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<h1 class="rubric">Africa is now one of the world’s fastest-growing regions
</h1>
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Jan 6th 2011 | from the print edition </p>
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<p>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 <em>The Economist</em> 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). </p>
<p> 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).</p>
<p>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. </p>
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<li class="2"><span class="current-article "><span class="related-current-indicator">»</span>The lion kings?</span></li><li class="3"><a href="http://www.economist.com/node/17853314">Moynihan's millstones</a></li><li class="4">
<a href="http://www.economist.com/node/17853304">Betting big on bonds</a></li><li class="5"><a href="http://www.economist.com/node/17857429">Saint under siege</a></li><li class="6"><a href="http://www.economist.com/node/17857419">Another breach in the wall</a></li>
<li class="7 last"><a href="http://www.economist.com/node/17849319">Dismal ethics</a></li></ul><div class="bottom-links"><a href="http://www.economist.com/rights">Reprints</a></div><hr class="related-item-separator"><strong>Related topics</strong><div class="item-list">
<ul class="related-item-list"><li class="first"><a href="http://www.economist.com/topics/african-economy" class="related-inline-topics">African economy</a></li><li class="even"><a href="http://www.economist.com/topics/business" class="related-inline-topics">Business</a></li>
<li><a href="http://www.economist.com/topics/chinese-economy" class="related-inline-topics">Chinese economy</a></li><li class="even"><a href="http://www.economist.com/topics/economies" class="related-inline-topics">Economies</a></li>
<li class="last"><a href="http://www.economist.com/topics/africa" class="related-inline-topics">Africa</a></li></ul></div> </div>
<p>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. </p>
<p>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. </p>
<p>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.</p>
<p>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. </p>
<p>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. </p>
<p>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. </p>
<p>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.</p>
<p>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. </p>
</div><br><br><div class="gmail_quote">2012/7/3 CAPDA CAPDA <span dir="ltr"><<a href="mailto:capdasiege@gmail.com" target="_blank">capdasiege@gmail.com</a>></span><br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Bonjour à tous,<div><br></div><div>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.</div>
<div><br></div><div>Bonne journée et courage à tous.<div><div class="h5"><br><br><div class="gmail_quote">2012/7/3 Esam Abulkhirat <span dir="ltr"><<a href="mailto:aldhina@yahoo.com" target="_blank">aldhina@yahoo.com</a>></span><br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div><div style="font-size:12pt;font-family:times new roman,new york,times,serif"><div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><span>Dear 4+ and Af-Community,</span></div>
<div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><span><br></span></div><div><span><font size="3">I would like first to thank you for sharing your </font>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.</span></div>
<div><span><font size="3"><br></font></span></div><div><span><font size="3">Best </font></span></div><div style="font-family:'times new roman','new york',times,serif;font-size:12pt"> </div><div style="font-family:'times new roman','new york',times,serif;font-size:12pt">
<b><font color="#00007f" face="times new roman">----------------------------------------------------------------------------------</font></b></div><div style="font-family:'times new roman','new york',times,serif;font-size:12pt">
<b><font color="#00007f" face="times new roman">Mr. Esam M. Abulkhirat (MSc)</font></b></div><div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><font face="times new roman" size="1">ICT Expert</font></div>
<div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><font face="times new roman" size="1">Tripoli-LIBYA</font></div><div style="font-style:normal;font-size:12pt;background-color:transparent;font-family:'times new roman'">
<span style="font-size:10px">Mobile: <a href="tel:%2B218%2092%207244938" value="+218927244938" target="_blank">+218 92 7244938</a></span><br></div><div style="font-family:'times new roman','new york',times,serif;font-size:12pt">
<font face="times new roman" size="1"><span style="line-height:12px">Skype: esam_abulkhirat</span></font></div><div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><font face="garamond, new york, times, serif" size="1">------------------------------------------------------------------------------------------------------------------------------------------</font></div>
<div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><font color="#40007f" face="garamond, new york, times, serif">"All Things Are Difficult Before They Are Easy"</font></div>
<div style="font-family:'times new roman','new york',times,serif;font-size:12pt"><br><blockquote style="border-left:2px solid rgb(16,16,255);margin-left:5px;margin-top:5px;padding-left:5px"> <div style="font-family:'times new roman','new york',times,serif;font-size:12pt">
<div style="font-family:'times new roman','new york',times,serif;font-size:12pt">
<div dir="ltr"> <font face="Arial"> <hr size="1"> <b><span style="font-weight:bold">From:</span></b> Dandjinou Pierre <<a href="mailto:pdandjinou@gmail.com" target="_blank">pdandjinou@gmail.com</a>><br> <b><span style="font-weight:bold">To:</span></b> attoumani karim <<a href="mailto:attoukarim@yahoo.fr" target="_blank">attoukarim@yahoo.fr</a>>; AfrICANN-44 Participant List <<a href="mailto:africann-44@afrinic.net" target="_blank">africann-44@afrinic.net</a>>; Mouhamet Diop <<a href="mailto:mouhamet@next.sn" target="_blank">mouhamet@next.sn</a>> <br>
<b><span style="font-weight:bold">Cc:</span></b> Justin RUGONDIHENE <<a href="mailto:justin.rugondihene@rura.gov.rw" target="_blank">justin.rugondihene@rura.gov.rw</a>>; pierre dandjinou <<a href="mailto:sagbo53@yahoo.fr" target="_blank">sagbo53@yahoo.fr</a>> <br>
<b><span style="font-weight:bold">Sent:</span></b> Monday, July 2, 2012 7:32 PM<div><br> <b><span style="font-weight:bold">Subject:</span></b> Re: [AfrICANN-44] Africa Strategic plan - Open Up .<br> </div></font> </div>
<br><div><div>
Dear All,<br><br>'The group of 4 +1' (Tarek Kamel, Pierre Dandjinou, Nii Quaynor,<br>Maimouna Diop Diagne and Palesa Legoze) has conducted its first<br>brainstorming in Prague and wishes to share the following timeline for<br>
the drafting of the Africa Strategic Plan of ICANN :<br><br>July :<br>-Conclude ToRs through any further discussion with ICANN and<br>interactions with the African community<br>-email consultation with African community<br>
-Review Icann's strategic Plan (2013 - 2016)<br><br>August :<br>-Retreat at Afrinic meeting with regional liaisons<br>-Development of presentation and roadmap<br>-Community consultations on needs and benefits<br>-Integration of regional IGFs recommendations<br>
-Consultation with Icann for alignment<br><br>September :<br>- Publish a presentation for general feedback<br>- Review presentation<br>- Prepare summary presentation (30mn) for ICANN 45 in Toronto<br><br>October :<br>- Presentation at ICANN
Toronto (To ICANN's CEO, Board, and African community)<br>- Start draft report<br><br>The G4+1 will nominate a chair and a vice chair and work with ICANN to<br>address communication modalities and expected resources (website,<br>
funds, call conference, meetings, etc.)<br><br>The group remains open to your suggestions and recommendations and<br>welcomes the regional Reps being proposed.<br><br>Best regards<br><br>Tarek , Nii, Pierre, Maimouna, Palesa<br>
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<br></blockquote></div><br><br clear="all"><div><br></div></div></div><div class="im">-- <br><div><p style="margin-bottom:0.0001pt"></p><p style="margin-bottom:0.0001pt"></p><p style="margin-bottom:0.0001pt"><font face="'Lucida Calligraphy'" size="3"><b><br>
</b></font></p><p style="margin-bottom:0.0001pt"></p><p style="margin-bottom:0.0001pt"><b><span style="font-size:12.0pt;font-family:"Lucida Calligraphy"">Michel TCHONANG LINZE</span></b></p>
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Régional Afrique Centrale Réseau Panafricain Société Civile (ACSIS)</span></p><p></p><p></p><p></p></div><div><div><b><font color="#000099" face="tahoma,sans-serif" size="4"><u>EVENEMENTS SUR LES TIC</u> ! </font></b></div>
<p style="TEXT-JUSTIFY:inter-ideograph;TEXT-ALIGN:justify;MARGIN:0cm 0cm 0pt"><span style="FONT-FAMILY:Arial;FONT-SIZE:12pt">FGI Afrique (AfIGF) 03 au 04 Octobre 2012 au Caire - Egypte</span></p>
<p style="TEXT-JUSTIFY:inter-ideograph;TEXT-ALIGN:justify;MARGIN:0cm 0cm 0pt"><span style="FONT-FAMILY:Arial;FONT-SIZE:12pt">FGI du 06 au 09 novembre 2012 Baku, Azerbaïdjan</span></p>
<p style="TEXT-JUSTIFY:inter-ideograph;TEXT-ALIGN:justify;MARGIN:0cm 0cm 0pt" dir="ltr"><b><font color="#000066" face="tahoma,sans-serif" size="4">SYMPOSIUM TIC AFRIQUE</font></b> : Du <i><b><font size="4"><font color="#cc33cc">10 <font color="#cc33cc">au 13 Juillet 2012 à Yaoundé</font></font><font color="#cc33cc"> – Cameroun</font></font>.</b></i> <font color="#3366ff"><font><span style="FONT-FAMILY:Arial;COLOR:#0c03bd;FONT-SIZE:12pt"><i>«<b>Les TIC et le Développement Durable</b> : 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 ?»</i></span><span style="font-size:12pt;font-family:Arial">.</span></font><i><br>
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Email : <a href="mailto:capdasiege@gmail.com" target="_blank">capdasiege@gmail.com</a> / <a href="mailto:ticafrique@yahoo.fr" target="_blank">ticafrique@yahoo.fr</a> / <a href="mailto:forumtic2005@yahoo.fr" target="_blank">forumtic2005@yahoo.fr</a> Site : <a href="http://www.capda.net/" target="_blank">www.capda.net</a> ; <a href="http://www.ict-forum.org/" target="_blank">www.ict-forum.org</a> ; <a href="http://www.ict-africa.org/" target="_blank">www.ict-africa.org</a> ; <a href="http://www.tic-afrique.org/" target="_blank">www.tic-afrique.org/</a></p>
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<br></blockquote></div><br><br clear="all"><br>-- <br>Avant d’imprimer cet e-mail, pensez bien s’il est nécessaire de le faire.<br><br>---------------------<br>Mme Ndéye Maimouna DIOP DIAGNE<br>Directrice des TIC<br>Ministère en charge des Technologies de l'Information et de la Communication<br>
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