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Did you know?
In 1989, only five sub-Saharan African countries had stock markets. Today, there are over 20 stock exchanges in Africa. Between 1992 and 2002, the capitalization of African stock markets more than doubled from $113 billion to $245 billion.
Since its independence in 1966, Botswana has had the fastest growing per capita income in the world, and it has the highest sovereign credit rating of any African country.
The AT Kearney 2007 Foreign Direct Investment (FDI) Confidence Index ranks 15 emerging markets in the top 25 investment market destinations. South Africa was ranked at 18.
Goldman Sachs considers Nigeria and Egypt among the next 11 quickly emerging economies (N-11). At its current rate of growth, Nigeria is projected to overtake both markets in Italy and Canada by 2050.
There is money to be made in emerging markets; between 1990 and 2005 private capital flows in the 94 global emerging markets rose from $25 billion to $300 billion.
There are 200 million cell phones in Africa today. None of these phones were a cost to the government—but taxes on them create enormous government revenue.
In 2006, foreign direct investment inflows to Africa doubled since 2004 to around $39 billion.
In the last six years, Africa has had the longest run of prosperity since independence. It has grown at 5.5% percent. And some countries are ready to achieve the kinds of successes that have been seen in Asia.
The fastest growing economy in the world from 1960 to 2001 was Botswana. China and Singapore were tied for third.