Sunday, January 9, 2011

Resurgent Africa?

The Economist finds that over the ten years to 2010, six of the world’s ten fastest-growing economies were in sub-Saharan Africa. Further, on IMF forecasts Africa will grab seven of the top ten places over the next five years.

As The Economist writes, the China factor looms large on Africa's fortunes,

"Africa’s changing fortunes have largely been driven by China’s surging demand for raw materials and higher commodity prices, but other factors have also counted. Africa has benefited from big inflows of foreign direct investment, especially from China, as well as foreign aid and debt relief."

Update 1 (24/4/2011)

Excellent article in Economist that highlights the various dimensions of Chinese investments and interventions in Africa and the resistance it is provoking.

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