[AfrICANN-discuss] The lion kings?

Wed Jul 4 17:27:21 SAST 2012

Africa is now one of the world’s fastest-growing regions

Jan 6th 2011 | from the print edition

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  MUCH has been written about the rise of the BRICs (Brazil, Russia, India
and China) and the shift in economic power eastward as Asia outruns the
rest of the world. But the surprising success story of the past decade lies
elsewhere. An analysis by *The Economist* finds that over the ten years to
2010, no fewer than six of the world’s ten fastest-growing economies were
in sub-Saharan Africa (see table).

The only BRIC country to make the top ten was China, in second place behind
Angola. The other five African sprinters were Nigeria, Ethiopia, Chad,
Mozambique and Rwanda, all with annual growth rates of around 8% or more.
During the two decades to 2000 only one African economy (Uganda) made the
top ten, against nine from Asia. On IMF forecasts Africa will grab seven of
the top ten places over the next five years (our ranking excludes countries
with a population of less than 10m as well as Iraq and Afghanistan, which
could both rebound strongly in the years ahead).

Over the past decade sub-Saharan Africa’s real GDP growth rate jumped to an
annual average of 5.7%, up from only 2.4% over the previous two decades.
That beat Latin America’s 3.3%, but not emerging Asia’s 7.9%. Asia’s
stunning performance largely reflects the vast weight of China and India;
most economies saw much slower growth, such as 4% in South Korea and
Taiwan. The simple unweighted average of countries’ growth rates was
virtually identical in Africa and Asia.
 *In this section*

   - Inflated fears <http://www.economist.com/node/17851541>
   - Enough to make your eyes water <http://www.economist.com/node/17853294>
   - »The lion kings?
   - Moynihan's millstones <http://www.economist.com/node/17853314>
   - Betting big on bonds <http://www.economist.com/node/17853304>
   - Saint under siege <http://www.economist.com/node/17857429>
   - Another breach in the wall <http://www.economist.com/node/17857419>
   - Dismal ethics <http://www.economist.com/node/17849319>

Reprints <http://www.economist.com/rights>
------------------------------
*Related topics*

   - African economy <http://www.economist.com/topics/african-economy>
   - Business <http://www.economist.com/topics/business>
   - Chinese economy <http://www.economist.com/topics/chinese-economy>
   - Economies <http://www.economist.com/topics/economies>
   - Africa <http://www.economist.com/topics/africa>

 Over the next five years Africa’s is likely to take the lead (see chart).
In other words, the average African economy will outpace its Asian
counterpart. Looking even farther ahead, Standard Chartered forecasts that
Africa’s economy will grow at an average annual rate of 7% over the next 20
years, slightly faster than China’s.

So it should, of course. Poorer economies have more potential for catch-up
growth. The scandal was that Africa’s real GDP per head fell for so many
years. In 1980 Africans had an average income per head almost four times
bigger than the Chinese. Today the Chinese are more than three times
richer. Africa’s rapidly rising population still dampens its growth in real
income per head but that, too, has risen by an annual rate of 3% since
2000—almost twice as fast as the global average.

For Western firms Africa’s economy still looks tiny, accounting for only 2%
of world output. Emerging Asia’s is ten times larger. But Africa’s share is
rising, not only because of brisker growth but because GDP has been
seriously understated in many economies. In November the size of Ghana’s
economy was revised up by a massive 75% after government statisticians
improved their data and added in industries such as telecoms. Other
countries are likely to revise their GDP levels and growth rates upward
over the coming years.

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.
Urbanisation and rising incomes have fuelled faster growth in domestic
demand.

Economic management has improved, too. Government revenues have been
bolstered in recent years by high commodity prices and rapid growth. But
instead of going on a spending spree as in the past some governments, such
as Tanzania’s and Mozambique’s, have put money aside, cushioning their
economies in the recession.

Some ambled through the decade rather than sprinted. Africa’s biggest
economy by far, South Africa, is one of its laggards: it posted average
annual growth of only 3.5% over the past decade. Indeed, it may be
overtaken in size by Nigeria within ten to 15 years if Nigeria’s bold
banking reforms are extended to the power and the oil industries. But the
big challenge for all mineral exporters will be providing jobs for a
population expected to grow by 50% between 2010 and 2030.

Commodity-driven growth does not generate many jobs; and commodity prices
could fall. So governments need to diversify their economies. There are
some glimmers. Countries such as Uganda and Kenya that do not depend on
mineral exports are also growing faster than before, partly because they
have increased manufacturing exports. Standard Chartered thinks that Africa
could become a significant manufacturing centre.

Formidable obstacles to Africa’s continued progress loom, among them
political instability, the weak rule of law, chronic corruption,
infrastructure bottlenecks, and poor health and education. Without reforms,
Africa will not be able to sustain faster growth. But its lion economies
are earning a place alongside Asia’s tigers.

2012/7/3 CAPDA CAPDA <capdasiege at gmail.com>

> Bonjour à tous,
>
> J’adhère à cette proposition de Esam, on aurait eu l'idée rapidement que
> nous aurions adressé une lettre co-signée par ceux qui étaient à la
> réunion, cela aurait eu un impact fantastique, mais bon, il n'ai jamais
> trop tard, nous sommes toujours dans la mouvence.
>
> Bonne journée et courage à tous.
>
>
> 2012/7/3 Esam Abulkhirat <aldhina at yahoo.com>
>
>> Dear 4+ and Af-Community,
>>
>> I would like first to thank you for sharing your thoughts on the
>> timeline. I think its a good idea also to submit a letter to ICANN Board
>> and Dr. Fadi for the cooperation spirit and also welcoming the new CEO to
>> ICANN.
>>
>> Best
>>
>> *
>> ----------------------------------------------------------------------------------
>> *
>> *Mr. Esam M. Abulkhirat (MSc)*
>> ICT Expert
>> Tripoli-LIBYA
>> Mobile: +218 92 7244938
>> Skype: esam_abulkhirat
>>
>> ------------------------------------------------------------------------------------------------------------------------------------------
>> "All Things Are Difficult Before They Are Easy"
>>
>>   ------------------------------
>> *From:* Dandjinou Pierre <pdandjinou at gmail.com>
>> *To:* attoumani karim <attoukarim at yahoo.fr>; AfrICANN-44 Participant
>> List <africann-44 at afrinic.net>; Mouhamet Diop <mouhamet at next.sn>
>> *Cc:* Justin RUGONDIHENE <justin.rugondihene at rura.gov.rw>; pierre
>> dandjinou <sagbo53 at yahoo.fr>
>> *Sent:* Monday, July 2, 2012 7:32 PM
>>
>> *Subject:* Re: [AfrICANN-44] Africa Strategic plan - Open Up .
>>
>> Dear All,
>>
>> 'The group of 4 +1'  (Tarek Kamel, Pierre Dandjinou, Nii Quaynor,
>> Maimouna Diop Diagne and Palesa Legoze) has conducted its first
>> brainstorming in Prague and wishes to share the following timeline for
>> the drafting of the Africa Strategic Plan of ICANN :
>>
>> July :
>> -Conclude ToRs through any further discussion with ICANN and
>> interactions with the African community
>> -email consultation with African community
>> -Review Icann's strategic Plan (2013 - 2016)
>>
>> August :
>> -Retreat at Afrinic meeting with regional liaisons
>> -Development of presentation and roadmap
>> -Community consultations on needs and benefits
>> -Integration of regional IGFs recommendations
>> -Consultation with Icann for alignment
>>
>> September  :
>> - Publish a presentation for general feedback
>> - Review presentation
>> - Prepare summary presentation (30mn) for ICANN 45 in Toronto
>>
>> October :
>> - Presentation at ICANN Toronto (To ICANN's CEO, Board, and African
>> community)
>> - Start draft report
>>
>> The G4+1 will nominate a chair and a vice chair and work with ICANN to
>> address communication modalities and expected resources (website,
>> funds, call conference, meetings, etc.)
>>
>> The group remains open to your suggestions and recommendations and
>> welcomes the regional Reps being proposed.
>>
>> Best regards
>>
>> Tarek , Nii, Pierre, Maimouna, Palesa
>> _______________________________________________
>> AfrICANN-44 mailing list
>> AfrICANN-44 at afrinic.net
>> https://lists.afrinic.net/mailman/listinfo.cgi/africann-44
>>
>>
>>
>> _______________________________________________
>> AfrICANN-44 mailing list
>> AfrICANN-44 at afrinic.net
>> https://lists.afrinic.net/mailman/listinfo.cgi/africann-44
>>
>>
>
>
> --
>
> *
> *
>
> *Michel TCHONANG LINZE*
>
> Coordinateur Général
>
> Coordonnateur Régional Afrique Centrale Réseau Panafricain Société Civile
> (ACSIS)
>
> *EVENEMENTS SUR LES TIC ! *
>
> FGI Afrique (AfIGF) 03 au 04 Octobre 2012 au Caire - Egypte
>
> FGI du 06 au 09 novembre 2012 Baku, Azerbaïdjan
>
> *SYMPOSIUM TIC AFRIQUE* : Du *10 au 13 Juillet 2012 à Yaoundé – Cameroun.*
> *«Les TIC et le Développement Durable : Dans les pays émergents, quelles
> stratégies face à la Cybercriminalité et la Cybersécurité pour les Villes
> Numériques, l’e-Government, l’e.Emploi et l’e.Santé ?»*.*
> **CAPDA* (Consortium d'Appui aux Actions pour la Promotion et le
> Développement de l'Afrique)
> BP : 15 151 DOUALA - CAMEROUN Tél.:(237) /7775-39-63 / 2212-9493/
> 3340-46-49  Fax : (237) 3340-46-49
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> Site : www.capda.net ; www.ict-forum.org ; www.ict-africa.org ;
> www.tic-afrique.org/
>
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