Africa’s Moment

 

Africa's-Moment.png.opt407x269o0,0s407x269Rather than regurgitating what many media outlets are now picking up on, it would be more meaningful for you to read for yourself why Africa is on the rise. I have taken four short excerpts from a variety of venerable publications, which have written extensively about this issue. I would encourage you to check out the full articles from the first three excerpts. 

 

NY-TIMES-LOGO-

“Six of the world’s 10 fastest-growing economies between 2001 and 2010 were in Africa, according to The Economist. The International Monetary Fund says that between 2011 and 2015, African countries will account for 7 of the top 10 spots….Africa isn’t just a place for safaris or humanitarian aid.It’s also a place to make money. Global companies are expanding in Africa; vast deposits of oil, gas and minerals are being discovered; and Goldman Sachs recently issued a report, “Africa’s Turn,” comparing business opportunities in Africa with those in China in the early 1990s.”  (excerpt taken from Nicholas Kristof’s article entitled Africa on the Rise in The New York Times dated June 30, 2012)  Click here to read the rest of this article.

 

The-Economist-logo“Human development in sub-Saharan Africa has made huge leaps. Secondary-school enrolment grew by 48% between 2000 and 2008 after many states expanded their education programmes and scrapped school fees. Over the past decade malaria deaths in some of the worst-affected countries have declined by 30% and HIV infections by up to 74%. Life expectancy across Africa has increased by about 10% and child mortality rates in most countries have been falling steeply.”  (excerpt taken from Oliver August’s article entitled A hopeful continent in The Economist dated March 2nd, 2013)  Click here to read the rest of this article.

 

Foreign Policy logo“Africa has been the second-fastest-growing region in the world over the past 10 years. It has posted average annual GDP growth of 5.1 percent over the past decade, driven by greater political stability and economic reforms that have unleashed the private sector in many of the continent’s varied mosaic of economies…Poverty is also on the retreat. A new consuming class has taken its place: Since 2000, 31 million African households have joined the world’s consuming class. At this point, when their household incomes exceed $5,000, measured at purchasing power parity, consumers begin to direct more than half their income to things other than food and shelter. The continent now has around 90 million people who fit this definition. That figure is projected to reach 128 million by 2020.” (excerpt taken from Susan Lund, & Arend Van Wamelen’s article entitled Lions on the Move in Foreign Policy dated August 31st, 2012)  Click here to read the rest of this article.

 

 

world-policy-journal-logo“Africa has had its moment of hope and optimism, but this is the one that promises a genuine lasting, takeoff.  Across the diverse continent of 54 sovereign nations and more than a billion people, a growing number of Africans are finding success. With six of the world’s 10 fastest growing economies over the past decade, Africa’s despair and penury, violence and intolerance are increasingly being left behind. Civil wars and despots are giving way to prosperity and democracy.” (excerpt taken from Ray Morris’ introduction in World Policy Journal’s Winter 2012/2013 issue titled Africa’s Moment) Click here to purchase the World Policy article.

 

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