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Africa must tap the huge potential of its services sector, UNCTAD report argues

09 July 2015

Services are now the main driver of growth in 30 out of 54 African countries, the UNCTAD Economic Development in Africa Report 2015 reveals, while arguing that services policies must be made more regionally coherent if they are to help achieve sustainable economic development on the continent.

 

The Economic Development in Africa Report 2015, subtitled Unlocking the Potential of Africa´s Services Trade for Growth and Development, represents a giant leap in creating the knowledge base needed for understanding the relationship between services and all economic activity in Africa.

The report also shows the need for better regulatory and institutional frameworks in Africa's infrastructure services sector, and contains key data to demonstrating how the services sector can enable African countries to boost the prosperity of their peoples.