Seven Reasons Why Africa’s Time Is Now

25-Sep-2013

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Brian has held positions with a variety of financial services companies, including Cantor Fitzgerald and FTI Consulting. An avid traveler and investor, Brian enjoys scouring emerging and frontier markets for hidden gems (Oxstones). Brian holds an M.B.A. with a concentration in finance from Georgetown University and a B.A. in economics and political science from Rutgers University. He also completed graduate studies in international management at the University of Oxford, Trinity College.







Here’s a link to a recent infographic in HBR.  http://hbr.org/2013/10/seven-reasons-why-africas-time-is-now/ar/1

Summary:

Africa’s economy is growing faster than the economies of all other continents. About a third of the 54 African countries are seeing annual GDP growth of more than 6%. But this isn’t just about diamonds and oil: Only 24% of the growth from 2000 to 2008 was attributable to natural resources. What’s making this diverse and complex continent boom? Here are some surprising facts about Africa’s $2 trillion economy.

1. Huge Market Opportunity

2. Increasingly Stable

3. Intra-African trade is in its infancy

4. It will soon have the world’s largest workforce

5. 20% of Government spending goes to education

6. Mobile is exploding

7. Contains most of the world’s uncultivated cropland

 

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