The African economy is on the rise. Many countries within the continent are seeing a huge increase in annual growth. Countries like Nigeria and Kenya are experiencing markets that have risen more than 50% in the pat year. The sub-sahara regions are undergoing GDP growth rates of more than 5%. The economy in African is defiantly looking up compared to recent years. However, Africa is missing some of the main components for continued growth which are capital and savings. This provides a great market for foreign investors to invest into African markets. This is an opportunity for world investors to make a larger profit investing in African markets. There is a better return then investing at home for these people. African stocks are becoming more stable making for a good market for investors.
Although the African economy is on the rise only a few people are benefiting from this large increase in gains. Most of the markets for growth are in fields like oil which are owned by the government. With the government being so corrupt in Africa a majority of the newly founded wealth is kept by local officials and not distributed back to the people. That is why Africa is poor and will continue to be poor in the years to come. If they want to see and overall increase in living standards there needs to be some type of political intervention.
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