by Raheem Akingbolu
With the current position of things in some African countries, the continent will, in the nearest future out pace the growth enjoyed by Asiaand many continents of the world, Chief Executive Officer of Renaissance Capital, Mr. Stephen Jennings has said. Jennings said in Lagos at the 2nd Annual Pan-Africa Investor Conference of the Renaissance Capital that the continent could boast of all the necessary factors needed for rapid economic growth in the next decade. According to him; "I think it is probable that in the coming decades, large parts of Africa will outpace the growth enjoyed by Asia. In the 1950s and 60s, it was Asia that was considered the over-populated, politically incompetent, war-driven basket case. It's hard to imagine now, but in 1970, per capital GDP in China was less than that of Africa...[continued]
