The vibrant economies of Asia are attracting massive capital inflows, particularly foreign direct investment (FDI), even as portfolio investment flows into the region's buoyant securities markets.
Editor's note: Africa is ready for business and Asia's experiences and lessons learnt are paving the way for the continent. Chief Economist of the African Development Bank (AfDB) Louis Kasekende shares his views in a recent interview.
Africa is increasingly turning not just to the West, but eastward to China as well, in order to finance its economic development and find a role model for combating poverty.
China will sign debt relief agreements with 33 African countries by the end of 2007 to honor the pledges it made at the Beijing Summit of the China-Africa Cooperation Forum, the Ministry of Commerce (MOFCOM) said in late January.
Entrepreneurs in the private sector constitute an important motive force for development and economic growth.
La population africaine est estime quelque950millions d'habitants. Avec une superficie de 30206704km, la densit est de 30,21 habitants/km. Le continent est bord par les ocans Atlantique et Indien, la mer Rouge et la mer Mditerrane.
Regions and sub-regions in both Africa and Asia face trans-boundary challenges where countries have to work together to find satisfactory solutions.
China proposed an eight-point package to support African development at the Beijing Summit of the China-Africa Cooperation Forum last year.
SHANGHAI: The African Development Bank Group (AfDB) achieved excellent operational and financial results in 2006 as overall approval of loans and grants by the group increased to $3.9 billion from $3.3 billion in 2005, the AfDB said yesterday.
SHANGHAI: Increased collaboration between Africa and China continues to play a role in Africa's growth, economists said yesterday.
Le Groupe de la BAD a publie dimanche Shanghai les Perspec-tives conomiques en Afrique (PEA). Prpar conjointement avec l'Organisation de coopration et de dveloppement conomique (OCDE), le rapport offre une vision de l'tat conomique du continent et des dfis auxquels il est confront.
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