Q&A: What can we learn from the way Africa is growing ?
In the run up to our Summit on the Global Agenda, we asked you to put your questions to Ashish Thakkar, from our Global Agenda Council on Africa. African growth is expected to accelerate to almost 6% by 2015. What can we learn from the way Africa is growing ?
Questions from our Facebook followers:
Gwen Bst: Well, an expected growth of 6% is amazing if you take it at face value, but for a lot of African countries the growth is not so huge. Take Senegal, for example. The expected growth is 4% for this year (according to the IMF), but the population growth is almost 3%, so not really any growth in perspective…
Ashish Thakkar: Africa is an exciting frontier market, with huge potential for growth. Not only are economies diversifying across the region, we’re also seeing greater political stability, a surge in foreign direct investment and greater regional cooperation. Naturally, this growth is stronger in some markets than others, but as this trend continues, we will see it cascade into other markets too.
Ashish J. Thakkar, Chair, Global Entrepreneurs Council, United Nations Foundation