African Countries Recalculate GDP, Find Much Higher Numbers

Kenya's is the latest in a series of rebasings that have reinforced investors' perception of the area's growth potential. Even as Ebola ravages West Africa and as the Democratic Republic of Congo is still recovering from a devastating civil war, many of the other economies in the region remain dynamic: The International Monetary Fund predicts sub-Saharan growth will be 5.8 percent next year, up from an estimated 5.1 percent for 2014.

Many of the area's governments issue bonds that look like good bets based on that projected growth. “Africa's the final frontier among emerging markets for high yield,” says Brett Rowley, emerging-markets sovereign analyst for TCW Group in Los Angeles.

Read more: African Countries Recalculate GDP, Find Much Higher Numbers – Businessweek.

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