Africa is one of these key regions, displaying a quickening growth in all sectors from commerce, to culture and politics. An educated middle class and the spread of democracy and globalized trade means Africans are spreading their wings and reaching new heights.
In particular, the continent is experiencing steep economic growth: over 34% of Africa is now middle class and enjoying unprecedented levels of disposable income. Forbes’ 2011 inaugural list of the 40 Richest People in Africa is a testament to the growing global importance of the continent. Fortunes are being created everywhere, from South Africa clear north to Morocco and Egypt, in a diverse array of industries, by companies that cater to local tastes or worldwide needs.
This economic boom has meant a variety of things, including the expansion of mobile phone use beyond communication to banking. New mobile apps are driving the juggernaut of crowd sourcing power to the masses in a variety of sector, agriculture, tourism, health, but to name a few. There are also other technological advancements including the first African designed Smart Phone (Congo DRC), and electronic car (Uganda). All this growth has created a boom across Sub Sahara in African proud art, music, fashion and entertainment. Africans are expressing their joy and creativity while also defending their political rights to live peacefully and respectfully with each other and their neighbors.
The African Economist was launched to capture this new and exciting breath of fresh air. We aim to provide a platform to the millions of people speaking up and to encourage excellence across this amazing continent.