A ‘rising Africa’ in a resource-rich context: Change,continuity and implications for development

Abstract

As Africa witnesses a shift from Afro-pessimism to Afro-euphoria, contemporary discourses on the continent have been hinged on the notion of a ‘Rising Africa’. This article explores the often-ignored structural defects upon which the notion is hinged, particularly in resource-rich contexts. The analysis is based on a critique of current narratives of a rising Africa as being far too simplistic and subjective to serve as an enduring basis for capturing the dialectics of change in a resurgent continent. It does this by engaging a multi-level analysis that draws upon the political economy of oil, growing inequalities in resource-rich states, strategic and energy security calculations of global actors, and the complex web of global forces that define the parameters and limits of development on the continent. Given the marginal position of the continent in the global extractive regime, this article posits that a lot will depend on understanding the implications, risks and opportunities embedded in Africa’s current resource boom, with a view to charting a viable and sustainable path in its unpredictable search for development.