Past eventResearch Event

African Economic Outlook 2017: Entrepreneurship and Industrialization

Chatham House, London

Participants

Dr Arthur Minsat, Acting Head of Unit - Africa, Europe & Middle-East, OECD Development Centre
Dr Abbi M. Kedir, Associate Professor of International Business, University of Sheffield
Chair: Chi Onwurah MP, House of Commons

Overview

The African Union’s 'Agenda 2063' and the African Development Bank’s ‘High Five’ priorities identify industrialization as essential for achieving Africa’s vision for emergence, particularly for sustainable development, employment and tackling poverty. Past industrialization strategies often failed because, among other things, they neglected the private sector, particularly high-potential entrepreneurs. Africa has the world’s highest share of new entrepreneurs, but most are trapped in non-tradable services. New industrialization strategies can harness this untapped potential.

At this event, speakers will discuss the findings of the African Economic Outlook 2017 and propose concrete steps to lift constraints met by Africa’s high-potential entrepreneurs.