Sunday, August 14, 2011

Africa Still Seen As A Hot Investment Despite Downtrodden Global Economy

The Atlanta Post: "With most of the world watching in fear as the U.S. economy convulses, Africa reminds us that there are places where things are improving. For the last 10 years, with no signs of slowing, Africa’s steadily increasing role in the global economy has been impossible to ignore.
Economist Magazine recently reported that over the past 10 years, six of the world’s fastest-growing economies have been African. Along with that there has been talk of a 7.2% projected annual growth for the Republic of Congo, Ghana, Mozambique, Tanzania, Nigeria, Zambia and Ethiopia.
This of course hasn’t gone unnoticed by some of the more experienced players in the global economy, China chief among them. The Standard Bank of South Africa relayed to BusinessWeek that if all happens as planned, trade between Africa and China would triple to $300 billion by 2015."