Fastest growing nations in the world are in Africa

Various African countries that continue to make significant economic growth of between 6-8% annual growth prove the 'Africa Rising' notion true. However, high poverty levels impede inclusive growth of the poor.

Speaking to Africa analyst and strategist, Kofi Kouakou, 702/Cape Talk's Eusebius McKaiser delved into the question of whether Africa is a place of doom and gloom.

Kouakou said that it's important to have an understanding of each country's gross domestic product (GDP), political economy and governance complexities to measure each country's successes and failures.

He said Democratic Republic of Congo (DRC), Ethiopia, Tanzania, Rwanda, Senegal, Mozambique and Ivory Coast are some of the countries that tell a good story for Africa's economic advancement.

Listen to the conversation below:

The truth... the statistical evidence is telling us that some of the fastest growing nations in the world are in Africa.

Kofi Kouakou, Africa analyst and strategist

Kouakou said that the major sectors which have seen significant growth are ICT (information communication technology), financial services, extracting commodities and consumables.

Usually most African countries have grown in the commodities field, but there's also growth in the consumption and financial sector.

Kofi Kouakou, Africa analyst and strategist

This article first appeared on 702 : Fastest growing nations in the world are in Africa


Recommended

by NEWSROOM AI
Read More
There is no decisive evidence that God exists, insists Eusebius

There is no decisive evidence that God exists, insists Eusebius

Callers on the open line discuss the existence of God.

Mashaba apologises for using Ebola as scare tactic in 'cow heads' saga

Mashaba apologises for using Ebola as scare tactic in 'cow heads' saga

Joburg Mayor Herman Mashaba has responded to criticism that he could have handled the 'cow heads' matter differently.

ConCourt orders Woolworths to reinstate retrenched workers

ConCourt orders Woolworths to reinstate retrenched workers

The importance of consultations between employers and employees during retrenchments.

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Mashaba posted a picture of a man pushing a trolly full of cow heads saying that he had him arrested for an "illegal act".

An in-depth look at Malusi Gigaba's history and rise in government

An in-depth look at Malusi Gigaba's history and rise in government

News24 Journalist and eNCA senior political reporter Samkele Maseko take a look into the role of Malusi Gigaba in state capture.

Crime traumatises South Africans, feel unsafe in their own homes say experts

Crime traumatises South Africans, feel unsafe in their own homes say experts

702/CapeTalk's Eusebius McKaiser facilitated a discussion on the psychological effects of crime in South Africa.

Popular articles
Thandeka Gqubule prepared to fight EFF to the end

Thandeka Gqubule prepared to fight EFF to the end

SABC Journalist and part of the SABC 8 Thandeka Gqubule says she has not had any communication from the EFF.

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Callers debate Mashaba arresting a man wheeling cow heads in Joburg CBD

Mashaba posted a picture of a man pushing a trolly full of cow heads saying that he had him arrested for an "illegal act".

Heads to roll for N2 car spinning frenzy

Heads to roll for N2 car spinning frenzy

WC Traffic Chief says there was no authorisation given for cars to be spun on a provincial road with the protection of officers.

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

Menthols far deadlier than regular cigarettes, finds FDA. BAT shares tumble 11%

A proposed FDA ban wiped R176bn from British American Tobacco's market cap. Bruce Whitfield talks to Dr Richard van Zyl-Smit.

[WATCH] South Africans going crazy doing the #MalwedheChallenge

[WATCH] South Africans going crazy doing the #MalwedheChallenge

The Road Traffic Management Corporation (RTMC) has issued a warning asking people not to do the challenge while driving.

South Africa gets a brand-new bank, ‘Bank Zero’

South Africa gets a brand-new bank, ‘Bank Zero’

The Money Show’s Bruce Whitfield interviews Michael Jordaan, co-founder and Chairperson at Bank Zero.

#DataMustFall! Meet Rain CEO Willem Roos... he is making it happen

#DataMustFall! Meet Rain CEO Willem Roos... he is making it happen

The Money Show’s Bruce Whitfield interviews Rain CEO Willem Roos for his weekly “ShapeShifter” feature.