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M$1.00  Funded By Mahalo ? |  April 28, 2009 03:09 PM

What is causing Africa's economy growth?

In 2000, Africa's economy started to grow. What were the economic factors causing this growth?
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pats pats
 
 April 28, 2009 03:37 PM
The main causes are:
Oil, Mining and Tourism.

But the African economic growth is projected to decline by 50% in 2009 due to the current global financial crisis.

Oil exporting African countries like Angola, Nigeria will highly be affected due to the decline of oil demands at the international market.

The financial crisis will affect, among others, the economies of commodity exporters like DR Congo, Zambia and South Africa and tourism economies such as Kenya, Mauritius, Tanzania, Rwanda and Kenya.
Source(s):
http://emergingminds.org/African-economic-growth-to-drop-by-50-in-2009.html

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