There is renewed hope that Africa is on the brink of a major development breakthrough. It has been described as a new dawn or as Africa’s Moment. Leading African development institutions, such as the African Union1 and the African Development Bank, have argued that the African Moment is imminent, and that this is not going to be yet another false dawn, as was the case in the 1970’s. In fact, Donald Kaberuka, President of the African Development Bank has proclaimed that “the renewed momentum (in Africa) is, this time around, well-merited and anchored in solid foundations sufficient to carry the continent forward at the necessary pace.”

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