Dynamic and Innovative Investment drives
It is not a bad thing to borrow. But what a country uses these borrowed funds for is the main issue. With a high debt stock across the continent, much is not being seen in the area of dynamic and innovative investment.
The call for such a culture is very key, especially when quality human capital is now driving economic development globally. Investing in quality education, massive infrastructure, tourism, and health will be a major booster for Sub Saharan Africa in 2020.
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The prospects are very bright for Africa. There are high returns in Foreign Direct Investments (FDIs) over 12 per cent in 2019 as compared to the global average of 8 per cent. Everyone is turning to Africa to invest and this must send strong signals to respective governments on the continent in 2020.