The return of ‘Afro-optimism’

For the first time since the seventies experts agree on Africa’s promising growth prospects and potential to become a major investment frontier – though risks still abound. Here are some of key factors to watch in 2011. The continent has grown at an average of five percent per year since 2000. Demonstrating an unexpected macroeconomic solidity, most countries were relatively unharmed by the 2007-2008 global financial meltdown. Indeed the continent is estimated to grow at an average of 5.5 percent in 2011. Growth estimates for the next five years show that seven out of ten fastest growing world economies will be from Africa, particularly Ethiopia, Mozambique and Tanzania. Read more here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: