thirds of countries in Africa have experienced growth acceleration. “We all know that growth is not yet inclusive in Africa and unemployment affects more women and young people,” he said. The report estimates show that investment needs for infrastructure would be in the range of US 130 to 170 billion dollars a year.

Source: Nigerian Tribune January 27, 2018 15:11 UTC