Africa's destiny remains in African Hands

Business in Africa

June 21, 2007

The following is an excerpt. To view the full article please visit the link below

Welcome news about Africa’s economic recovery was announced at the World Economic Forum’s (WEF) annual general meeting on Africa, which took place in Cape Town, South Africa, last week. Africa's economy, as a continent, is expected to grow faster than has been the case at any other time in recent history, namely at an impressive rate of 6.2 percent, as compared to last year's 5.5 percent expansion. Long referred to as "the hopeless continent", African governments have been applauded by multilateral institutions and Western governments for making a determined effort to undertake the much-needed economic reforms, aimed at ridding themselves …

* * *

The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.