Along with many other emerging markets, many African countries, on the back of increased political stability and the recent commodities boom, have experienced tremendous growth over the last decade. And while Africa has by no means escaped the global economic downturn, the Organisation for Economic Co-operation and Development has still predicted growth at 2.8% for 2009, albeit against an original expectation of 5.7%.
December 01, 2009 at 10:46 PM
1 minute read
The original version of this story was published on Legalweek
Along with many other emerging markets, many African countries, on the back of increased political stability and the recent commodities boom, have experienced tremendous growth over the last decade.
And while Africa has by no means escaped the global economic downturn, the Organisation for Economic Co-operation and Development has still predicted growth at 2.8% for 2009, albeit against an original expectation of 5.7%.
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