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Showing posts with the label African investment

TONIGHT ON THE TERRORDOME: Want to Get Rich? Invest in Africa

6 pm FM88.5 E-Town cjsr.com worldwide Tonight is part 3 of our series on African economic development . Prevailing stereotypes depict 54 African countries as if they were a single country, and an economic basket case at that. While of course, poverty continues to afflict hundreds of millions across the continent, economic realities vary considerably. There are nearly 1 billion people on the continent. According to some reports, cell phone use is more widespread in Kenya than it is in Canada. Materially, Africa is the richest continent, selling more oil to the US than does the Middle East . Modern technology, from DVDs and digital cameras to laptop computers, would be impossible without coltan , mined almost exclusively in the Democratic Republic of Congo. Shocking to many, GNI or gross national income per capital is higher across Africa than it is in India. At least a dozen African countries have a higher GNI per capita than China . And as the continent’s middle classes grow, telecom...