Robert Kappel

Is Africa Rising? Why Excessive Optimism is Misplaced

KfW Views on Development, 8, 2013, 2, 1-3

The financial press, international financial institutions, the OECD, African Development Bank and many experts on Africa have fallen for the hype: apparently the whole of the African continent is currently experiencing economic growth, giving grounds for great optimism. The paper is not disputing the fact that most countries have positive growth rates, that the business climate has improved in most countries, and that the continent is back on investors' radar. Africa finally seems to be turning the corner after many long and difficult years. All the same, let us avoid excessive optimism.

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