Economic analysis

A few figures:

Since the 1990s, the term EMERGENCE has become a magic word in Africa, as if the mere fact of including it in development and investment programmes were enough to transform developing countries into modern, prosperous developed countries where poverty would have disappeared.

After the high double-digit growth rates from 2000 onwards, Africa failed to anticipate and transform its raw materials into high value-added finished products. It is suffering severely from the fall in international market prices, especially for the less diversified economies. Overall, African growth hovers around 5% per year (between 10% for the best economies and a negative figure for some).