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Estimates show that 70% of the economy is now informal. He said it was imperative for government to create investment opportunities for the private sector.
The 56th session of the ECA Conference of African Finance, Planning and Economic Development ministers runs from February 28 to March 5 in Victoria Falls.
The AfDB estimates that between US$130 and US$170 billion is needed for infrastructural development every year, leaving a substantial financing gap of US$68 to US$108 billion.