The newly released African Economic Outlook 2019 report by the Africa Development Bank (ADB) reflects the outpouring of optimism aptly captured by the “Africa Rising” narrative. However, a growing debt burden, illicit financial flows and conflict remain stumbling blocks to the 21st century becoming “the African Century”. Africa’s sustained growth level is set to not only continue but rise over the next four decades. The optimism of a continent rising is no longer confined to the African Development Bank’s African Economic Outlook report. Africa’s economic relations with China revolve around the triennial Forum on China-Africa Cooperation (FOCAC), formed in 2000.
Source: Daily Nation February 23, 2019 18:56 UTC