africa shapes up

Africa is in its best economic shape in decades thanks to better management and a booming demand for commodities, African Development Bank president said. Donald Kaberuka said that the region's economies last year grew at an average of 5,5percent because of improved peace and stability, better terms of trade, more responsible economic governance and a better business climate. Huge demand for Africa's oil, gas, minerals and timber have sent prices skyrocketing, causing a windfall for states with abundant resources. - AP

Africa is in its best economic shape in decades thanks to better management and a booming demand for commodities, African Development Bank president said. Donald Kaberuka said that the region's economies last year grew at an average of 5,5percent because of improved peace and stability, better terms of trade, more responsible economic governance and a better business climate. Huge demand for Africa's oil, gas, minerals and timber have sent prices skyrocketing, causing a windfall for states with abundant resources. - AP

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