HomeNewsNewsCurrent Global Economic Crisis, a Wake up Call to Africa to Adopt Technological Development – VP Bawumia

Current Global Economic Crisis, a Wake up Call to Africa to Adopt Technological Development – VP Bawumia

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The Vice President, Dr. Mahamudu Bawumia, has said the on-going economic crisis sweeping through the world must be a wake up call to African countries to adopt a technological approach to development, especially as the continent seeks to rebuild and rise.

Addressing a high-level African Union-backed “BOMA” event (www.africaboma.com), the Veep cautioned against focusing on the short-term symptoms of the current crisis and forgetting the structural issues that the worst-hit countries are confronted, which are mostly to do with the lack of competitiveness of their economies. A situation only technological advancement can address sustainably.

The Boma forum brought together global political and business leaders to deliberate on the progress of Africa towards Agenda 2063, the AU’s timetable for transforming Africa into a global economic force.

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