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October 19 | east africa investment | 461 views | 0 Comments

Resilience Is Vital to Africa’s Promising Development Future

Future-proofing African development by building resilience will determine how successful we are at ending extreme poverty and creating shared prosperity. Nigeria’s economic freedom score is 55.6, making its economy the 120th freest in the 2015 Index. The trend of strong economic growth in sub-Saharan Africa—which led to the continent sustaining 5% GDP growth, allowed the continent to better withstand the effects of a trough in the global business allowing for foreign direct investment. The good news is that the donor community and governments are shifting gears toward more prevention and resilience. Instead of simply reacting to disasters, resilience is being integrated into all aspects of development.

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