African Economic Growth
23 August 2011
frica is an interesting continent.
While the western world's press has been reporting scary things like how billionaires in Zimbabwe could end up starving due to their Z$ billions hardly convertible into just a few eggs, famine in other places, we should equally note Africa's potential in the coming years.
The Chinese has been aggressively pursuing resources deals in the continent.
And in some countries, there is also the promising banking sector to tap into the rising affluence of their middle class.
And actually, it is quite wrong for one to simply associate Africa with the term 'poverty'. You simply have to look up exclusive residential properties in South Africa and note that the prices can be on par with some other globally popular locations. Millions of USD for a residence can be common in those places.
As Africa evolves over the coming decade, the world may hopefully see more sustained eradication of povery in the continent. As such, Africa's image as a whole can improve.