Africa: 'Industrialisation, Diasporan Investment Crucial to Boosting Africa's Capital Stock'

Industrialisation and African Diaspora investment are key to raising Africa's capital stock which will trigger faster economic growth and development in the continent, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has said.

Delivering an address at the "Africa Leaders Speak" Forum at Harvard University's Kennedy School in Cambridge, United States, recently, President Oramah pointed to academic research and empirical evidence showing the link between the rate of capital accumulation and economic performance and indicating that developed economies were those with the highest capital stock.

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