Patrick Bond makes a stinging critique of the recent report of the African Development Bank that claims that 'one in three Africans is middle class' and as a result, Africa is ready for 'take off'.
Apparently, 'one in three Africans is middle class' and as a result, Africa is ready for 'take off', according to African Development Bank chief economist Mthuli Ncube last week at the World Economic Forum-Africa summit in Cape Town. 'Hey you know what, the world please wake up, this is a phenomenon in Africa that we've not spent a lot of time thinking about.'
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