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After the Asian tigers, will it be the turn of the African lions?

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Sub-Saharan Africa is likely to remain the second-fastest growing region after Asia in the near future, predicts Sanusi Lamido Sanusi, governor, Central Bank of Nigeria, but “we can catch up with Asia, as the prospect of Africa as the last unexplored territory in the world and the potential of growth remain.”

For this to happen, Sanusi says Africa needs to put in place the right policies, address its infrastructure deficit, and provide the right environment and incentives for businesses and capital to come in. “That includes policy consistency, political stability, the fight against corruption, and improved efficiency in business processes. If we did the same thing that the Asians, such as the Indonesians and the Malaysians, did and if we did it right, we should be able to repeat the experience.”

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en

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http://knowledge.insead.edu/africa-potential-for-growth-101015.cfm?vid=484

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