seems the economist is changing tune about africa

However, although returns can be high, so are the risks. Africa’s growth trajectory in 2012 can be
mapped by a breakdown into regions: the North, South, East and West. Growth is forecast to hit over
8-9% in some countries in the regions. In West Africa, for example, Nigeria, Angola and the oil-based
economies will dominate the region. Ghana also joined the oil club in 2011, with its first commercial
output.
East Africa is forecast to be the fastest-growing region. Although Kenya has no natural resources,
it is the key financial and business hub, and the Kenyan economy is expected to grow by 5-6% on the
back of ongoing development and reforms. Across the border, Uganda’s discovery of oil will boost
development and growth, and the country will join the oil club in a few years’ time.
Key mineral producers will also perform well (Tanzania), as will strong agricultural economies
(Ethiopia). Africa will become an increasingly important food supplier to global markets. Countries
without major resources but with a strong reform record, such as Rwanda, will also join the ranks of
high growth achievers.

eiu.com/africachina