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Vol 51 No 16

Published 6th August 2010


Roaring to go

As demand soars for Africa's oil, gas and minerals, its governments must find ways to strengthen their bargaining power

Optimism about Africa's economies is in fashion, as commodity prices stay high thanks to demand from Asia and Western investors seek outlets for capital that they find no profitable use for at home. Banks, consultants and fund managers have been selling Africa hard in 2010, sighing with relief at the continent's comparatively successful reaction to the global recession and predicting big things for the next few years as 'African capitalism flexes its muscles', to cite Boston Consulting Group's (BCG) June report on African companies that have the potential to go global.

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