Africa 4

EXECUTIVE EDITOR’S VIEW : TIME TO CELEBRATE AFRICA’S POTENTIAL.

While the global crisis has affected Africa’s growth performance, mainly because of weaker demand, lower commodity prices and declines in capital flows, as well as promises of aid that never materialised,  growth is set to remain strong and the outlook remains bright.

The African economy has been enjoying an upsurge in recent  years.

Actually, since the 1990s Africa has benefited from shifting global wealth and the sustained boom in demand for commodities  and accompanying price rises.

After 2000, as the growth rate of the emerging economies really took off, their needs for energy, minerals, arable land, wood, etc. rose sharply.

Today, we at www.conversationprivee.com / www.off-the-recordmessaging.com are still very confident about the future even if the continent still faces several structural challenges and even if China’s growth rate is declining.

We all know that the African continent has a strong comparative advantage in natural resources, whether in energy, mineral resources or agriculture, which could be the basis for action.

We all know that commodities have been a major driver of Africa’s growth story in recent years and that most investment in Africa including from emerging economies, still targets natural resources.

Now, the time is ripe for Africa :

1. To make better use of its natural resources through greater investments in value added activities and know how, thereby generating more revenue for government and more jobs opportunities for Africans, 

2 . To adopt policies designed to improve infrastructure, logitistics and skills, as well as promoting private sector development  and achieve more inclusive growth.

3. To implement a transparent and fair tax system, as well as promoting competition and fighting public and private corruption.

4. To raise agricultural productivity.

With the right policies and strategic approach, the social and economic progress of recent years could be the prelude to long – lasting, sustained prosperity in Africa.

Yes, time has come to celebrate Africa’s potential !

Africa ? : Hello tomorrow ! …

 

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