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CS: States must devise new growth plans

CS: States must devise new growth plans
Treasury Cabinet Secretary Njuguna Ndung’u. PHOTO/Courtesy.

African economies have been urged to include food security, climate change mitigation and adaptation framework in the economic agenda.

The call was made during the African Economies Research Conference (AERC) 57th Biannual Research Workshop.

Speaking at the event, National Treasury and Economics Planning Cabinet Secretary Prof Njuguna Ndung’u (pictured) reiterated the need for governments across the continent to focus on protecting private investments, recovering health infrastructure, education and nutrition as part of recovery from the multiple shocks.

“We can accelerate African economic recovery journey through collaboration and cooperation towards research that focuses on how to protect private investors, how to reinforce education, recover health infrastructure, food security and food markets, and how to develop, and protect markets to help our economies to recover from the current shocks,” Ndung’u said.

He also encouraged African economies to develop, regulate and protect markets.

In the last two decades, African economies have weathered multiple negative global shocks. However, the Covid-19 pandemic, coupled with the war in Ukraine and climate-related shocks have caused permanent damage that could take years to mend. Acting AERC Executive Director and Director of Training Prof Théophile Azomahou said the economic fundamentals of most African economies have not changed much in the last three decades.

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