Global economic experts unveil solutions for the transformation of Africa

May 26, 2016

The World Economic Forum on Africa was held in Kigali from 11 to 13 May.

Participants at the World Economic Forum on Africa, held from 11 to 13 May in Kigali, Rwanda, have offered several solutions to enable the African continent to develop.

Makhtar Diop, the World Bank's vice president for Africa, said the current era of cheap goods is a "wonderful opportunity" to invest in agriculture, Xinhua agency reports.

"We need to use technology to improve productivity and reduce risks to farmers through promoting insurance products and other measures," he said.

Participants also stressed the need to reduce investors' negative perception of Africa in terms of risks and to promote what African markets have to offer.

Pravin Gordhan, the South African Minister of Finance, said that African countries should focus on implementing projects that will demonstrate Africa's capacity to meet its commitments, which will reassure investors.

Claver Gatete, the Rwandan Minister of Finance, added that regional connectivity is key to improving economic growth, as it improves the attractiveness of a region, boosts investment and stimulates trade.ADNFCR-2976-ID-801819134-ADNFCR