Many experts believe Africa, with its expansive base of newly minted consumers, may very well be on the verge of becoming the next India, thanks to frenetic urbanization and the sort of big push in services and infrastructure that transformed the Asian subcontinent 15 years ago. Here are some of the external factors aiding Africa’s rise.
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Many African scholars and politicians have repeatedly made the point that Africa remains behind other regions or continents as a result of the historical injustices it endured for centuries. Disturbingly, though, the injustices have taken a different form over the […]
China and India get all the headlines for their economic prowess, but there’s another global growth story that is easily overlooked: Africa. In 2007 and 2008, southern Africa, the Great Lakes region of Kenya, Tanzania, and Uganda, and even the […]
BRAZIL, Russia, India, China and South Africa (commonly referred to as the BRICS) recently concluded the fifth annual meeting. As the Economist have pointed out, the confusion arises from the fact that South Africa has sneaked into the group, which […]
While wananchi (Swahili for citizens) are honoured that Barack Obama finally decided to drop in, they are not terribly enamoured by the supposed intentions behind his visit. Many still believe Obama’s Africa tour is part of a new, shrewder scramble for this continent’s vast resources – a sort of brutal brawl that pits American interests against China’s.