African Development

Boasting some of the world’s fastest growing economies, youthful demographics and an abundance of commodities, foreign investors are vying to enter Africa. Notwithstanding widespread poverty, dubious elections and social problems, the continent in general is doing better than many people imagine

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Despite massive problems, vast continent is faring better than many people imagine

Middle Eastern states among those vying for investments and influence in under-developed markets

Emphasis moves to business as critics say foreign handouts have failed as development tool

Youthful population fuels demand for privately funded classroom programmes

Governments, multilateral groups and smaller companies are co-operating to electrify region

Supporters say continent-wide pact will spur economic growth across region

China’s overwhelming presence in the continent prompts Tokyo to encourage corporate engagement

Despite improvements, climate for deals is not for the impatient or faint hearted