With the development in Asia, now it’s the turn of Africa
with a fast growth rate. Earlier no one even thought of investing in Africa,
but it’s believed that Africa can be a good investment market as the growth can
be around 10% in the Sub-Sahara Africa.
South Africa, the investors always looked at Europe or
America for their investment is now calculating to trap the opportunities for
best returns from the growth in Africa. The current growth of Sub-Sahara Africa
is around 6% which matches with the growing economy of China and India. The
performance of the macro economy has increased in Africa.
There is very less effect of the global slowdown in the
region but the inflation has increased in the region. Earlier the discussion on
Africa use to focus on how to use the aid to help the African economy, but now
the time has changed. The discussion is focused on mainly how to capitalize the
opportunities present in the continent.
The commodities have helped the growth rates in Africa. The
natural reserves in the continent have really attracted the sight of the
developing countries like India and China. The Oil, minerals, ores and timber
plays a major part in driving the growth rate. Africa has the world’s best
natural reserves which still have to be explored. The growth rate will attract
maximum of the foreign investment, making Africa important in the global
economy.
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