GROWTH GROWTH GROWTH

Africa has definitely maintained relatively strong growth in 2013 despite slow growth in Europe and the United States. The IMF has predicted the continent will grow by an average of 5 percent this year and 6 percent next year.
Africa’s ‘old and new’ countries led the continent’s economic growth. The ‘old’ includes Nigeria, Algeria, South Africa, Angola, Algeria, Gabon and Equatorial Guinea. The ‘new’ includes Kenya, Ghana and Tanzania. China still remains the driving force for Africa’s growth. South Africa is not growing as robustly as the rest on the continent.

Major obstacles are poor infrastructure, lack of skills and poor education. Great assistance is needed in improving its education system and manufacturing sectors.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s