Thursday, April 15, 2010

Assessing the Overall Progress in Africa

From the past decades, the outcome of Africa's overall leadership and organizational development was notable. This is why more and more investment are coming to Africa. During the global financial crisis, the continent stood out. Their progress is seen as the continent's new trademark, not poverty, not HIV. Once a neglected continent, Africa is now the newest attraction for businesses. This overall progress in Africa is felt throughout the region and witnessed across the globe.


The overall development of the whole continent of Africa is seen on different areas that were badly assessed before. They used to be determinants of the region's poverty, but now, they are indicators of Africa's improvement. Even though there are still countries who are stagnant on their economic and political conditions, generally, the continent has experienced considerable progress in recent years.


Statistics show that the percentage of people in Africa living under $2 per day was has been reduced. Although it only declined by a smaller percentage, it is already achievement going back to what they are in a number of decades. Africa has made an comeback in their economy after the economic breakdown in 80's and 90's. Poverty reduction and economic growth started since then. They started a war against their negative image by changing their perceptions in development. Between 1999 and 2005, number of Africans living in poverty dropped by 7% from 58% to 51%. this progress is faster than what happened to the some countries in Asia. Majority of the African countries averaged more than 5% annual GDP growth for the past years. These countries have published fiscal balances into surplus, bolstered reserves, and kept inflation rates in the single digits.


This success is associated with the strong local leadership and supportive international partnership. Also, contributor to this success is the improvement on business policies and opening up of the entire (almost) region to foreign trades. There are now more access to health, education and clean water in Africa. There is also a potential improvement on the infrastructure, telecommunications and agriculture.


The Sub-Saharan Africa is doing progressive actions slowly but surely, one step at a time. Because of these actions ,growth rained throughout the continent. Different sectors automatically went with the flow. Here are some stats about the growth on of Africa's little problems that can become important factors in the continent's more intense battle for development.


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Africa’s under-5 child mortality rates declined from 229 per 1,000 births in 1970 to 146 in 2007.
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Measles deaths dropped by 90% in just six years, from roughly 396,000 per year in 2000 to 36,000 per year in 2006.
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AIDS treatment has expanded from reaching roughly 10,000 people in 2001 to more than 2 million in 2008.
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Primary school net enrollments jumped from 53% to 70% between 1991 and 2006.
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Adult literacy increased from approximately 27% in 1970 to 62% in 2007.


These are just introductory facts and stats about Africa's overall development. There's still a lot more to come.



Author Recommends Future Africa for business service providers

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