Is Africa surviving the global economic crisis?

by Daniel Finnan

Article published on the 2009-10-07 Latest update 2009-10-12 17:11 TU

Louis Kasekende Chief Economist at the African Development Bank speaking to the International Economic Forum on Africa
(Photo: Daniel Finnan)

At a time when the world is reeling from the effects of the economic downturn, it seems as if Africa is escaping the worst of the crisis. Vibrant, under-penetrated sectors of African economies are helping countries to escape serious meltdown, despite falling demand for commodities.

Javier Santiso OECD Chief Development Economist speaking to RFI
(Photo: Daniel Finnan)

RFI talked to delegates at the International Economic Forum on Africa which brought together some of the movers and shakers in business and finance, including Javier Santiso head of the Organisation for Economic Cooperation and Development, Acha Leke a partner with McKinsey & Company and Chris Derksen from Investec Asset Management.