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5oth Anniversary of Benin’s Independence

August 1960 was a bumper month for African independence: Benin kicked off the sovereignty streak and seven more colonies followed suit. Alas, civil strife, corruption, and gross mismanagement have stifled economic growth. Today, Niger, Burkina Faso, and Central African Republic — all sons of August — boast some of the most dismal per capita GDPs in the world (Benin, the Ivory Coast, and Chad fare only slightly better). But abundant minerals and foreign investment paint a brightening economic picture.

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August 1960 was a bumper month for African independence: Benin kicked
off the sovereignty streak and seven more colonies followed suit. Alas,
civil strife, corruption, and gross mismanagement have stifled economic
growth. Today, Niger, Burkina Faso, and Central African Republic — all
sons of August — boast some of the most dismal per capita GDPs in the
world (Benin, the Ivory Coast, and Chad fare only slightly better). But
abundant minerals and foreign investment paint a brightening economic
picture. The IMF projects sub-Saharan GDPs will grow 4.7% this year,
compared to a 2.3% bump in developed nations. — Clay Dillow

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Sun, August 01
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5oth Anniversary of Benin’s Independence

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