Africa in 2019 Outlook Conference
How can Africa improve on its ability to execute economic growth?
The optimistic outlook which Deloitte Chief Executive Lwazi Bam had for the continent in 2018 still remains in 2019, however various developments across the continent have resulted in increasing uncertainty for the year.
In 2018, optimism in Africa was informed by somewhat progressive regime changes in some countries, recovering commodity prices, and a mostly positive global economic outlook. In 2019, however short-term developments in the Democratic Republic of the Congo (DRC) and Zimbabwe, as well as the prospects of major elections in 24 African countries, all contribute towards a sense of ambivalence of the continent’s future. Added to this uncertainty are issues pertaining to the continent’s chronic inability to execute on economic development goals.
The focus in 2019 should thus be on how African governments can improve on their overall capacity to execute, as well as an exploration of the ways in which the private sector can assist to deliver on these mandates.