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Economy

Better governance has boosted Africa's resilience

Fresh fruits and vegetables are on display in a supermarket in Lusaka, Zambia. Zambia holds 40% of the region's surface water and is one of the most fertile countries in Africa.   © Ken Moriyasu

TOKYO African governments are maintaining fiscal discipline and increasingly curbing corruption, according to Hiroyuki Hino, a visiting professor at the University of Cape Town's Southern African Labour and Development Research Unit. Hino spoke with the Nikkei Asian Review about how Africa is coping with the resource slump and other issues.

Is the African economy destined for a lengthy downturn? The current slowdown has been brought about mainly by a fall in prices of crude oil and other resources, caused by slowing economic growth in China. Africa's resource-exporting countries -- including Nigeria, Angola and South Africa -- have been hit hard by the price declines. Foreign companies' investments in African resources, such as crude oil and copper ore, are also dwindling.

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