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Emerging from the frontier
Nov 21st 2012 | | The Economist from The World In 2013 print edition | by Ngozi Okonjo-Iweala, Nigeria’s finance minister and co-ordinating minister for the economy

Africa’s growing economic ties with the BRIC economies, particularly China, are well known. As an example, the continent’s trade with China increased from about $10.6 billion in 2000 to $166 billion in 2012. In my own country, Nigeria, trade with China increased over the same period from less than $1 billion to $7.8 billion. In 2013 China will become the greatest influence on the continent as its new leaders deepen the strategic relationship with Africa beyond natural resources. At the same time, civil-society organisations in Africa will demand greater transparency from China in government-to-government relations, and more community engagement from Chinese companies.
Africa will become the next preferred destination for labour-intensive manufacturing

I see many opportunities here for private investors in Africa. As Asia’s economies slow and its wages rise, Africa will become the next preferred destination for labour-intensive manufacturing of products such as garments and shoes. Its large domestic market of 1.2 billion people will serve as a further attraction for low-cost, light manufacturing.
China  frontier_markets  emerging_markets  women  South-South  Africa  private_equity  BRIC  infrastructure  Nigeria  Ethiopia  Angola 
january 2013 by jerryking
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