Bullish on Africa

“From re-emerged South Africa to more incipient financial centers like Ghana, Egypt and Kenya, investors are engaged in a 21st-century scramble for Africa”, the Wall Street Journal reports in its European editions today. This follows a great piece in yesterday’s Washington Post — the second in a series on the continent’s economic emergence — looking at Africa’s growing middle class. Then there’s this from Business Day. An article in the latest edition of the IMF quarterly Finance and Development, concludes:

The rise of some African countries to emerging market status gives them a tremendous economic opportunity. Access to capital markets is a key ingredient to high and sustainable private sector–led growth, and this access had long seemed out of reach for Africa; it is now a reality.

Here’s a graphic from the piece:

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