|Title||Urbanization and Industrialization: For Africa's Transformation|
|Author Name||United Nations Economic Commission for Africa|
Despite the recent slowdown of the global economy and the weakening of Africa's economic performance with the attendant implications for inclusion and sustainability, the long term growth outlook for Africa remains promising. The region's long-term fundamentals remain strong as the pace of growth stands to benefit from a demographic dividend and an industrialization and structural transformation agenda. But its prospects will be profoundly shaped by the way the rapid urban transition is managed. The region is the fastest urbanizing region after Asia, and will be predominantly urban in less than 20 years. Urbanization is thus a defining trend for Africa.