While countries such as China have experienced rapid economic growth in the last 30 years, many African countries have struggled to match these rates. However, this is changing. With over 1 billion people living in more than 50 countries, the growth opportunities in African markets are attracting interest from around the globe. Africa is a resource-rich continent, and China has invested heavily in the area over the last decade.
Currently, the combined gross domestic product (GDP) of all the countries in Africa is about 30% of that of the USA. But with average growth rates of around 5%, African markets are becoming increasingly more lucrative for outside investors. It is estimated that the combined GDP of the continent will top $30 trillion by 2050.
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