The future of the African continent is oftentimes discussed and controlled principally by those who do not live there, are not familiar with African cultures, and are likely not personally invested in developing the 54 African countries. NGO’s and large international bodies continue to struggle to identify Sub-Saharan AfricanContinue reading
African Business News
Including Private Sectors in the Development Calculations in Africa
Oftentimes, Africa’s future is discussed and remotely controlled principally by people and organisations not on the continent. This means to a large extent that these deciders have been identifying Sub-Saharan Africa’s development strategies leaving the Africans themselves to merely pay the price for their “hard work.” As they decide for the AfricansContinue reading
Economic growth in Africa varies across countries and regions, reflecting factors such as differences in income levels, dependence on commodity exports, political and social stability, and macroeconomic and structural policies.
In 2015, growth continued to be highest in East Africa, followed by West Africa and Central Africa, and remained lowest in Southern Africa and North Africa. Assuming a gradual improvement in international and domestic conditions, growth is projected to accelerate in all regions in 2016/17.
It’s clear that both West and East African regions, accounting for 38 countries in the continent, are since 2012 pulling the African average GDP rates up. Agriculture in the western countries and tourism in the east are the most promising and potential industries.