When it comes to investing around the globe, most investors take a detour around Africa, but experts say that's a mistake.
Over the past decade, Africa has been the second-fastest growing economy in the world, with GDP accelerating more than 5% a year on average, according to the World Bank.
And even as the global economy has slowed in recent months, growth in Africa has largely remained on track, with the World Bank predicting the continent could be on "the brink of an economic takeoff, much like China was 30 years ago, and India 20 years ago."
Africa's natural resources are certainly a big driver of the growth, but an even bigger factor is the continent's rising consumer class.
- 2Chicago PMI drops sharply in July
- 2U.S. Could Move to Sanction Russia Derivatives, Short-Term Funds
- 2U.S. Stocks Slide as Exxon, Whole Foods Fall on Results
- 2U.S. jobless claims up, wage growth starting to push higher | Top Forex Brokers
- 2Jobless Claims in U.S. in Past Month Drop to Eight-Year Low
- 3Stock market live blog: Dow erases gain, but S&P still up; Fed statement fears get the blame
- 2Economy in U.S. Grows More Than Forecast
- 2Treasuries Drop, Metals Rise After GDP; Stocks Pare Gains
- 2Dollar Rises to 4-Month High as U.S. GDP Tops Forecasts
- 2ADP Says Companies in U.S. Boosted Payrolls by 218,000
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar ecb economy eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news forex trading fx gbp/usd gold google greece imf japan obama oil pound spain stock stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen