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Looking into Africa

Looking into Africa

2011-05-15

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Little was known about Africa’s interior so early map makers would often leave this region blank. Today’s investors may be the equivalent of yesterday’s mapmakers.

Africa is a continent of opportunity.

According to The Economist, between 2000 and 2010, six of the world’s 10 fastest growing economies where in Sub-Saharan Africa. The only BRIC (Brazil, Russia, India and China) country to make the top ten was China which came in second behind Angola – the fastest growing country in the world.

Nigeria, Ethiopia, Chad, Mozambique and Rwanda made up the rest of the African countries within the top ten and all had annual growth rates of around 8% or more.

The International Monetary Fund (IMF) says Africa will own seven out of the top ten places for fastest growing economies between now and 2015. The World Bank raised its forecast for economic growth in Sub-Saharan Africa to 5.3% for 2011 – the highest forecast rate of growth outside Asia.





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