USA increases its presence in Africa "the rising continent", while Europe keeps on underestimating it until its too late to take advantage, for "frontier" markets of today's AFRICA will be the emerging markets of tomorrow.
AFRICOM Expands Mission In Africa
In 2012, SUB-SAHARAN AFRICA is rapidly coming of age as an economic region and as an investment destination. The so-called "frontier" markets of today's AFRICA will be the emerging markets of tomorrow.
Over the next five years, according to the IMF, seven economies in SUB-SAHARAN AFRICA are expected to be among the ten fastest growing economies in the world. In 2011, the economy of GHANA grew by 13.7%, while ETHIOPIA'S grew by 8.5%. Elsewhere, the MOZAMBIQUE economy grew by 7.5%, NIGERIA and ZAMBIA by 6.8%, and the Democratic Republic of CONGO by 6.5%.
AFRICA IS FORECAST TO EMERGE AS THE FASTEST-GROWING REGION IN THE WORLD OVER THE NEXT 20 YEARS.
Seeking economic ties with the continent augurs well for the future, both for AFRICA and the USA. AFRICA is forecast to emerge as the fastest-growing region in the world over the next 20 years. To realize this growth, it will have to nurture a number of key competitive advantages: the world's richest mineral and energy deposits, the most arable land, and what is predicted to be the youngest population in the world by 2050.
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AFRICA and the USA Updated at :
7:32 PM
Monday, July 16, 2012
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