Africa Economy

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African leaders and investors are uniting around fund-of-funds structures, governance reforms, and domestic pension funds to direct private capital toward infrastructure and manufacturing. This approach addresses persistent economic challenges amid steady but job-scarce growth. Experts at a recent conference highlighted a shift toward self-reliant development strategies.

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The G20 Leaders' Summit in South Africa has adopted an Africa Engagement Framework aimed at addressing the continent's economic challenges. Leaders broke tradition by issuing a declaration on the first day, despite US opposition. Norwegian and EU support highlights the summit's focus on African priorities.

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