International Conference on the Emergence of Africa
Africa’s "rise" and emergence have been capturing headlines and the attention of international policy analysts since at least the beginning of the decade. Sub-Saharan Africa remains the second fastest growing region in the world after Emerging and Developing Asia -- growing at an average of 5.1% in 2013 -- and the forecasts say it will remain so until the end of the decade. FDI flows into Sub-
Saharan Africa have more than trebled, from USD 12.3 billion in 2004 to USD 44.8 billion in 2013.
Beyond its track-record and immediate prospects for continued fast economic growth, the notion of Africa’s rise and emergence is premised on a core number of fundamentals that are expected to sustain growth and development in the region over the next few decades: its rapidly rising middle class; favorable population dynamics and prospects; a rich natural resource base, in terms of its vast mineral wealth; its embrace of information technologies; global growth and development trends and their prospects for trade and investment in Africa.