CATEGORY: Economic Roundups
Long-time observers of African markets know that the devil is in the details.That the continent's biggest economies offer enormous potential to investors is no secret. In recent years, headlines have trumpeted the arrival of African economies on the global stage, backed by impressive macro indicators. GDP growth forecasts for the region in 2015 are high, surpassing 7% in countries like Nigeria and Côte d'Ivoire, while domestic consumption rates are rising. Structural reforms are helping reduce current spending, devolve policy planning and improve fiscal sustainability from Cairo to Accra.