Because of its extraordinarily young population, Africa will benefit from favourable demographics, but perhaps less than most Africans assume.
Manufacturing in Africa is six times more productive than agriculture. The growth in services on the continent has contributed to no or slow growth in overall per capita income.
The Asian Tigers, as well as China, Ethiopia and Rwanda, support the view that autocracies grow more rapidly than democracies – but often lack the leadership renewal that regular free and and fair elections bring about
By 2030, 32% of Africans – forecast at 548 million – are likely to live in extreme poverty. Africa is quite unequal, so growth does not translate into poverty reduction.
In August frustrated voters in South Africa punished the ruling party in municipal elections. Around the same time, the presidents of Zambia and Gabon were re-elected in essentially rigged polls