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.
Posted on January 31, 2011 by idasa