Top 5 issues African economies must focus on in 2020

Charles Ayitey Jan 2, 2020 at 09:00am

January 02, 2020 at 09:00 am | Money Moves, Opinions & Features

Charles Ayitey

Charles Ayitey

January 02, 2020 at 09:00 am | Money Moves, Opinions & Features

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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. 

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.

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