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I really believe that African will continue to thrive in this season. The present global uncertainties will pass and the economic realities of our time, the quest for rapid development of China and India, will once again require the resources of Africa.
I am an optimist.
The near future will certainly be tough - but there’s a silver lining for non-commodity exporters, whose economies will be less volatile than those who’ve had a good year or two. My hope seeing the recent rise in private investment in one or two other sectors, more small businesses, and examples like m-transactions (MPesa, MTN…) is that there are enough flickers of activity going on so far below the level of the global economy that they can still catch hold in some countries. Possibly insanely optimistic….