dc.description | The 2012 World Economic Forum on Africa was held in Addis Ababa, Ethiopia 9-11 May 2012. This side event was organized by ECA as part of its partnership with the World Economic Forum and the Government of Ethiopia. It builds on the outcome of the Fifth Session of the Joint AUC-ECA Conference of African Ministers of Finance, Planning, and Economic Development held in March 2012 in Addis Ababa under the theme “Unleashing Africa's potential as a pole of global growth”. Africa's growth rate is expected to reach 6% in 2012. Improved macroeconomic and political stability, a growing consumer base, and an ongoing resource expansion drive this growth. Deepening links to fast-growing emerging economies and an increasing appetite for long-term investments in Africa's frontier markets by global and regional champions are fueling renewed optimism about the continent's future. In his opening remarks, Mr. Abdoulie Janneh, the UN Under-Secretary-General and Executive Secretary of ECA, highlighted the ongoing debate around the roles of state and private sector operators over the past fifty years. While the state may have over-extended itself during the early post-independence era, the market fundamentalism of the past thirty years has come at a high cost in terms of equity, growth, and development. According to his indication, as we look towards Africa's progress over the next four decades, we must find the right balance between the roles of states and markets on our continent. Emmanuel Nnadozie, Director of Economic Development and NEPAD Division at UNECA, outlined five key points during his discussion. Firstly, he acknowledged that Africa is currently experiencing growth and success. However, the question remains: where will Africa be in the future? Secondly, he emphasized the importance of considering where Africa should aim to be by 2050, and what can be expected. Thirdly, he discussed the various opportunities that exist for Africa's development. Fourthly, he addressed the challenges that need to be overcome to achieve progress. Finally, he highlighted the crucial role that the private sector should play in driving Africa's development. | en |
dc.title | Mr. Abdoulie Janneh the UN Under-Secretary-General Opening Remarks and Emmanuel Nnadozie Discussion at the 2012 World Economic Forum on Africa | en |
dc.title.alternative | Africa 2050: A Private Sector Perspective | en |
ags.publisherPlace | Addis Ababa | en |
ags.publisherName | UN. ECA | en |
dc.date.accessioned | 2024-06-14T09:03:45Z | |
dc.date.available | 2024-06-14T09:03:45Z | |
dc.date.issued | 2012-05-09 | |
dc.identifier.uri | https://hdl.handle.net/10855.1/4290 | |
uneca.workflow.processed | true | |
uneca.language.supported | en | |
dc.relation.isPartOf | 2012 World Economic Forum on Africa | |
dc.coverage.spatial | AFRICA | |
dc.coverage.spatial | ETHIOPIA | |
dc.format.extent | 22:30 | |
dc.format.medium | MP4 | |
dc.language | en_US | |
dc.type | Video | |
dcterms.accessRights | UNECA | |
ags.creatorCorporate | United Nations. Economic Commission for Africa | |
ags.creatorConference | UN. ECA World Economic Forum on Africa (:2012, MAY.9-22: Addis Ababa, Ethiopia) | |
ags.subjectThesaurus | ECONOMIC GROWTH | |
ags.subjectThesaurus | PRIVATE SECTOR | |
ags.subjectThesaurus | EMPLOYMENT CREATION | |
ags.subjectThesaurus | ECONOMIC CONDITIONS | |
ags.subjectThesaurus | ECONOMIC DEVELOPMENT | |
ags.subjectThesaurus | DEVELOPMENT | |
ags.subjectClassification | 02.02.00 ECONOMIC CONDITIONS | |
ags.subjectClassification | 05.00.00 INDUSTRIAL SECTOR | |
ags.subjectClassification | 02.04.00 DEVELOPMENT | |
ags.descriptionNotes | Conference | |
ags.rights.TermsOfUse | Public | |
ags.availabilityLocation | ECA-HQ | |
ags.creatorConferenceCategory | Other Conferences | |