And now, the good news about Africa

Africa may often be seen as a lost continent, but a new study reveals a completely different image. Africans are becoming increasingly wealthy—at a faster pace than most assume. The growth spurt started in 1995 and is increasing at a constant rate. “Africa is reducing poverty, and doing it much faster than we thought,” write American National Bureau of Economic Research economists Xavier Sala-i-Martin and Maxim Pinkovskiy.