Is Africa on the Verge of Major Economic Growth?


The Nigerian finance minister and other economists think so. They are predicting 10% economic growth per year in the next year(s), and think Nigeria’s economic growth could exceed that of China.

Nigeria set for 10% economic growth: http://www.csmonitor.com/World/Africa/Africa-Monitor/2010/0914/Nigeria-poised-for-big-growth-aims-to-be-the-next-BRIC-country

Africa’s richest man says (in a CNN interview) that “Nigeria is really the best place to invest.It is the best kept secret actually in terms of investment”.

http://www.cnn.com/2010/BUSINESS/09/28/nigeria.rich.dangote/index.html?eref=rss_latest&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_latest+(RSS%3A+Most+Recent)&utm_content=Google+UK

http://www.economist.com/node/17043662

Lagos banks: http://www.economist.com/node/17043674?story_id=17043674

Guide to doing business in Johannesburg: http://www.economist.com/blogs/multimedia/2010/09/doing_business_johannesburg

Nigeria’s stock exchange: http://blogs.ft.com/beyond-brics/2010/08/23/do-not-publish-nigeria-stock-exchange/


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