Here is an example of how the Mauritian government while recognizing the Global Financial Turmoil is much bigger than they can handle... they are trying to take PREEMPTIVE measures to mitigate the fallout as much as possible! Not burying their heads in the sand!
Sithanen (the Finance Minister) said the forecast for economic growth in 2008 had been cut again to 5.1 percent from 5.4 percent, and warned that while the economy was a long way off entering into recession, the island was not immune from the global slowdown.
In Kenya the CBK governor told Kenyans 'all is normal' and to expect 7% growth in 2008... and this is a crock of shit considering (1) post-election violence destroyed swathes of crops (2) the GFT & (3) soaring inflation.
There are 2 other countries I consider 'models' in Africa... Botswana & Rwanda. Both have challenges but they practice fiscal management. Botswana is a net creditor nation & Rwanda's Kagame has shown leadership in a country that was decimated in 1994.