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Business and credit conditions in Sub-Saharan Africa.(International Section)
Most of the news out of Africa is grim these days, with headlines focused on wars raging in several countries and political conflict threatening any hope for stability in others. But despite extraordinary levels of unrest and the ongoing effects of the global economic slowdown, investment and trade show signs of renewed growth. Much of it will be concentrated in the Sub-Saharan region, where 690 million of the continent's 840 million citizens live, and where vast resources and markets increasingly draw foreign interest.
Real GDP growth for the Sub-Saharan region slipped to 2.6 percent in 2002, but should reach 3.0 percent this year, according to the World Bank. ...
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Source: HighBeam Research, Business and credit conditions in Sub-Saharan Africa.(International...