| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Global Economy Last Updated: Dec 5, 2011 - 5:37 AM


Prosperity beckons for Africa with its rising middle class
By Finfacts Team
Dec 2, 2011 - 8:36 AM

Email this article
 Printer friendly page

Prosperity beckons for Africa with its growing middle class. This is important because the history of resource extraction in Africa and elsewhere, is a history of plunder. The big opportunity facing a lot of Africa is its natural resources with commodity prices high, and over the next decade that will result in a lot of natural resource discovery. However, the true test of progress in the continent is whether new riches trickle down from the elite to create consumers to sustain growth in manufacturing and services.

There is evidence of change in progress and mobile phone use has grown faster in Africa than in any other region of the world since 2003, according to the United Nations Conference on Trade and Development.

While South Africa—the most developed nation—still has the highest penetration, across Africa, countries have leapfrogged technology, bringing innovation and connectivity even to remote parts of the continent, promoting mobile banking and changing the way business is done.

To continue reading this article, subscribe to Finfacts Premium for the low annual charge of €25.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone.  If you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to  support the service.

This article can be accessed here.

Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Global Economy
Latest Headlines
Bad week for Russia; More sanctions and $50bn Yukos bill
French economist hails progress against tax evasion; Swiss banks will continue to cheat
IMF says global recovery continues but it cuts 2014 forecast
Dublin's Grafton Street 23rd most expensive country ranking retail location in world
Governments have collected €37bn from personal tax haven evaders since 2009
Global investors’ love affair with Europe is in question…
Island states dominate global e-trade; Australia, UK & Japan in top 5 of G20 countries
Greasing the wheels of energy and food supply
Composite leading indicators continue to point to stable growth momentum in OECD area
IMF's Lagarde says global "recovery remains modest and fragile"
Global markets euphoria not reflection of economic reality; Warns on ultra-low rates
IMF: Developing economies are victims of corporate tax avoidance
FDI: Ireland not among prospective host sites of top global companies
Global Manufacturing: UK lowest cost location in western Europe; Brazil one of highest-cost countries
Global investors have regained an appetite for risk says survey
Banks no longer seek ‘Swiss solution’
Great Recession impact on potential growth as if German economy vapourised
Global Fraud Survey: Cybercrime a concern for Irish business executives
World Bank cuts global economic growth forecast after ‘bumpy’ 2014 start
Composite leading indicators suggest weakening in most major emerging economies; Stable in OECD area
Emerging markets remain stuck in low gear in May
US heads 2014 FDI Confidence Index; 11 European countries among top 25
Global manufacturing activity improved slightly in May; Pace below Q1 2014
Merchandise trade declines across most major economies in first quarter of 2014
Global travel city survey puts Tokyo on top, Beijing among laggards
Competitiveness 2014: US leads; Europe recovers and big emerging markets struggle
US companies take top 10 positions in global brand ranking
Singapore world's most business-friendly location; Followed by Switzerland & Hong Kong
Germany stands out among countries where immigration rose in 2012
Global growth fears rise as wages stagnate in Eurozone and elsewhere
Fund managers scale back risk-taking in May; German economic sentiment slides
Corporate Tax Avoidance: US may join China in alliance on sharing information
Emerging market output growth remains weak in April
Switzerland: The trouble with travellers
Switzerland, Singapore join OECD agreement to end bank secrecy for tax evasion
OECD urges European Central Bank to cut interest rates
Handful of European tax havens key to pressuring Russia on Ukraine
Too old to work, too young to retire
Swiss Pay 2002-2012: Top 10% get more than double rise of lowest 10%
The changing face of global banana trade