8 October 2019

Originally published on ACET

Structural transformation of African economies would best be achieved on the development of home-grown policies and strategies that spur growth of production in various sectors.

Dr Arkebe Oqubay, Minister and Special Assistant to the Prime Minister of Ethiopia, said instead of prescriptions from outside, which in most cases do not work, African countries were better off looking for solutions within to solve their challenges.

This, the countries could do through learning and adapting lessons from countries which have successfully walked the path.

This, however, is not to swallow hook, line and sinker, the consensus of the Brettonwood institutions, he said.

Dr Oqubay was speaking at a seminar on industrialisation strategy at a roundtable organised by the African Center for Economic Transformation (ACET).

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