DE_GUZMANN
Member
- Dec 1, 2013
- 54
- 9
After noting the high levels of interest in Africa from their members,World's economists have added up the figures, crunched the numbers and reached a conclusion: the African growth story is no mirage. It's the real thing.
Drill into the details of their report, and it is revealed that seven countries: Cote d'Ivoire, Ghana, Kenya, Nigeria, South Africa, Tanzania and Zambia together account for 65% of Africa's economy. Since 2007, the seven have achieved a growth rate of 4.7%, which balloons to 6.5% as soon as South Africa's grim decline is removed from the equation.
South Africa and Ghana are considered models of democracy compared to their continental peers, and both enjoy significant resource wealth (South Africa in minerals, of course, and Ghana with its new-found oil). Nigeria is the most populous country, but is marred by the vices that so badly stunted Africa's growth in the 20[SUP]th[/SUP] century: corruption, mismanagement and poor governance. Tanzania and Zambia are both poor countries showing tentative but encouraging signs of economic and political stabilization. Kenya and Cote D'Ivoire, meanwhile, have both experienced severe conflict in the last few years and unstable governments; despite this, Kenya boasts one of Africa's most dynamic economies.
Blackmen,it's not a myth,it's hapenning..Let's believe in us and together live the dream.
Drill into the details of their report, and it is revealed that seven countries: Cote d'Ivoire, Ghana, Kenya, Nigeria, South Africa, Tanzania and Zambia together account for 65% of Africa's economy. Since 2007, the seven have achieved a growth rate of 4.7%, which balloons to 6.5% as soon as South Africa's grim decline is removed from the equation.
South Africa and Ghana are considered models of democracy compared to their continental peers, and both enjoy significant resource wealth (South Africa in minerals, of course, and Ghana with its new-found oil). Nigeria is the most populous country, but is marred by the vices that so badly stunted Africa's growth in the 20[SUP]th[/SUP] century: corruption, mismanagement and poor governance. Tanzania and Zambia are both poor countries showing tentative but encouraging signs of economic and political stabilization. Kenya and Cote D'Ivoire, meanwhile, have both experienced severe conflict in the last few years and unstable governments; despite this, Kenya boasts one of Africa's most dynamic economies.
Blackmen,it's not a myth,it's hapenning..Let's believe in us and together live the dream.