Evolving Africa

With widespread political and economic reforms sweeping across the country in recent years, Africa’s business and economics scene is rapidly changing.The African Economic Growth report for 2010 revealed impressive growth in Angola (12.9%), Equatorial Guinea (12.9%), Chad (8.5%), Nigeria (9.1), Sierra Leone (8.7%) and Ethiopia (8.6%), and a national average of 4% overall.These positive changes open up new possibilities for Africans in terms of overseas trade and employment prospects

While some African countries still suffer from heavy unemployment, opportunities for businesspeople and qualified individuals can still be found in several key growth areas, particularly in the natural resources (gas and oil), agriculture, healthcare and telecommunications  sectors. As one of the world’s richest mineral sources (see world mining map below), insiders project that future operations in Africa will grow as the business climate stabilizes further.

 

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