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</o:shapelayout></xml><![endif]--></head><body bgcolor=white lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:windowtext'>End the year with good news.. this was one paper that used to call Africa &#8230;the dark continent and other memorable words&#8230;.</span><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>AR<o:p></o:p></span></p><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=728 style='width:436.8pt;background:white;border-collapse:collapse'><tr><td style='padding:0in 0in 0in 0in'><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=728 style='width:436.8pt'><tr><td style='padding:0in 0in 0in 0in'></td></tr></table></div></td></tr><tr><td style='padding:0in 3.75pt 0in 0in'><p class=MsoNormal align=right style='text-align:right'><a href="http://click.alerts.economist.com/?qs=9e04b0954799371e2ac1cda9e084d43389d9a9338bdd214bef9f84c92267a506350da7557257f08e"><b><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:#08526D;text-decoration:none'>View in browser</span></b></a> | <a href="http://click.alerts.economist.com/?qs=fcda431b26071d57c0c863ba7bb72d581292682824eda1958f0341cc6cf3cde56570bda8f15893a8"><b><span style='font-size:7.5pt;font-family:"Verdana","sans-serif";color:#08526D;text-decoration:none'>E-mail a friend</span></b></a> <o:p></o:p></p></td></tr><tr style='height:.75in'><td width=728 style='width:436.8pt;padding:0in 0in 0in 0in;height:.75in'><table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=728 style='width:436.8pt;border-collapse:collapse;border:none'><tr style='height:53.4pt'><td width=184 style='width:110.4pt;border:none;border-bottom:solid white 1.0pt;background:red;padding:0in 0in 0in 0in;height:53.4pt'><p class=MsoNormal><a href="http://click.alerts.economist.com/?qs=0ba0f4072043f64cddf0b5b99ee96da13506012751642d6eec8a550160917a0ba0e4935aa5cec46d"><span style='text-decoration:none'><img border=0 width=184 height=89 id="_x0000_i1025" src="http://media.economist.com/images/content/emails/new_template/economistLogo.jpg" alt="The Economist"></span></a><o:p></o:p></p></td><td width=544 style='width:326.4pt;border:none;border-bottom:solid white 1.0pt;background:#09526D;padding:0in 0in 0in 0in;height:53.4pt'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr><td style='padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr style='height:17.4pt'><td width=60 style='width:.5in;padding:0in 0in 0in 0in;height:17.4pt'><p class=MsoNormal>&nbsp;<o:p></o:p></p></td><td width=370 style='width:222.0pt;padding:0in 0in 0in 0in;height:17.4pt'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%'><tr><td style='padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%'><tr><td style='padding:0in 0in 0in 0in'><p class=MsoNormal><span style='font-size:8.5pt;font-family:"Verdana","sans-serif";color:#CCCCCC'>Wednesday, December 21st 2011</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><o:p></o:p></span></p></td></tr></table></td></tr></table></td><td width=110 style='width:66.0pt;padding:0in 0in 0in 0in;height:17.4pt'><p class=MsoNormal><a href="http://click.alerts.economist.com/?qs=676eeaa9d4d05b05b75a87ee6cdc3503250c8a2e53494e58ee66dad9702d39d0f3eacb351579eab8"><span style='text-decoration:none'><img border=0 width=20 height=25 id="_x0000_i1026" src="http://media.economist.com/images/content/emails/new_template/twitter.png" alt=t></span></a><a href="http://click.alerts.economist.com/?qs=68bd9bb96795c96421e88c95f1d28f75b2aae935c5a8dd4dc0f119864cc0f14fdcadc83ac76cbd03"><span style='text-decoration:none'><img border=0 width=20 height=25 id="_x0000_i1027" src="http://media.economist.com/images/content/emails/new_template/facebook.png" alt=f></span></a><a href="http://click.alerts.economist.com/?qs=f4a9f887b75b73cd369bd86ec4f218186f8af19d4ce9faed7d1953c6740c3af60320f5f36d016c0b"><span style='text-decoration:none'><img border=0 width=20 height=25 id="_x0000_i1028" src="http://media.economist.com/images/content/emails/new_template/linkedin.png" alt=in></span></a><a href="http://click.alerts.economist.com/?qs=d376047150b194826e14b833c0d5db7babe6769c41c416b733c40e1e8d3253c9d04a996fe02bf8a0"><span style='text-decoration:none'><img border=0 width=20 height=25 id="_x0000_i1029" src="http://media.economist.com/images/content/emails/new_template/rss.png" alt=rss></span></a><o:p></o:p></p></td><td width=5 style='width:3.0pt;padding:0in 0in 0in 0in;height:17.4pt'><p class=MsoNormal>&nbsp;<o:p></o:p></p></td></tr></table></td></tr><tr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</v:shapetype><v:shape id="_x0000_s1026" type="#_x0000_t75" alt="Africa" style='position:absolute;margin-left:8.8pt;margin-top:0;width:60pt;height:60pt;z-index:251658240;mso-wrap-distance-left:0;mso-wrap-distance-top:0;mso-wrap-distance-right:0;mso-wrap-distance-bottom:0;mso-position-horizontal:right;mso-position-horizontal-relative:text;mso-position-vertical-relative:line' o:allowoverlap="f">
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</v:shape><![endif]--><![if !vml]><img width=100 height=100 src="http://media.economist.com/sites/default/files/imagecache/original-size/Cityscape_0.jpg" align=right alt=Africa v:shapes="_x0000_s1026"><![endif]><em><b><span style='font-size:10.5pt;font-family:"Verdana","sans-serif";color:#09526D'>The Economist</span></b></em><b><span style='font-size:10.5pt;font-family:"Verdana","sans-serif";color:#09526D'> in Africa</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><br></span><span style='font-size:9.0pt;font-family:"Verdana","sans-serif"'><br>In the past few editors searching for a break from economic gloom would have turned to Africa. But the continent at last has a real chance to follow in the footsteps of Asia. In our cover leader in most of our editions we argue that Africa's growth this time seems to go deeper than just commodities. Service and manufacturing are beginning to emerge, and there is a demographic dividend to be had, similar to Asia's.</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><o:p></o:p></span></p></td></tr></table></td></tr></table></td></tr></table></td></tr><tr><td style='border:inset #09526D 1.0pt;border-top:none;padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=726 style='width:6.05in;background:white;border-collapse:collapse'><tr><td style='padding:6.0pt 6.0pt 6.0pt 6.0pt'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=706 style='width:423.6pt'><tr><td style='padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=706 style='width:423.6pt'><tr><td style='border-top:solid #ED1C24 1.0pt;border-left:none;border-bottom:solid #ED1C24 1.0pt;border-right:none;padding:0in 0in 0in 0in'><p class=MsoNormal><b><span style='font-family:"Verdana","sans-serif";color:red'>READ</span></b> <i><span style='font-size:10.5pt;font-family:"Verdana","sans-serif"'>Relevant articles, research and special reports</span></i> <o:p></o:p></p></td></tr><tr><td style='padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%'><tr><td style='padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%'><tr><td style='padding:0in 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:red'>&raquo;</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp; <a href="http://click.alerts.economist.com/?qs=f5c0620fff8c7cc53cab06960e8d9891578bf5e43d221c418d6e43c826abb80d1a7a066c5b09ac13"><strong><span style='font-family:"Verdana","sans-serif";color:#09526D;text-decoration:none'>A more hopeful continent: The lion kings?</span></strong></a> <br></span><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:red'>&raquo;</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp; <a href="http://click.alerts.economist.com/?qs=2f2dcde01618ed81cb3942d36e47d57b2326ccb49d7bb1838540fbffdc142c80ee96e719c5c2d793"><strong><span style='font-family:"Verdana","sans-serif";color:#09526D;text-decoration:none'>Foreign aid: Anti-malaria bed nets v F-35s</span></strong></a> <br></span><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:red'>&raquo;</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp; <a href="http://click.alerts.economist.com/?qs=cf20245288f79f86d90a96a993c4c36182f49ddc6ada1814a640ea463f7aaa5cba56a177f2cc148b"><strong><span style='font-family:"Verdana","sans-serif";color:#09526D;text-decoration:none'>The Chinese in Africa: Trying to pull together</span></strong></a> <br></span><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:red'>&raquo;</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp; <a href="http://click.alerts.economist.com/?qs=15fa91a03ee008666c98614802d07a552ce19c7e9f65fce304ac63ef8986c6d91c25bfbd53ef3cb8"><strong><span style='font-family:"Verdana","sans-serif";color:#09526D;text-decoration:none'>Mobile services in poor countries: Not just talk</span></strong></a> <br></span><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:red'>&raquo;</span></b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>&nbsp; <a href="http://click.alerts.economist.com/?qs=3bc634bea7c3bc9cb9c868e4954bfe3114bc4cc5bbdcf1a214a7d2183a33252d70b665a17bc0b363"><strong><span style='font-family:"Verdana","sans-serif";color:#09526D;text-decoration:none'>Thirty years of a disease: The end of AIDS?</span></strong></a><o:p></o:p></span></p></td></tr></table></td></tr></table></td></tr></table></td></tr><tr><td style='padding:7.5pt 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=706 style='width:423.6pt'><tr><td style='border-top:solid #ED1C24 1.0pt;border-left:none;border-bottom:solid #ED1C24 1.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</v:shape><![endif]--><![if !vml]><a href="http://click.alerts.economist.com/?qs=6044ad8207cae3e5eb05466ebb3346aa2683b5f6773ee6d31f3c3b5d5a3b3235d0479e8116086c29"><img border=0 width=120 height=80 src="http://media.economist.com/sites/default/files/imagecache/original-size/angola.jpg" align=left alt="Economist video" v:shapes="_x0000_s1027"></a><![endif]><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a href="http://click.alerts.economist.com/?qs=6044ad8207cae3e5eb05466ebb3346aa2683b5f6773ee6d31f3c3b5d5a3b3235d0479e8116086c29"></a><a href="http://click.alerts.economist.com/?qs=6044ad8207cae3e5eb05466ebb3346aa2683b5f6773ee6d31f3c3b5d5a3b3235d0479e8116086c29"><b><span style='font-family:"Verdana","sans-serif";color:#333333'>Poverty and wealth in Angola</span></b></a></span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><br></span><span style='font-size:9.0pt;font-family:"Verdana","sans-serif"'>Hoarding the spoils of oil&#8212;in Luanda, Angola's capital, fewer than one in ten people have running water but hotels can still cost $400 a night</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'> <a href="http://click.alerts.economist.com/?qs=6044ad8207cae3e5eb05466ebb3346aa2683b5f6773ee6d31f3c3b5d5a3b3235d0479e8116086c29"><b><span style='font-size:9.0pt;font-family:"Verdana","sans-serif";color:#09526D;text-decoration:none'>watch &raquo;</span></b></a> <o:p></o:p></span></p></td></tr></table></td></tr></table></td><td width=6 style='width:.05in;padding:0in 0in 0in 0in'><p class=MsoNormal align=center style='text-align:center'><img border=0 width=1 height=104 id="_x0000_i1031" src="http://media.economist.com/images/content/emails/economics/jun2010/spacer.jpg"><o:p></o:p></p></td><td width=350 valign=top style='width:210.0pt;padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%'><tr><td style='padding:0in 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%" style='width:100.0%'><tr><td style='padding:0in 0in 0in 0in'><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a href="http://click.alerts.economist.com/?qs=dbd7a71539ee47537440216451c08332e6bd243cceebf40dab8b059a13242151c411f48741cef83a"></a></span><!--[if gte vml 1]><v:shape id="_x0000_s1028" type="#_x0000_t75" alt="Economist audio" href="http://click.alerts.economist.com/?qs=dbd7a71539ee47537440216451c08332e6bd243cceebf40dab8b059a13242151c411f48741cef83a" style='position:absolute;margin-left:0;margin-top:0;width:1in;height:48pt;z-index:251660288;mso-wrap-distance-left:0;mso-wrap-distance-top:0;mso-wrap-distance-right:0;mso-wrap-distance-bottom:0;mso-position-horizontal:left;mso-position-horizontal-relative:text;mso-position-vertical-relative:line' o:allowoverlap="f" o:button="t">
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</v:shape><![endif]--><![if !vml]><a href="http://click.alerts.economist.com/?qs=dbd7a71539ee47537440216451c08332e6bd243cceebf40dab8b059a13242151c411f48741cef83a"><img border=0 width=120 height=80 src="http://media.economist.com/sites/default/files/imagecache/original-size/johann.jpg" align=left alt="Economist audio" v:shapes="_x0000_s1028"></a><![endif]><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><a href="http://click.alerts.economist.com/?qs=dbd7a71539ee47537440216451c08332e6bd243cceebf40dab8b059a13242151c411f48741cef83a"></a><a href="http://click.alerts.economist.com/?qs=dbd7a71539ee47537440216451c08332e6bd243cceebf40dab8b059a13242151c411f48741cef83a"><b><span style='font-family:"Verdana","sans-serif";color:#333333'>Doing business in Johannesburg</span></b></a></span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'><br></span><span style='font-size:9.0pt;font-family:"Verdana","sans-serif"'>Johannesburg's recent history can still influence its business culture. But beyond that lies a vibrant, verdant city<a href="http://click.alerts.economist.com/?qs=dbd7a71539ee47537440216451c08332e6bd243cceebf40dab8b059a13242151c411f48741cef83a"><b><span style='color:#09526D;text-decoration:none'> listen &raquo;</span></b></a></span><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'> <o:p></o:p></span></p></td></tr></table></td></tr></table></td></tr></table></td></tr></table></td></tr><tr><td style='padding:7.5pt 0in 0in 0in'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=706 style='width:423.6pt'><tr><td style='border-top:solid #ED1C24 1.0pt;border-left:none;border-bottom:solid #ED1C24 1.0pt;border-right:none;padding:0in 0in 0in 0in'><p class=MsoNormal><b><span style='font-family:"Verdana","sans-serif";color:red'>DISCUSS</span></b> <i><span style='font-size:10.5pt;font-family:"Verdana","sans-serif"'>Join the conversations with your fellow readers</span></i> <o:p></o:p></p></td></tr><tr><td style='background:#E6EAED;padding:3.75pt 3.75pt 3.75pt 3.75pt'><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0><tr><td style='padding:0in 0in 0in 0in'><p class=MsoNormal><!--[if gte vml 1]><v:shape id="_x0000_s1029" type="#_x0000_t75" alt="Join the conversations with your fellow readers" style='position:absolute;margin-left:0;margin-top:0;width:1in;height:54pt;z-index:251661312;mso-wrap-distance-left:0;mso-wrap-distance-top:0;mso-wrap-distance-right:0;mso-wrap-distance-bottom:0;mso-position-horizontal:left;mso-position-horizontal-relative:text;mso-position-vertical-relative:line' o:allowoverlap="f">
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