Africa Leaders Optimistic about Future of Continent
African leaders thank the African Capacity Building Foundation for promoting growth and stability
February 13, 2012
Delegates to the summit came from various African countries and from World Bank, African Development Bank and the United Nations Development Program.
Addressing the participants, Zimbabwean President Robert Mugabe said the continent has been portrayed by the Western powers as a ‘lost continent’ due to ethnic conflicts and poverty.
"In the 1980s," he said, "Sub Saharan Africa faced gloomy macro-economic and development prospects, stagnant economies and endemic poverty, therefore fueling talk in some quarters as the lost decade while the continent was portrayed as a hopeless one. This was in spite of Africa’s vast wealth of natural resources most of which is suffering from the deterioration of unfair trade practices that came with settler colonialism and appetite for its endowment."
But with the rise of China and other emerging economies in Asia, Mugabe says Africa’s growth is now on an upward curve. He praised the African Capacity Building Foundation for working to improve Africa’s human and institutional capacity..
"This trend only bottomed up when China took off as an emerging economy, and now as a rising superpower," he said. "The African Capacity Building Foundation was created in 1991… I am happy to learn that the ABCF has grown to be a trusted leader in building capacity for Africa’s success in sustainable growth and poverty eradication."
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