NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, May 26, 2017

Fostering entrepreneurship and industrialization in Africa are vital factors in the overall development of the continent, according to the 2017 African Economic Outlook.

The new report, released during the African Development Bank (AfDB) annual meetings, in Ahmadabad, India, predicts an uptick of growth in 2017, after a tough 2016 and Africans should push for accelerated development by harnessing local resources to boost entrepreneurship and drive its industrialization.

Participants at the meeting expressed view that “Entrepreneurship is the engine and spirit that drives private sector and growth.”