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Home » Africa Business: From 'Hopeless' to Land of 'Growth Miracle'

Africa Business: From 'Hopeless' to Land of 'Growth Miracle'

August 13, 2014
Los Angeles Times

Not only are some of SolarReserve's biggest projects in South Africa, but by year's end the continent is also likely to generate the bulk of the company's sales. "We're now spending a whole lot more time" in Africa, he said, mentioning Ghana, Nigeria and Mozambique, among others.

Sub-Saharan Africa still struggles with political unrest, poverty and disease, including the current Ebola outbreak in West Africa. But the last decade has brought a sea change in its economic performance and perceptions of its future promise. In 2000, Economist magazine dubbed Africa "the hopeless continent." Today, scholars talk about the "African growth miracle."

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KEYWORDS African FDI African trade Business Strategy Alignment Food and Beverage Global Logistics Global Supply Chain Management Global Trade Management international trade logistics & supply chain Los Angeles Times Middle East/Africa Supply Chain Analysis & Consulting Supply Chain Management supply chain management: Middle East/Africa
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