Awramba Times (Addis Ababa)- The African Union (AU) Commissioner for Economic Affairs, Dr. Anthony Mothae Maruping, highlighted the various setbacks that are gradually slowing Africa’s economic advancement.
Commenting on the drop of prices on Africa’s commodities on the global scale and the pressing issue of natural disasters like drought and floods which affects agricultural production and economic growth.
He said that there is need for increased diversification for African countries to move away from dependency on rain fed agriculture.
PM Halemariam Desalegn leaving the African Union hall, accompnied by his special envoy, Berhane Gebrekirstos (L) and Ewnetu Bilata (R), special assistant to the Premier [Photo: Awramba Times/Sisay Guzay]
The commissioner also stressed that the year 2016 is a year to pursue logical conclusion of the unfinished work so as to build capacity for the implantation of Agenda 2063 and that already plans are under way to operationalise the African Monetary Fund in Yaoundé, Cameroon, Pan African Statistics Training in Yamoussoukro, Cote d’Ivoire, Pan African Statistics Institute in Tunis, Tunisia, all these esteemed institutions will be instrumental in facilitating resource mobilisation and monitoring of illicit financial flows that continue to leave the continent in debt.
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