Welcome to Africanews

Please select your experience

Watch Live

world

WEF Africa 2017 comes to an end with hope to implement solutions

South Africa

The World Economic Forum comes to an end with a lot of hope for the implementation of ideological solutions for the continents economy to thrive while keeping the promise of total inclusion in all sectors.

“Well I think the theme of this forum is to have responsible and responsive leaders, who will drive and lead their economies to inclusive growth,” South African Deputy President Cyril Ramaphosa said.

The three day event in summary saw many panel led sessions focusing on the poor in Africa to be part of these conversations while maintaining a broad look at investing in different sectors to create diverse opportunities.

“Ordinary citizens a beginning to ask the leaders important questions about whether they are responsible in the activities or actions or whether they are also accountable,” Ramaphosa added.

The idea that the continents economy is on a bumpy path of recovery, but is shadowed by uncertainty, potential risks and challenges was shared by many and the way forward should be inclusion, in many areas.

“Colonialism left us with infrastructure that was designed to take raw materials out of the continent. That’s what it was, it wasn’t about to support inter regional growth and trade. So we’ve got to build connections between ourselves, road, rail, trade facilitations softer issues in borders and so on and then we’ve also got to cooperate to promote industrial development that supports regional value chains as I have already said,” South Africa’s Trade Minister Rob Davies said.

One thing is clear, Africa will need radical economic transformation policies to be able to get out of the quagmire that is hindering her growth currently.

View more