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Can the host sustain it’s rank?

With a population estimated at 85 million Ethiopia is the second most populous in the continent next to Nigeria, and a recent forecast by the Economist Intelligence Unit declared its economy is the third fastest growing next only to that of India and China.  Ethiopia’s controversial annual GDP growth stands anywhere between 7% – 11%, (depending on which report is one reading) with forecasters of the later predicting it to continue for the next five years, in which case Ethiopia could even prevail over China and India to become the world’s number one fastest growing economy.

The ongoing World Economic Forum today debated on how best to maximize social and economic returns, increasing private sector investment and reaping benefits from leapfrogging within the continent.

According to WEF in the past years transportation, energy and communication investments contributed substantially more to per capita growth in Africa than structural policies.

The first plenary session of World Economic Forum on Africa, taking place in Addis Ababa, Ethiopia, from the 9th – 11, 2012, has held a discussion on issues related to fostering political stability, strengthening business environments and advancing regional integration.

But talking high about the prospects of accelerating economic growth comes to a futile end without ensuring quality education throughout the continent, according to Vikas Pota, Global Head of Corporate Affairs, GEMS Education and Chief Executive, Varkey GEMS Foundation.