Towards a new African leadership

As the publication has been gracious enough to admit, it was wrong.  Many things have been extremely hopeful in Africa over the last decade. Growth has outpaced the rest of the world.  World beating businesses have emerged and, given Africa's rich natural resources, financiers are finally starting to wake up to the investment potential of the continent.

The geniuses in investment banks who used arrogantly to deride the risks of investment in Africa while pouring billions into phoney derivatives based on the American housing bubble have been proven to be as spectacularly wrong on Africa as they were on everything else.