Africa’s economic boom: Five countries to watch

South Africa, Nigeria, Angola, Ghana, and Ethiopia all have economies that are growing at a brisk pace. But their future depends on how they invest that money, writes Matthew Hawki

As competition for raw resources heats up globally, economic and political elites in the West are turning to Africa for quick and generous capital gains and for the promotion of British and American geostrategic interests.

This is not the first time that these elites have been optimistic about Africa – about a decade and a half ago “Africa experts” boosted new ….. Continue Reading

Angola’s Economic Boom Has Winners and Losers

LUANDA — As Angola is experiencing one of the fastest-growing economies in the world, its capital city, Luanda, is facing a dramatic transformation. It has become a land of opportunity for some westerners, but for some Angolans, the development of the city has a bitter taste.

The city has become a big construction site. Everywhere in Luanda, new buildings are rising from the ground, as a ballet of cranes is shaping the new skyline of the capital. Luanda is busy leaving the past behind – burying 27 years of civil war and devastation under mountains of petrodollars.

With ….. Continue Reading

Doing Business in Africa Forum Presents Opportunities for American Businesses in Sub-Saharan Region

Earlier this week, we attended the Doing Business in Africa Forum at the White House. This was the first forum of the Doing Business in Africa campaign that the Commerce Department launched three months ago in Johannesburg, South Africa. Deputy Secretary of Commerce Rebecca Blank gave the opening remarks and focused on strengthening commercial ties between the United States and Sub-Saharan Africa. She emphasized that as the continent’s wealth increases, so does the demand for improved infrastructure, energy services, and high-quality consumer and agricultural products – all of which American companies are well positioned to provide. In fact, ….. Continue Reading

Fastest growing cities in Africa

Sub Saharan Africa is urbanizing faster than any other region. These are the 30 SSA cities that are driving the continent’s growth.

Like the rest of the developing world, Africa’s urban population is growing at a furious pace. Within the next two decades, the continent’s urban population will double as new economic centres emerge and attract rising tide of Africans moving to these areas for jobs and a better life.

“At 3.9%per year, urban population growth rates in Africa have been and will continue to be the highest in the ….. Continue Reading