Youths, Economy and Corruption: The African Outlook at World Economic Forum on Africa 2015 June 6, 2015
Posted by OromianEconomist in Uncategorized.Tags: Africa, African Studies, Causes of poverty, Youth Unemployment
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By Femi Senu, Director of Research – NACT-PVS
The 25th World Economic Forum (WEF) on Africa was held in Cape Town, South Africa, between 3 June 2015 and 5 June 2015. Over 1,000 leaders from business, politics and civil society convened including South Africa’s current President, Jacob Zuma and former British Prime Minister, Gordon Brown.
During the WEF, African political and business leaders made clear that transparent and accountable financial systems had to be promoted to aid social and economic rights such as education and healthcare for the continent’s youth. With Africa losing millions from illicit financial flows, the focus on economic growth has given rise to deep inequalities, pervasive poverty and struggling infrastructure despite the fact that Africa swims in mineral resources and a large labour market.
Reflecting on the three day conference, its aim has been to connect Africa to the world, creating ethical business operations with concurrent…
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