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Vol 50 No 8

Published 17th April 2009

And the good news

Amid the gloom lie some positives. African economies now have on average 5.7 months of reserves to cover imports, policy frameworks are sounder, government ministries are better staffed. The informal economy has a resilience that cannot be measured. International investors, especially those worried about Western governments printing money, are looking closely at African commodities. Commodities boomed during the global economic crisis of the 1970s.

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