© 2014 by NAFTC Africa

Recommended: African economies to watch in 2017

January 6, 2017

As published online in Quartz Media, January 2017:

 

With the consequences of Brexit and an increasingly inward-looking United States still unfolding, 2017 is likely to be an economically tumultuous year. Some African countries, however, could see sustainable growth beyond the usual narrative of Africa alternatively “rising” and “reeling.”
 

“The countries that will be successful in 2017—whatever will happen in the global economy—are the countries which are diversifying their economies,” says Richard Attias, a consultant and former producer of the World Economic Forum in Davos.
 

Attias believes that countries that will enjoy real growth in the year ahead are those focusing on renewable energy, as well as those moving toward industrialization and manufacturing. New energy sources allow countries to build new industries while stabilizing their power grids and diversifying beyond fossil fuels. Manufacturing gets countries to process raw materials domestically.

 

Read the full article on Quartz Media.

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