Africa must maintain 7% growth rate for 40 years to eradicate poverty — AfDB – Punch Newspapers

Africa must maintain 7% growth rate for 40 years to eradicate poverty — AfDB

Agency ReportAll 54 countries in Africa must consistently maintain a seven percent growth rate for the next 40-50 years to eradicate poverty and reach high-income status.

Also, he added that it is significant to achieve the United Nations Sustainable Development Goals and the 2023 African Union agenda. “And this decline is across the board. 31 out of 54 countries in Africa hosted a weaker growth rate in 2022 relative to the previous year. Furthermore, he said, ”We acknowledge that our continent had its share of difficulties, growth-stagnation, decline and even catastrophic growth and these statistics remind us of the work that still needs to be done.

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