Sub-Saharan Africa’s Push to Diversify

<p>In the new world of lower commodity prices, many sub-Saharan African countries are having to diversify their economies. And while sub-Saharan Africa has had periods of rapid growth, the process by which workers move from low-productivity jobs to better paying higher productivity jobs has been slower than in other regions. The IMF’s latest <a href= "https://www.imf.org/en/Publications/REO/SSA/Issues/2017/10/19/sreo1017"> Regional Economic Outlook for sub-Saharan Africa</a> devotes an entire chapter to studying the potential benefits of a stepped-up diversification agenda. In this podcast, co-author Axel Schimmelpfennig says Africa’s young entrepreneurs should be at the heart of the diversification process.</p> <p>Axel Schimmelpfennig, IMF Mission Chief for Uganda</p>