Distribution Territory - AFRICA TRADING GROUP

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"Africa is the world’s fastest-growing continent…Last decade real income per person increased more than 30%...GDP is expected to rise an average of 6% yearly, over the next decade… Foreign Direct Investment: $46 billion in 2012… African trade with China increased from $11 billion to $146 billion…Financial crisis 2007-08: African growth rates did not dip as much as those elsewhere because domestic demand held up."
The Economist, March 2013

"No other continent has developed as rapidly in the last decade as Africa, where real economic growth was between 5 and 10 percent annually. In oil-rich countries, such as Angola, it was a possibly record-breaking 22.6 percent in 2007. A World Bank study shows that 17 of the 50 national economies currently displaying the greatest economic progress are in Africa. The gross domestic product of the continent as a whole -- over $1.7 trillion (€1.3 trillion) -- is nearly equal to that of Russia."
Spiegel International, November 2013

"Economic growth in sub-Sahara Africa is forecast to accelerate to 5.2 percent this year driven by increasing investment to…develop infrastructure, the World Bank said. Gross domestic product rose 4.7 percent in 2013, the Washington-based bank said today… citing Africa Pulse, a twice-yearly study it publishes. The outlook compares with a forecast in the October edition of Africa Pulse of 5.3 percent in 2014 from 4.9 percent last year. The region attracted foreign direct investment worth a "near-record" $43 billion last year, up 16 percent from a year earlier, fueled by oil and gas discoveries in nations including Angola, Mozambique and Tanzania, the bank said."
Bloomberg, April 2014

AFRICA TRADING GROUP

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