ECA Policy Brief - Issue 11

African countries have a greater opportunity today, than ever before, to increase and sustain growth, foster industrialization and achieve economic transformation. The continent has attracted much interest over the past decade for its high growth rates of over 5 per cent, high returns on investment (the highest in the world) and the massive potential of its growing labour force, emerging middle class and diversifying sectors of economic activity. In order to turn the corner and reach a more sustainable level of inclusive, job-creating growth, the continent must focus on economic transformation.