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The world’s fastest-growing continent: Aspiring Africa | The Economist

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The world’s fastest-growing continent: Aspiring Africa | The Economist.

CELEBRATIONS are in order on the poorest continent. Never in the half-century since it won independence from the colonial powers has Africa been in such good shape. Its economy is flourishing. Most countries are at peace. Ever fewer children bear arms and record numbers go to school. Mobile phones are as ubiquitous as they are in India and, in the worst-affected countries, HIV infections have fallen by up to three-quarters. Life expectancy rose by a tenth in the past decade and foreign direct investment has tripled. Consumer spending will almost double in the next ten years; the number of countries with average incomes above $1,000 per person a year will grow from less than half of Africa’s 55 states to three-quarters.

Africans deserve the credit. Western aid agencies, Chinese mining companies and UN peacekeepers have done their bit, but the continent’s main saviours are its own people. ..

Africa Is More Stable than You’ve Been Led to Think – Jonathan Berman – Harvard Business Review

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Africa Is More Stable than You’ve Been Led to Think – Jonathan Berman – Harvard Business Review.

The recent political instability in Mali has cast a cloud of poor publicity over the economic and commercial rise of Africa, one of the few bright spots in the global economy. Press analysis has speculated whether political instability is endemic to Africa and likely to expand in the future. It’s an important point for the many companies, from GE to Unilever, that are turning to Africa for their next wave of growth…

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