Sunday, July 08, 2012

Africa investing in Africa

TPMBarnett links to a WSJ article about the decrease in overseas investments due to the recession, but notes the increase in the number of Africans investing in their own continent.

But the good news of the piece: Africans themselves have picked up a decent portion of the slack, which is quite encouraging.
Total self-sustainable liftoff?  Hardly.  Africa's great hope of the past few years is that rising Asia (and other developing risers) might provide a sustained demand for materials that the West, in its more isolated boom-and-bust cycles of the Cold War, ever could.

key illustration:

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