From Ghana in the west, to Ethiopia in the east, to Mozambique in the south, Africa's economies are growing, and even faster than those in almost any other region of the world.
Although severe income disparities persist on the continent, a middle class is emerging. According to Standard Bank, which operates across Africa, 60 million African households have annual incomes greater than $3,000 at market exchange rates. African countries are shifting away from being aid-dependant to increasing trade and investment ties with the world. The Economist reports that trade between Africa and the world has increased by 200 per cent. China's trade with Africa reached $166.3 billion in 2011, according to Chinese statistics. The World Bank said in a report this year that “Africa could be on the brink of an economic take-off, much like China was 30 years ago and India 20 years ago”. With Africa's population set to double to 2 billion in 40 years, huge opportunity exists in Africa.
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