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.