| The World Economic Forum on Africa 2011 opened with a call for Africa to rethink its global role. “You can no longer talk about the old Africa,” declared South African President Jacob G. Zuma during the opening plenary session. “We need to develop very urgently partnerships that are different from the past, relationships that benefit Africa more.”
“Africa could be on the brink of an economic takeoff, much like China was 30 years ago, and India 20 years ago.” The World Bank report | | | Between 2000 and 2010, six of the world’s ten fastest growing economies where in Sub-Saharan Africa. The only BRIC (Brazil, Russia, India and China) country to make the top ten was China which came in second behind Angola. Nigeria, Ethiopia, Chad, Mozambique and Rwanda made up the rest of the African countries within the top ten and all had annual growth rates averaging 8% or more. This has been due to an increase in political stability and reform in economic policy. | | | The International Monetary Fund (IMF) has proclaimed that Africa will own seven out of the top ten places for fastest growing economies between now and 2015. The World Bank raised its forecast for economic growth in Sub-Saharan Africa to 6% on average for 2012 - the highest forecast rate of growth outside Asia. Africans, on a per capita basis, rate better than Indians and a full dozen African states have higher gross national income per capita than China.
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