GDP of African countries. Credit: Knoema/The Market Mogul
The “Africa Rising’’ narrative has been put on hold, due to a couple of macroeconomic factors impacting the economic growth of the giant countries of Africa. Gone are the days when investors throw money at just any industry, institution or idea simply because of its “emerging market context”.
Nevertheless, countries like Nigeria (currently in recession) and South Africa still lead the pack in terms of GDP and investment inflows (in Q3 2016) when compared to other African countries.
Read more: Africa Rising: What Investors Want to Hear – The Market Mogul