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Africa Shining by Anjan Sundaram

In Africa, Asia, ecology, economics, ethics, politics on May 11, 2013 at 19:35

From: Africa Shining: Can India compete with China in an emerging Africa? by Anjan Sundaram, The Caravan, http://www.caravanmagazine.in

… Fifteen years ago, Africa, and particularly its troubled centre, was seen almost exclusively as an exotic high-risk investment destination for the brave and adventurous, for those with privileged connections to Africa’s dictatorships and large pools of capital to risk. Most investors had all but forsaken central Africa after Rwanda’s 1994 genocide killed more than 800,000 people in three months.

But the economic interest in Africa has lately become intense. It is now routinely described as the continent of the future: by some measures it is soon to be the world’s fastest growing region, with a large and rapidly expanding consumer base—its middle class is now estimated to be larger than India’s—and an abundance of rich mineral deposits.

Read the article

Reposted with permission from: The Caravan

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