Africa: Four Predictions for Africa's Economy in 2014

30 November 2013
opinion

Even though as a country we are largely inward looking, I believe our fortunes are inextricably linked with the rest of the continent. Here are my four predictions on what the year 2014 will hold for Africa.

1. A faster economic growth. The economic growth in the continent will continue to pace at more than five per cent. However, the key challenge will be how to make sure the economy translates to jobs that provide increased incomes, and not just a growth where only the elite and the super rich benefit. A report by the Ventures magazine not too long ago showed that the number of African billionaires is rising, and many are also undocumented, fuelling claims of ill gotten wealth being siphoned off abroad or hidden in safe tax havens.

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