low rank coals moving up the ladder, page-4

Many people would struggle to believe that since 2001, sub-Saharan Africa has grown in excess of 5.4% pa with virtually negligible outside investment – and any real improvement in infrastructure. What is also surprising is that gross growth number also includes a number of countries that have gone backwards at a rapid rate of knots.

The best macro research I have seen on this is by Standard Chartered (hello Iranian laundary). The reckon in the next decade whilst the rest of the world will be struggling to be above zero GDP/GNP growth, this sub-Saharan Africa will be growing >7.1% pa (love the point 0.1) in the coming decade. In that respect, West Africa is probably the largest surprise of them all.