Africa Progress Panel members Kofi Annan, Peter Eigen, Linah Mohohlo and Olusegun Obasanjo launched the Africa Progress Report 2010 on 25 May 2010 in Johannesburg. The landmark publication analyses the continent’s progress and issues key recommendations to African leaders and its international partners. The report was launched in coordination with the launch of ONE's 2010 DATA Report.
Africa is now being described as a new economic frontier. Barely a week goes by without news of the discovery of more oil, gas, precious minerals or other resources. Deals are being signed by African countries with an ever-broader array of partners, including from China, the Far and Middle East, South Asia and Latin America. Trade is growing, both within the continent and internationally, including with the global South. Turnover of African corporations and banks is increasing. Domestic revenues, foreign direct investment, remittances and official development assistance (ODA) have all climbed steadily over the last decade, although the upward trajectory dipped in the wake of the global financial and economic crisis. After a gloomy year, economic growth rates are predicted to climb again, and restore the continent’s place as one of the fastest-growing regions of the world.