With sequester in our faces, unemployment near 8 percent, flatlined economic growth — gross domestic product rose 0.1 percent in the fourth quarter — Americans may be forgiven for their near-constant focus on domestic issues. But on the edge of our sightline, Africa rises. Africa rises in the news because of the insurgency in Mali, [...]
African Tech Stars Poised For Global Breakout, Need Business Savvy
February 23, 2013 | Posted by
Apps4Africa has just announced the three winners of its 2012 competition, showcasing the best in African innovation. The winners, chosen from nearly 300 submissions, were Ffene, from Uganda, an app that helps small and medium businesses reduce administrative costs; SliceBiz, from Ghana, a crowdsourcing platform to encourage middle class Africans to invest small amounts in high-growth startups; and Prowork, [...]
Ghana Taking Stage as an Investment Growth Paradise
February 17, 2013 | Posted by
The Economist once labelled Africa “The Hopeless Continent.” In a U-turn it then granted Africa the label “Hopeful Continent.” Ghana is now the fastest-growing economy on the “Hopeful Continent.” More and more, the prospects for African countries are beginning to stir exciting opportunities for investors and capitalization prospects. Significantly, the USAID has identified Ghana’s openness [...]
The African Consumer Rises
February 8, 2013 | Posted by
By now, most investors and businesses know about the tremendous potential of Africa – the world’s second-fastest-growing region, topped only by emerging Asia. But it may come as a surprise that Africa’s growth is fueled not only by resources but rather by a rising consumer market. Africa’s middle class is a key source of private [...]
A Unified African Economy Could Have a 50-Year Impact
February 4, 2013 | Posted by
Sub-Saharan Africa can expect to see economic growth of 6.6% on average this year, predicts Donald Kaberuka, president of the African Development Bank (AfDB). “The dynamic is good, there are risks in the global environment, but providing there is no worsening in the situation we remain completely optimistic about the future,” Kaberuka said in an interview with the Guardian [...]
Sub-Sahara Africa’s Economic Growth Projections Are Bullish
January 15, 2013 | Posted by
Sub-Saharan Africa, with numbers from powerhouse South Africa excluded, can expect economic growth of 6.6 percent on average this year, says African Development Bank President Donald Kaberuka. “The dynamic is good, there are risks in the global environment, but providing there is no worsening in the current situation we remain completely optimistic about the future,” [...]
Procter & Gamble CEO: Africa ‘Next Frontier’ for Business
January 6, 2013 | Posted by
In corporate boardrooms and global-investment seminars, more CEOs and business leaders are talking about Africa. That was evident at a recent New York Stock Exchange investor conference, where along with references to Africa as the “new Asia” or “home of the next Google,” there were forward outlooks by Wall Street analysts, representatives of the continent’s [...]
Africa: The Next Global Middleclass Juggernaut
December 29, 2012 | Posted by
Hardly a week goes by without an African investors’ conference or growth summit. Portuguese professionals are looking for opportunities in Angola. Silicon Valley companies are coming to Kenya to learn about its home-grown ICT revolution. This is not an irrational fad. Since the turn of the century, Africa’s growth has been robust (averaging 5-6 per [...]
An Analysis of the Enormous Growth Opportunities in African Economy
December 6, 2012 | Posted by
One of the biggest business stories of this year has been the recognition by investors and the Obama administration that the African continent is one of the best places on the globe to bring your investment dollars. That’s the message of a long analysis of the African market on the CNNMoney site yesterday, saying that [...]
African Officials Worry Economic Uncertainty Poses Great Risk
May 14, 2012 | Posted by
The Africa Progress Panel warns if African nations fail to generate equitable growth, they could face grave consequences. The International Monetary Fund expects economic growth in Sub-Saharan African by 5.5 percent, up from 5 percent in 2011. Despite this, officials are wary. “Africa is on its way to become a preferred investment destination, a potential [...]
