Why Africa is ripe for growth

Most investors will remember the basic economic premise that to make ‘economic profit', it is necessary to have three things: land, labour and capital. Most of us remember stories from our school days of how the three of these came together in northern England, among other places, to form what we now know as the industrial revolution. What many people will not be aware of is the extent to which Africa now has these three factors in place and how they are fueling an explosive growth in the region's development. Factor one: land The map to the right is drawn to scale: it is indeed ...