Charting development path for Africa

A report by the African Development Bank (AfDB) titled, East Africa Economic Outlook 2020: Coping with Covid-19 pandemic, confirms the worries economists have about the region’s emerging development model, which is somewhat different from the traditional growth paths of other countries in the world.
The history of virtually all developed countries was that economic transformation moved from agrarian economy to industrialisation before diversifying into service and knowledge economies. Now, AfDB boldly reports that the East African economic structure is transforming with the services sector becoming more dominant.
That kind of change from agrarian to service industry still puzzles economists. There are those who argue that Africa’s only ho

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Blog Posts From Prof. Bitange Ndemo