Africa On The Brink...Of An Economic Boom

 

LE JOURNAL DU MALI (Mali)

BAMAKO - Want to try and guess which part of the world has a projected growth rate of 6% for 2012? South Asia? South America? Wrong - It's Africa!

“Africa is on the brink of a major transformation,” declares Elsie Kanza, World Economic Forum director for Africa.

So long associated only with misery and economic hopelessness, Africa is home to six of the world’s 10 fastest growing economies, including Angola and the Republic of Congo.

The 22nd World Economic Forum gathering opens in the Ethiopian capital of Addis Ababa on Wednesday, with an unprecedented sense of optimism about the continent's economic potential. This year’s theme is “Shaping Africa’s Transformation” and will address three themes: Strengthening Africa’s Leadership, Accelerating Investment in Frontier Markets and Scaling Innovation for Shared Opportunities.

“Experts, businessmen and regional opinion leaders will meet to discuss their experiences and ideas on how to transform Africa, how to bring change to a continent whose population is close to a billion people,” reports the Journal du Mali. "African nations need to concentrate on developing investments in key sectors of the economy, frontier markets such as agriculture and energy."

Read the full article in French.



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