Kigali to Host African Economic Conference

{{African Development Bank has said Kigali will host the 2012 African Economic Conference from 30 October to 2nd November, 2012.}}

The theme of the 2012 conference is” Fostering inclusive and sustainable development in Africa in an Age of global economic uncertainty”.

The conference will focus on long-term continental economic growth in the aftermath of the financial and economic crisis.

According to African Economic Outlook 2012, Africa’s average growth declined from 5% in 2010 to 3.4% in 2011, mainly due to the political uprisings in North Africa, whose growth rate was only 0.5% in 2011.

With the gradual recovery of North African economies, average growth is expected to rebound to 4.5% in 2012 and to 4.8% in 2013.