Standard Bank chairman Derek Cooper opened the Africa Forum 2009 conference with an upbeat address by stating that never was it more true than in the case of this crisis that you should never waste a good crisis, because it presents the greatest opportunity.
Supporting his argument, he said the BRIC (Brazil, Russia, India and China) countries had proven highly resilient in this crisis, having mostly not gone into recession but simply experienced slowed growth, and in the midst of the crisis their trade flows with Africa had for the first time exceeded those of developed countries.
“Africa therefore finds itself centre stage alongside the BRIC countries during this fragile recovery time,” said Cooper.
What do you think of Africa’s prospects of leading the global recovery, alongside the BRIC countries? Post your comments below.