The Arab Spring continues in Algeria.
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South Africa's woes deepen.
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The African continent contains some of the fastest growing economies in the world. Collectively, growth in Sub-Saharan Africa alone is projected to climb to an average 3.6% in 2019–20, up from 3.1% in 2018, according to the World Bank. Yet it is also home to many of the poorest countries, with the lowest GDP per capita. With its fast-growing population, rapid urbanization, and expanding middle class, the potential for further economic growth in Africa is enormous. But there remain many barriers to realizing anything near the continent’s full potential.
A free trade pact, new infrastructure investment, and diaspora bonds are some of the ingredients in Africa’s recipe for economic expansion.