Africa:Bootstrapping itself out of Poverty

"...In a short cover story this summer Newsweek contrasts the promises at the G-8 summit with the entrepreneurial revolution already taking place on the ground in Africa. It's not planned, rather much more spontaneous and bottom-up. But the evidence is that its working in at least 25 of the continent's countries. Even World Bank President Wolfowitz is impressed, according to the magazine.Before an Africa tour last month, the newly installed World Bank president, Paul Wolfowitz, called corruption "the worst threat to democracy since communism." But after visiting Nigeria, Burkina Faso, Rwanda and South Africa, he was striking a more positive note: "Every—where I found people who had a real willingness to work hard, intelligence, energy and a can-do attitude. Africa is a continent on the move..."
Via NextBillion