Africa for the optimist: 2011 in review

There's been plenty of good news coming out of Africa this year. Economically, politically and socially the continent is demonstrably not the basket case it's often perceived to be. It never has been, of course, but now there's a lot more stories being told which prove it.

By Simon Allison

15 Dec 2011

Africa's booming economy

You know that things have been turned on their head when you look at the chaos going on in the world's major markets and think that Africa is the most stable place to keep your money. The fact is, while Europe and America dip in and out of recession and are much closer than is comfortable to complete financial collapse, Africa's growth rates remain at around 3.7%. The reason it's not at 5% or 6% is largely because of the impact of the global financial crisis, not Africa's own economic prospects - over the next decade, Africa is predicted to experience higher growth rates than anywhere else. The continent is also playing host to a burgeoning middle-class, predicted to number over 100 million people by 2015. All the signs point to something of an economic renaissance in Africa, which, if managed effectively, can only be good for its people.

Continue reading the full story in www.dailymaverick.co.za.

Share this article

NextOptions

Source: Daily Maverick

Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.

Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.

Go to: https://www.dailymaverick.co.za/