Don’t Look Now, but Sub-Saharan Africa is Booming

Don’t Look Now, but Sub-Saharan Africa is Booming

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Malawis use technology to predict weatherSince 2003, growth has been skyrocketing in sub-Saharan Africa, fueled mostly by the rise of cellphones. It’s a glorious wave of change, sweeping across a continent that had stagnated for decades.

“Today the rate of return on foreign investment in Africa is higher than in any other developing region.”

For the first time, it is possible to seriously consider Africa as an emerging economic power.

(READ the story from TechCrunch)

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