Tuesday, December 28, 2010

The African Miracle


How the world's charity case became its best investment opportunity.

Not so long ago, the world lamented its broken continent. "The state of Africa is a scar on the conscience of the world," declared British Prime Minister Tony Blair in 2001 -- and his was a common refrain. Civil war, economic stagnation, and a high disease burden seemed irreversible, condemning the region to perpetual poverty.

A decade later, however, Africa has outgrown the gloom and doom. Far from the misery-stricken place so often portrayed, Africa today is alive with rising urban centers, a growing consumer class, and sizzling business deals. It's a land of opportunity.

See full Article.