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'African Davos' to focus on continent's upbeat economic future

The new president of the African Development Bank (AfDB) Akinwumi Adesina smiles on May 28, 2015 in Abidjan following his election at the AfDB annual meetingGrowing optimism over Africa’s economic future is set to draw more than 1,250 delegates from governments and international corporations Wednesday to the three-day “African Davos” in Cape Town, the World Economic Forum said. The offshoot of the annual WEF meeting in the Swiss resort of Davos, which brings public and private business leaders together, is celebrating its 25th anniversary with an upbeat outlook as growth across Africa outstrips the global average. “The record levels of participation at this year’s gathering can be seen to reflect both an optimism in the economic prospects of the region and an unprecedented commitment… to pursue public-private cooperation,” the WEF said.

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