Africa Capacity Indicators 2012

Africa has become a continent moving at multiple speeds! In the last two decades or so, African countries have registered average annual economic growth of between 5-8% despite low foreign investments and the global economic crisis. Such evidence of good returns even on minimal investment indicates that Africa has great promise. In 2012 Africa ishometo the seven fastest growing economies in the world. At the same time, Africa is still dependent on external aid, including food aid.In the last 50 years about one trillion US dollars in development aid has been transferred to Africa. But real per capita income today is less than it was in the 1970s and more than half the population – about500 million people – still live in poverty. At this rate, most African countries may not meet many of theMillenniumDevelopmentGoals(MDGs).
http://allafrica.com/download/resource/main/main/idatcs/00040695:c2af8c71c03a4f9ea173137e4e55f159.pdf