Economic Grid - August 2019

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The World Bank projects that the economic growth of Sub-Saharan Africa will to pick up to average 3.6 percent in 2019–20. Growth is forecasted to be robust for non-resource intensive countries on the continent. This slow but steady growth has seen global businesses clamouring to do business with Africa.

“Part of the appeal of Africa post-2008 was the relative unattractiveness of Europe, North America and other First World economies. While they were reeling under the woes of negative growth, Africa’s worst economic day was slower growth, never recession; except for the likes of South Africa,” says Victor Kgomoeswana in his book Africa is Open for Business: Ten Years of Game-changing Headlines. African countries also introduced business regulatory reforms that have improved their business environments.

Read about this and more in our first edition of Economic Grid, Afrasia Edition