|[Published: Tuesday July 13 2010]
African leaders urged to capitalise on ‘scramble for Africa’
The recent Africa Progress Report has urged African leaders to take advantage of Africa’s emergence as a “new economic frontier”. The Africa Progress Panel, chaired by former UN Secretary General Kofi Annan, noted that economic engagement with the Global South - China, the Far and Middle East, South Asia and Latin America - “is already having a substantial development impact on Africa”.
However, the report pointed out “Africans beyond elite circles are not benefiting sufficiently” while at the same time “there is great scope to improve Africa’s partnerships with the Global South”. The report also notes that “African leaders... need to realise that the benefits of increasing economic ties are not automatic, but only accrue to those that take adequate and pro-active steps to exploit them through targeted policies”.