Infrastructure key to greater integration: Dr Kaberuka
Lazarus Sauti
African Development Bank President Donald Kaberuka believes African
economies face difficulties in sustaining the current pace of economic growth
due to under investment in infrastructure and committing to integrating their
economies.
He said, “Whilst African economies have made progress towards integrating
their economies and boosting intra-regional trade, the pace is probably a
little slower.”
Dr Kaberuka added: “Integrating African economies and boosting investment
in infrastructure buffered the continent ‘against external shocks’ and
‘business as usual will not do’.
“There is a strong conviction that although many countries have done well
in the last decade, that momentum will be hard to sustain without a quantum leap
on integration.”
He also urged African countries to prioritise integrating their economies
and at the same time investing in infrastructure.
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