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The African Economic Outlook 2020 report prepared by the African Development Bank was praised at the 33rd African Union Summit in Addis Ababa for being an effective blueprint for addressing Africa’s human capacity gap.

The 2020 report, under the theme Developing Africa’s workforce of the future, was presented at a side event attended by civil society, policymakers, global and regional development organizations, the media and academia.

“The facts mentioned in the second part of this report are striking. It reminds us of the size of the investment that must be made in the development of human capital in Africa, an essential component for achieving productive transformation,” said Victor Harison, the African Union Commissioner for Economic Affairs.

Also Read: African Economic Outlook indicates steady growth through 2021

The African Economic Outlook has become the blueprint for planning and for sound economic research about Africa said the Secretary-General of the African Development …

President Vladimir Putin hosted the first-ever Russia-Africa summit Wednesday and Thursday in the latest display of Moscow’s efforts to restore its geopolitical foothold on the continent after the fall of the Soviet Union.

Amid a deluge of memoranda of understanding and cooperation agreements, Russia clinched a series of trade agreements with some of the 55 African countries represented at the summit in Sochi.

Below is a list of military, energy and other deals made between Russia and African countries at the inaugural summit:

Military and politics:

— Russia signed a contract to supply 12 Mi-35 Hind E attack helicopters to Nigeria.

— Overall, Russia plans to send $4 billion worth of weapons to African countries in 2019, the state arms exporter said.

— Putin said Russia wrote off $20 billion of African countries’ debts that had accumulated during Soviet times.

— Putin has signalled readiness to help stabilize conflicts in …