To Maintain Growth, Africa Must Improve Governance

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A small sea of ink has been spilled lately over the “rise of Africa” as an exciting frontier market for investors from both advanced economies and other emerging markets. Africa’s relatively rapid growth rates, improved fiscal and debt management and improving political stability are painting a picture of the kind of robust economic prospects usually associated with India, China, Brazil and other middle-income economies. And despite remaining high risks associated with African markets, global investors increasingly find Africa’s potential returns compelling. For example, according to a study by the Boston Consulting Group, a hypothetical $100 investment in Africa’s 40 largest […]

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