Africa Rising story is more of a resurgence

Addis Ababa, Ethiopia

Sir, Your editorial “The African dream needs to adapt to leaner times” (December 30) seems to skim over the underlying fundamental growth occurring across Africa and how finance ministries and central banks in Africa have made great strides in stabilising their economies from the various global macro shocks created by developed nations.

Your assertion that Africa’s growth story over the past decade is purely down to favourable external conditions and not the spirit and intellectual property of its people is also a huge oversight.

This line of argument goes against your point that Nigeria’s depleted reserve account is down to corruption and not these same external factors, which seems to be a selective cause and effect judgment on Nigeria’s reserve management policies …

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