South Africa, Angola, Kenya, Mozambique, Ghana, Mauritius, Nigeria, Tanzania, Zambia make up the rest of the group expected to play a crucial role in the regions future.
“Sub-Sahara Africa is one of the richest regions in the world. In the decades following independence, economic stagnation has sadly been the norm in most of the region as a result of political instability, corruption, economic mismanagement, ethnic conflict and wars,” the MasterCard Knowledge Leadership’s 1Q 2010 report said.
“Africa’s economic pulse has quickened, infusing the continent with a new commercial vibrancy,” the McKinsey report said, adding that Africa’s collective GDP, at US$1.6 trillion in 2008 was roughly equal to that of Brazil or Russia, and among the world’s most rapidly growing economic regions.
Mauritius topped the Africa Top 10 list in terms of per capita income in 2008 with US$7,020, followed by SA at US$4,990, Angola at US$1,786 and Nigeria at US$1,193, while Zimbabwe had the lowest at US$136. –
Post published in: Economy