Browsing: Tetsushi Sonobe

Despite the Covid-19 pandemic, Africa is still a prime investment destination.

Participants at an African Development Bank (AfDB) webinar for Asian audiences have affirmed projections that the continent still has enormous investment opportunities.

A supplement by the AfDB, the African Economic Outlook (AEO), revises growth projections and outlook for Africa for 2020 and 2021 highlighting the impact of Covid–19 on Africa’s socio-economic landscape. The appendage recommends policy responses to safely reopen economies and accelerate growth recovery.

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“Despite the Covid-19 pandemic, investment opportunities still abound in Africa,” said Tetsushi Sonobe, the Dean of the Asian Development Bank Institute (ADBI).

He added, “Global markets are shifting to South Asia and Africa. In a sense, Africa is not very far for Asian investors who might be interested in the investment opportunities on the continent.”

Sonobe observed that Africa’s GDP growth is projected to quickly …