While the rest of the world was rocked by the financial crisis and recession, Sub-Saharan Africa, with less to lose, has fared better than many other regions. The crisis was a setback, but the continent's diverse economic regions are expected to regain their footing in the coming year and experience strong growth relative to other parts of the world. Observers predict that governments will continue reform initiatives, infrastructure will improve and investors will put capital to work across the continent.
Indeed, for many investors, Africa represents one of the few regions still offering an opportunity for outsized gains. As a middle class begins to emerge in many African nations, once poverty-stricken countries will provide the high rates of return on investment earned recently in fast-growing economies, such as Brazil and China, that are now likely to grow more slowly as they continue to mature.
Africa's gross domestic product, which was increasing at double-digit rates in some countries before the crisis, is likely to grow by between 5.5% and 6% in 2010, according to the African Development Bank.
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