I would appreciate the input of the economic, investment and finance people out there. In this era of economic doom and gloom, African economies resisted the global recession and handled it quite well.
Going forward, many analysts highlight Africa as a region for future economic investment and return. Nigeria and South Africa especially have a market with over 200 million people between them. South Africa’s confidence has been boosted by its successful hosting of the World Cup, and Nigeria is as always, an energy (oil) giant.
*Africa’s economic growth is forecast to be 4.75% in 2010
*In 2011, half of the world’s 10 fastest growing economies are expected to be in Africa.
*Nigeria’s economy grew by over 7% in the first half of 2010, and is predicted to grow by 10% next year.
Goldman Sachs’ global head of economic research Jim O’Neill said of Nigeria: “If it were to show the same increase in its growth-environment score over the next decade, many investors will look back and say why the hell didn’t I invest in Nigeria”.