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Article: Opinion: Inside view - Africa's economic evolution draws in new investment.
- Article from:
- Pensions Week
- Article date:
- September 12, 2005
CopyrightCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Africa has traditionally appealed to the western world's purse through its heart instead of its head. Pop stars and politicians rather than investors have been its most energetic fundraisers. Western aid organisations and governments rather than companies have spent years pondering ways to make Africa work.
Yet, while many developed countries and investors still perceive Africa as a financial pariah, the continent is engineering its own revival from within, and developing widespread changes intended to engage the west's business brain. The African Union and its development arm, the New Partnership for Africa's Development (Nepad) have been formed to uphold human ...