A Brief Look at Economic Opportunity in Africa

The World Bank’s 2007 African Development Indicators found that African economies overall were growing faster and steadier between 1995 and 2005 than the decade before. Growth rates, infusions of private equity, the informal economy, and the philanthropy and investments of a broad diaspora (collective of displaced peoples) are all factors that magnify the potential of the more than 900 million people on the continent of Africa.

Rapid Growth

The growth rates in Africa far outstrip those of developed markets, meaning that the future is even more promising for business there. As the World Bank concluded in its 2007 African Development Indicators, “Many African economies appear to have turned the corner and moved to a path of faster and steadier ...