Small Enough to Succeed

IMG_9382May 28, one of these candidates will succeed Donald Kaberuka as African Development Bank president.  Kaberuka’s ten-year run got the African Development Bank (AfDB) up to $3.16 billion in loans and grants per annum to infrastructure projects on the Continent, pretty modest compared to the World Bank’s $15 billion. China puts in about the same $15 billion per annum in investments, which some would consider “real money.”

With Africa’s visible problems, it nevertheless churns on at six per cent growth as a whole, positioning it to move up the world scale in the near future as China’s growth slows. Continue reading Small Enough to Succeed