Africa: Replace aid with trade, rich countries told

Rich countries need to change the way they deal with Africa, shifting from aid to trade if they are to avoid losing ground to the emerging economic players of Asia and South America, a top think-tank has said. In a report by the Royal Institute of International Affairs at London’s Chatham House analysing Africa’s small but evolving influence, the Western perception of Africa as a hopeless case was challenged, painting the continent rather as home to a billion people and up to 40 percent of the world’s natural resources.