An Era of New Hopes

In retrospect,Africa has travelled an“S”curve over the past 40 years on itsroad of economic development.The year 1994 can be regarded as a turning pointfor the better with an annual growth rate of 2.8%.The following two years 1995and 1996 witnessed further improvement with growth rates of 3.7% and 3.96%respectively.These were the highest rates in the past 20 years, surpassing that of