It is likely that seven of the fastest growing economies in the world will be in Sub-Saharan Africa over the next five years. These are Ethiopia, Mozambique, Tanzania, Congo, Zambia, Nigeria and Ghana.
What the continent has going for it includes:
- abundant natural resources
- a growing middle class (growing consumer power with skills to transform economies)
- very youthful population
- investment opportunities in infrastructure
The African Development Bank is the Executing Agency for the Programme for Infrastructure Development in Africa (PIDA). Visit www.afdb.org and www.pidafrica.org. Investment opportunities exist where something has to happen, and the entrepreneur anticipates the need and positions himself to take advantage of it. Infrastructure within and between states in Africa falls into this category.
Challenges remain unstable commodity prices, youth unemployment and rising inequality.
Africa and agriculture, the opening chapter in The Agri Handbook for South Africa, provides a useful overview of Africa and lists the dominant role players.
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