Publié le 11/10/2012

Shantayana DEVARAJAN, Wolfgang FENGLER

Hardly a week goes by without an African investors’ conference or growth summit. 

Portuguese people are looking for jobs in Angola. Silicon Valley companies are arriving in Kenya to learn about Africa’s ICT revolution. The reason behind these tendencies is that Africa’s growth, since the turn of the century, has been robust, broad-based and is making important contributions to poverty reduction. If the current trend continues, most African countries will have reached middle-income status by 2020 and, by 2025, only about 13 countries will remain traditional aid recipients, most of them fragile states.