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


Read More
Actress Hlubi Mboya Arnold talks scholarship opportunity for aspiring filmmakers

Actress Hlubi Mboya Arnold talks scholarship opportunity for aspiring filmmakers

The scholarship is open to all South African citizens and all candidates must hold a Grade 12 certificate.

The question many ask about sexual abuse: Why don't women tell?

The question many ask about sexual abuse: Why don't women tell?

Dr Eve says this is the most patriarchal question people ask, suggesting women are responsible for the abuse.

[LISTEN] The Naked Scientist explains the effects of cooking with microwaves

[LISTEN] The Naked Scientist explains the effects of cooking with microwaves

Chris Smith joins the Eusebius McKaiser Show every Friday to answer questions on science or just about anything else

How to have your cake and eat it (without the guilt) this festive season

How to have your cake and eat it (without the guilt) this festive season

Stacey Holland and Nicci Robertson share experiences of their weight loss journey and relationship with food.

[LISTEN] Mmusi Maimane on why SOEs should be dismantled

[LISTEN] Mmusi Maimane on why SOEs should be dismantled

The DA leader sat down with Eusebius McKaiser to share his views and thoughts on a number of issues concerning his party and SA.

Maimane tells Eusebius how the DA intends attracting black voters

Maimane tells Eusebius how the DA intends attracting black voters

TUNE IN at 10am to the Eusebius McKaiser show where he talks coalition agreements and economic policies.

Popular articles
If you're caught driving with your phone, officials are allowed to confiscate it

If you're caught driving with your phone, officials are allowed to confiscate it

If the engine is running and you are sitting behind the wheel you are not allowed to operate your phone says W Cape's JP Smith

[WATCH] Zola Tsotsi drops bombshell about Zuma meeting at State Capture Inquiry

[WATCH] Zola Tsotsi drops bombshell about Zuma meeting at State Capture Inquiry

Former Eskom chair Zola Tsotsi’s jaw-dropping statements include Tony Gupta saying they could hire or fire Eskom board members.

SA fizzy drinks undergo "shrinkflation" to control sugar intake

SA fizzy drinks undergo "shrinkflation" to control sugar intake

Coca-Cola has reduced its 500ml "buddy" to 440ml and the traditional 330ml Coke cans will soon have a volume of just 300ml.

Mugabe threatened to dissolve Parliament hours before his resignation

Mugabe threatened to dissolve Parliament hours before his resignation

Deputy President of MDC says Mugabe's threats could not deter them from their mission to impeach him - they were determined.

What Shoprite, Checkers, Pick n Pay and Makro will offer on Black Friday

What Shoprite, Checkers, Pick n Pay and Makro will offer on Black Friday

Up for a Springboks level scrum? Instructions on how to ensure you get the deals in your inbox the moment they become known...