| Summary/Abstract |
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.
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