Sub-Saharan Africa is the world’s largest free trade area by virtue of its 1.2 billion people-strong population.
But you may even question the usefulness of such statistics if you paid attention to the shenanigans pulled by some of the bigger economies in discussions prior to the ratification of the Africa Continental Free Trade Area (AfCFTA) agreement earlier this year.
Or even Nigeria’s insistence on protectionist practices recently.
These isolated blight spots notwithstanding, individual countries are topping the global macroeconomic growth tables. According to the World Bank, five of these countries are in the global top 10.
There has always been the hope that Africa’s growth would make qualitative changes in the lives of its people. One way this can happen is when foreign direct investment targets unrealized potential.
These five countries with accelerating economies present just what the investors ordered.