Africa urged to turn resilience into economic power
Translated from French, summarized and contextualized by DistantNews.
At a glance
- African nations must transform their resilience into a driver of sustainable economic growth, according to a joint statement by the African Development Bank, UNDP, and OECD.
- The focus is on local transformation, increased investment, and more effective public policies to reduce reliance on raw material exports.
- The goal is to leverage Africa's demonstrated resilience during recent crises to build economic power and defend continental interests in a fragmented world.
African nations are urged to convert their resilience into a powerful engine for sustainable economic growth, a key takeaway from the 2026 African Economic Conference hosted by the African Development Bank (AfDB), the UN Development Programme (UNDP), and the OECD.
In an international landscape marked by geopolitical tensions, trade disruptions, and financial uncertainties, the continent is called upon to move beyond mere adaptation. The AfDB, UNDP, and OECD emphasize that this transition hinges on fostering local value creation. Developing industrial transformation, strengthening regional value chains, and attracting greater investment are crucial steps to lessen African economies' dependence on raw material exports.
Institutions also highlighted the need to enhance public policy quality to cultivate an environment conducive to business, innovation, and employment. Improved governance, coupled with targeted investments, is seen as essential for stimulating inclusive growth. The clear ambition is to build upon the resilience African economies have shown during recent crises, establishing a foundation for productive, commercial, and financial strength capable of safeguarding the continent's interests in an increasingly fragmented global order.
Originally published by Journal du Cameroun in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.