Amidst all the global effort and resources aimed at improving the lives of women, there is one vehicle for change that does not often figure into the discussion: the businesses that employ them. Small and medium sized enterprises (SMEs) represent the majority of businesses that put women to work, which [...]
This Changemakers article is Part Three of a three-part series focused on SME investment opportunities in Sub-Saharan Africa, also featured on Social Edge and Changemakers.
All eyes turned to Africa as the continent played host to the FIFA World Cup for the first time in the competition’s history. That might be over; but beyond the excitement of the football, an important economic story is also unfolding.
Africa’s GDP, up 4.9 per cent per annum in real terms between 2000 and 2008, has been accelerating at more than twice the rate of growth the continent achieved in the 1980s and 1990s. The size of the region’s 53 individual economies, as measured by GDP, now collectively bear comparison with Russia and Brazil. And beyond the thriving resources sector, so vital to a continent with 10 per cent of the world’s oil and 80 to 90 per cent of metals such as chrome and platinum, industries from telecoms and banking to retail and construction are quietly flourishing.
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