#WEF: Economic diversification is vital

According to the World Economic Forum (WEF), the outlook for growth in Africa is mixed and expected to be lower than the 5 percent average of the past decade,

due to the dip in commodity prices and the economic slowdown in China.

However, some African countries are growing by more than 6 percent per annum and foreign direct investment inflow still increases.

I agree with the WEF that the different African economies call for all of us to address the accompanying challenges, such as a growing unemployed young population and climate change.

Zambia and Mozambique, two African countries that used to be a backstop for the continent, were hit especially hard by the dip in commodity prices. Foreign investors have left and many people in these countries are left with nothing. People in Mozambique were upskilled, but there is no work for them.

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