Africa Needs Electricity to Achieve Growth

The World Bank urges Sub-Saharan Africa to prioritise addressing the power sector in order to alleviate domestic impediments to growth
 

The World Bank has urged Sub-Saharan Africa to prioritise addressing the power sector if it is to alleviate domestic impediments to growth.

In a 2016 report entitled Global Economic Prospects: Spillovers amid Weak Growth’, the bank says structural reforms are needed to alleviate domestic impediments to growth and to accelerate economic diversification.

“Creating the conditions for a more competitive manufacturing sector would require, in particular, a major improvement in providing electricity,” it says.

To read the article titled, “Africa needs electricity to achieve growth - World Bank,” click here.
 

Source: 
SABC News

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