Sub-Saharan Africa region will surpass the BRIC's



Robert Burgess : Economist
The eight countries that make up the specific area expected to grow at a breakneck pace include Angola, Ghana, Kenya, Nigeria, Senegal, Tanzania, Uganda, and Zambia. The eight nations represent 45 percent of sub-Saharan Africa and 61 percent of its economic output. Combined, their GDP is roughly equivalent to that of Poland. Over the last ten years, real-GDP growth has increased from 3.0 to 6.6 percent, rivaling BRIC expansion at 6.6 percent, and topping the 4.9 percent growth seen in emerging Asia.
Capital markets in sub-Saharan Africa are relatively small, with the largest—the Johannesburg Stock Exchange—eight times larger than the other indices in the region. The JSE has a market cap of $665 billion. However, chief economist Burgess believes that "capital market development and economic growth tend to go hand-in-hand, and the prospects for the latter look relatively bright." More so, the region's revival seems poised to continue, Burgess says.


Platt, E., Boesler, M. and Nisen, M. (2012) THE GLOBAL 20: The Big Trends That Are Changing The World, [online], Available: http://www.businessinsider.com/the-global-20-2012-5?op=1#ixzz2KodA9Ynn


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