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Africa Seen As Next Frontier

Source: Global Money Management p240-240, 1p
Publication date: 2010
Subject terms: "*ECONOMIC development *EXTERNAL debts *FREE trade *FOREIGN investments"
Vol.: p240-240, 1p
Abstract: The article reports on factors that contributed to the growth of African economy. According to the author, the key economies of Africa will likely to have similar growth previously seen in China, India, and Russia because several African countries have eliminated heavy debt loads and strengthened their sovereign balance sheet. The author adds that the establishment of free trade zone areas also contributed to the economic growth while population growth has attracted foreign investment. Another factor is the rise in equity and fixed-income markets
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