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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