Lost decade: Why Raila’s loss of AU chairmanship and death means Africa’s failure to recover from punitive IMF and World Bank economic policies
Africa’s heads of states have been emboldened in their transformative campaign by some astonishing turn of economic and political events. In 2023, the IMF forecast that in 2024, the world’s seven fastest growing economies, and 12 of the top 15, would be African. This is a result of many factors, but primarily because the continent’s vast natural and mineral resources have emerged as an indispensable engine of growth for the increasingly hi-tech orientation of industrialised economies.