Inadequate power, railways, ports and roads in Africa curb productivity by as much as 40% and reduce per capita economic growth by about 2.2 percentage points, according to World Bank data.
While the global economy is showing signs of weakness, investors are increasingly paying attention to Africa as it has some of the world’s fastest-growing economies in Ghana, Rwanda and Ethiopia, Adesina said. More than 100 countries will be represented at the conference, with 1,600 delegates from outside of Africa seeking opportunities on the continent, he said.
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