| ID | 138401 |
| Title Proper | Warming business climate in Africa |
| Language | ENG |
| Author | Taylor, Scott |
| Summary / Abstract (Note) | According to a variety of metrics, business is booming in sub-Saharan Africa. Foreign direct investment (FDI) has increased steadily, from a mere $2.8 billion in 1990 to $57 billion in 2013. Programs that extol both the household and economy-wide benefits of entrepreneurship have proliferated, and a new generation of African business magnates serves as role models for citizens and government officials on a continent that once saw business as anathema to national development priorities. This new capitalist ethos corresponds with other striking achievements. Gross domestic product rose by over 5 percent annually between 2000 and 2014, and growth is forecast to remain in the range of 4-5 percent for the next several years. |
| `In' analytical Note | Current History Vol. 114, No.772; May 2015: p.163-169 |
| Journal Source | Current History Vol: 114 No 772 |
| Key Words | FDI ; Africa ; Political Problems ; Warming Business Climate ; Booming Businees - Africa ; SSA ; Rising Consumers |