West Africa: U.S. to Boost Public-Private Investment for Growth: Africa's rate of economic growth during the past decade is roughly double the growth rates of the 1980s and 1990s. The transportation, manufacturing, telecommunications, wholesale and retail sectors have contributed significantly to this heartening increase in growth.
However, there is still much room for improvement. More than half the population of Africa — some 600 million people — still lives without that most basic necessity of the modern global economy: reliable electricity. Rather than trying to raise money from development agencies and foreign countries, the main objective of Obama’s Power Africa initiative is to harness and catalyze private investment for electrification.

Africa's turn

Africa's exceptionally robust growth over the last decade is probably understated. Informal parts of African economies are estimated to account for a large amount of trade. However, not being able to measure this growth precisely should not detract from Africa's potential as Africa evolves and tackles the consumption, urbanization and industrialization ladders that BRIC has climbed. The main impediment to growth is infrastructure. Moving goods around Africa takes longer and costs more than in most places in the world. On top of this, Africa scores very badly in terms of number of power outages and transport infrastructure per capita. Correcting these problems will require a shift away from funding governments, towards more private sector involvement, especially foreign capital. Previous scrambles for Africa have not produced lasting economic benefits. However, contributing factors have produced some startling economic growth (14 African countries grew their GDP by more than 6% per annum on average over the last five years). Improved governmental competence and stability have done their part, as have the decreased number of wars and skirmishes. In the past decade there have been encouraging signs of a reversal of the 'brain drain' that saw talent leave the continent. Demographics are becoming very favourable and the young population will be the envy of the world in twenty years' time.

Short article on the housing crises in Ghana

The majority of Ghanaians are faced with the same housing challenges: rents are far too high, and among the scarce options the market offers, many lack the most basic necessities. With 28% of Ghanaians living below the poverty line and the average Ghanaian earning about $2 per day, according to the World Bank, renting or buying a decent house is a difficult challenge. Statistics show that about 10 million Ghanaians are in dire need of a place to live. The efforts of previous governments have not been successful in coping with the demand and current efforts are able to satisfy only roughly a quarter of the demand.
Sizing Up the Real Risks of Investing in Africa: To many Western investors who don't look past the stereotypes, Africa is terra incognita. Their ignorance could cost them plenty in lost opportunity. There are compelling long-term trends on the continent. Political stability and economic policy have improved. Consumption is rising and new capital, some of it from investment funds, is coming in. "Africa is becoming more accessible" to Western investment.
Africa Has Greater Potential Than India: Stanchart:
Seven of the ten fastest growing countries in the world are in Africa. Africa has huge consumer potential. Last year, the African consumer spent over a trillion dollars, more than consumers spent in India.
Frontier markets feel the love as emerging peers crumble:
"Right now the frontier is very exciting … These frontier markets, particularly in Africa, are growing at a tremendous pace ... this is the place to be at this stage of the game". The 'frontiers' consist of 30 typically undeveloped countries with the potential for rapid rates of economic growth, such as Bangladesh, Iraq and Mozambique. Gross domestic product growth among all the frontier markets averaged 6.9 percent in 2012 and is forecast to grow by 7.2 percent in 2013.
Private equity stakes out Africa: Many private equity firms are adamant that Africa is the next hot spot for the industry as Africa's burgeoning middle class continues to grow. The pension and endowment funds who invest in private equity funds are more cautious. Over the last ten years, Africa’s economic output has increased threefold to $2 trillion and six African countries have been among the fastest-growing economies in the world. The allure of its young demographic profile and growing consumer class will continue to attract investors into sectors such as broadband and private housing. Investors need to see the possibility of attractive returns to compensate for regional, currency and management risk.

The electricity distribution in Africa

The true size of Africa

Drinks groups are in high spirits over Africa: There's a head-to-head scramble for market share in the expanding African drinks market. Western drinks companies consider the continent to be the most exciting emerging market due to its fast-growing economies, rising purchasing power and expanding populations. Africa, in short, is the new Asia for consumer goods companies. Africa is currently one of the most highly prized regions for global brewers.
Africa offers growth potential on a vast scale: There is a renewed interest in the African continent, particularly its financial sector. Banks are benefiting from economic growth and increasing banking penetration and there is great potential in the growing population of Sub-Saharan Africa. Three-quarters of Africans still do not have a bank account. Industry executives estimate that only 5% of people in the region have a credit card. The so-called “unbanked” are viewed by many Africa watchers as a key to unlock prosperity and economic growth.
Bankers and government officials hypothesize that as ordinary workers gain access to basic banking facilities and the emerging middle classes tap into sophisticated financial services, there should be a feedback loop towards greater spending and consumption, and hence further economic expansion.
 
A middle way?  By 2016 the market for healthcare in Sub-Saharan Africa will be worth $35 billion, according to a report by the McKinsey consultancy. Currently, however, this sector is hampered by a shortage of healthcare professionals; Africa is estimated to carry a quarter of the world’s disease burden, but has only 3% of the world's medical workers. The World Bank estimates that an additional 90,000 doctors and 500,000 nurses will be needed in the next few years.
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Lions go digital:The Internet’s transformative potential in Africa Many African countries have rolled out 3G networks, and planned infrastructure investments are likely to increase bandwidth, reduce costs, and connect new corners of the continent. If governments and private sector investors continue to build the right foundations, the Internet could transform sectors as diverse as agriculture, retail, and healthcare — and contribute as much as $300 billion a year to Africa’s GDP by 2025.
Investors Tap Africa’s New Sovereign Bond Markets: Entry into global bond markets is a significant episode in the African growth story, creating transparent financing toward upgrading infrastructure and connecting African economies to global capital markets. Sub-Saharan Africa's government dollar bond offerings are likely to influence improved standards and opportunities for domestic bond markets, while paving the way for the highly anticipated Diaspora bonds. These new global debt instruments, under discussion by governments and the African Development Bank, would be funded by the continent’s increasingly affluent middle classes.
Jake Bright On Africa: Africa is growing and modernizing and its global influence is rising. The movement towards technology in Africa started out of necessity. There are infrastructure challenges in Africa, one of which is banking. Compared to where Africa’s been, it is better to have foreign investments flowing in than not. Many are wondering which countries are going to adapt and create the most favorable environment for investments and make the most of them. The diaspora might be the thread that weaves all these subjects together as it’s becoming a huge economic power in the US. For Americans, everything they thought they knew about Africa is about to change.
Sub-Saharan Africa’s healthcare market to hit $35bn by 2016 – IFC:
The healthcare industry is set for huge growth, particularly in Africa, as Sub-Saharan Africa’s healthcare market (including Nigeria) is estimated to hit $35 billion by 2016, according to the International Finance Corporation (IFC) an arm of the World Bank Group. Health care provision accounts for half the investment opportunity, with the remainder split across distribution and retail, pharmaceutical and medical product manufacturing, insurance and medical education. Health investors believe the healthcare sector is well placed to take advantage of the expected growth on the African continent and to tackle the relatively high proportion of global disease in Africa.