The forthcoming 15th anniversary FOCAC meeting to be held in South Africa in 2015 marks a new era of dynamic developments across Africa. The continent seems to be seeing the twilight of a classic "resource curse" as evident from robust growth despite plummeting commodity prices, according to The Economist. Download African economic growth_ The twilight of the resource curse_ _ The Economist
The anniversary coincides with transformative dynamics in China's own development towards more balanced, equitable and sustainable growth. It also tallies with the Middle Kingdom's re-calibration of its role in the global commons in a potential New Asia-Pacific Century underpinned by China's New Silk Road strategy connecting even more closely to the rest of the world, including Europe, Central Asia and Africa.
A review of China's engagement with Africa to date is contained in my presentation at an international conference in Ghana in 2011 on A New Era of China-Africa Trade, Investment, and Business Partnership: Lessons and Opportunities, which was based on an earlier special research paper New China-Africa Financial, Investment and Business Partnership. Click here
In anticiaption of the seminal FOCAC meeting, the Top Priorities for the Continent in 2015 are highlighted in an Brookings Institution Africa Growth Initiative report dated January, 2015. The report contains a series of articles addressing, inter alia, the three prongs of Africa's Post-2015 Development Agenda—job creation, infrastructure and governance, and peace and security; the importance of policies for "public, private and blended financing" to promote inclusive and sustainable growth; and the evolving China-Africa relationship including the possibility of China’s shifting priorities.
The lastest article in The Economist (24 January, 2015) shows how private equity is fast spreading in this continent of new opportunities.