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World Economic Forum to be held in Addis Ababa

Posted by Ethio Tribune on May 7, 2012

World Economic Forum - Tigrai OnlineThe 2012 World Economic Forum on Africa will be held in Ethiopian capital Addis Ababa, Davos-based World Economic Forum (WEF) has announced.

The forum, themed “Shaping Africa’s transformation”, will begin May 9 and end May 11.

The WEF holds similar forum for other continents – Latin America, Asia, Europe among others.

Ethiopia is the second most populous country in sub-Saharan Africa and a prime example of the continent’s fast-growing economies.

Home to the African Union and the United Nations Economic Commission for Africa, the WEF said Addis Ababa will offer an exceptional opportunity to bring together global and pan-African leaders to shape the region’s transformation.

With a projected growth rate of 6% in 2012, Africa is said to be on the brink of a major transformation. Over the last decade, the continent was home to six of the world’s 10 fastest growing economies, and the outlook for the region remains bright at a time when the rest of the world is facing major political and economic challenges.

However, attaining Africa’s aspirations in a new global context will require bold and actionable ideas, as well as strong leadership on regional, national and industry levels. 

(source: Ghana Business News)

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