Japan, for example, increased its funding for
Africa’s infrastructure across energy, transport,
water, and ICT from $1.5bn in 2013 to $2.1bn
And that is why African governments are
sharing knowledge and engaging in peer-to-peer
dialogues, such as with the OECD Development
Centre, to design effective national development
strategies. These are designed to unlock the
potential and creativity of entrepreneurs,
producers and investors at home – and attract
them from abroad.
The bottom line is clear: by making Africa’s
structural transformation open for business, the
continent can do more with the private sector’s
resources, ingenuity and innovation to drive
productivity, growth and development.
Doing so will improve the lives and prospects
of Africa’s men, women and children.