By Masimba Biriwasha | Global Editor At Large | @ChiefKMasimba | January 29, 2014
In recent years, there have been numerous reports of an African economic resurgence. According to the International Monetary Fund (IMF), Sub-Saharan Africa’s economic growth is expected to increase to six percent in 2014, from five percent in 2013, supported by investment in infrastructure and production capacity. But with an estimated 413 million Sub-Saharan Africans living on less than $1.25 a day, grinding poverty remains a grim, daily fact.
This contradiction of economic development begs the question: Is the enthusiasm around Africa’s growing economy much ado about nothing? Continue reading