Egypt: Cairo protest turns violent. 'Clashes erupted in Cairo on Friday after Egyptian political forces called on President Mohamed Morsy to take a stand for justice after his first 100 days in office. Shops and streets at Tahrir Square were closed as Morsy supporters and critics threw rocks at one another. At least 110 people were injured, state-run Nile TV reported, citing health ministry officials. ...'
Africa: Golden age? Walter Russell Mead:
There’s no denying that Africa has huge potential. In general, the security situation across the continent has improved: wars and coups are less common than in past generations. Across the continent, growth rates have skyrocketed. That’s more an indication of how poor most African countries were to begin with (like Sierra Leone, 2012 projected growth rate: 34 percent). But between natural resources and the growth of vast new markets, Africa is booming. In fact, the boom is picking up such pace that “migration flows are beginning to reverse, with thousands of construction workers from Europe flocking to Africa to find jobs in the boom.” Europeans are coming to Africa for jobs! About 100,000 Portuguese live now live in Angola (formerly a Portuguese colony), more than three times the number of Angolans living in Portugal. (h/t Marginal Revolution)
The obvious question is how will African governments handle the boom? By and large, most African governments unfairly distribute natural resource wealth and foreign investment. Dutch disease looms darkly on the horizon. Friction between local communities and foreign farms and mines is a constant problem. It’s possible that all this good news is just another false dawn. ...
Read the rest for one more trend that is shaping Africa.