LectureHop: 2011 African Economic Forum
Over the weekend, Columbia hosted the annual African Economic Forum. Africa enthusiast Aaron Kohn attended and provides an overview of the weekend-long event. Even-handed Bwog correspondent Katheryn Thayer attended one of the panels and writes a detailed account after the jump.
“Africa has come too far to turn back now,” remarked the CEO of the 2010 World Cup South Africa, Danny Jordaan on Saturday. The organizer of the event encouraged those who met for the 8th annual Columbia University African Economics Forum to represent Africa as the “Roaring Giant,” the theme of this year’s forum.
On Friday and Saturday, panelists and speakers demonstrated Africa’s growth and its undaunted strength in the wake of the financial collapse in 2008. World Bank economists, NYT bestsellers, TV executives and even a Nigerian Vice Presidential Candidate allayed the harsh realities of Africa as it is often portrayed with their own encouraging outlooks.
The SIPA Pan African Network, the African Business Club, and the African Law Students Association, all organizers of AEF 2011, made the case that the World Cup has not been the only encouraging event to take place in Africa. Private investment now outnumbers aid money flowing into the continent, Nollywood (Nigerian Movies) is the second largest film industry in the world (Bollywood is first and Hollywood is third), and cellular communications and natural resource industries continue to grow.
People may look at Africa and see the wars taking place, government corruption, and a troubling colonial history. Yet, as hundreds of millions of people who used to be living under $2 a day rise out of poverty, Nigeria expects to have the world’s second-largest city, and citizen-driven reform begins to affect policies across the continent, investment and growth show a positive outlook.
Binyavanga Wainaina, author and Director of the Chinua Achebe Center for African Literature joked that when his colleagues call a publisher and ask, “Is it okay if I email my transcript? Postage is very expensive,” the publisher probably thinks, “Oh, there must be a drought.” It is time to stop thinking of Africa as a sleeping lion. The Giant is awake and its opportunities and talents are still slow to be recognized.
Tags: africa, economics, lecturehop
28 March 2011 @ 8:32 PM · 2 comments




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