What is the greatest economic opportunity in the world today? China? India? South America? Wrong. It is Africa.
In the last decade, eleven of Africa's countries have racked up annual growth rates of 7% or more. Many are now growing at 10% or more annually - and achieving lift-off. According to some estimates, if Africa can grow at its current rates, by 2016 its GDP will be $3.3 trillion - more than Brazil.
It is the last great frontier market - and the one that no one can afford to ignore.
In this brilliant, thought-provoking essay Peter Guest examines the massive opportunities in the new African economy - for companies, entrepreneurs and investors.
Peter Guest is an award-winning journalist and editor writing about Africa and international development. He has contributed articles on the continent's emerging economies to a number of national and international media outlets, including the Financial Times, the Wall Street Journal, Wired Magazine, CNBC, the Guardian and Forbes Africa. He was the founding editor of the Financial Times Ltd's highly acclaimed This Is Africa magazine, which he managed until 2011.
Saturday, November 10, 2012
Africa's Century: Making Money On The New Frontier (Main/UK), a single length booklet by Peter Guest, is free in the Kindle store, courtesy of UK publisher Endeavour Press.