The preamble to the Lagos Plan of Action for the Economic Development of Africa, adopted by the Organisation of African Unity in 1980, describes the economic situation of Africa as follows: "Rather than result in an improvement in the economic situation of the continent, successive strategies have made it stagnate and become more susceptible than other regions to the economic and social crises suffered by the industrialised countries."

Sadly, the statement is as relevant today as it was 40-odd years ago, when it was drafted...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now