Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for human development, according to the ‘AFRICAN ECONOMIC OUTLOOK 2013’, released today.

The continent’s economic outlook for 2013 and 2014 is promising, confirming its healthy resilience to internal and external shocks and its role as a growth pole in an ailing global economy. Africa’s economy is projected to grow by 4.8% in 2013 and accelerate further to 5.3% in 2014.

The four key elements that are needed to achieve that objective:
1. Infrastructure, Education and more competitive markets
2. Sound Land management, effective tax systems and incentives
3. Proceeds from natural resources must be invested in people’s capacities and jobs
4. Change and economic diversification, transparent budgets.
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