The African continent's economic pulse has quickened, creating a dynamic African business sector with ample commerce opportunities empowering countries across the continent to achieve greater economies of scale, increased investment and become more competitive. While the momentum of the growth of Africa is widely recognised, how does one know where this growth comes from and how long will it last?

Africa’s collective GDP growth accelerated over the past decade, reaching 1.6 trillion in 2008 - a level similar to Brazil or Russia. Several trends have been responsible for this growth surge. The research isolated these trends into four main forces driving the economic development of the continent, namely: Africa’s growth acceleration over the past decade; stable macro-economic and political environments; widespread, pro-business reforms and increasing productivity and innovation.

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The full article is available in the February/March 2012 Issue of Business Brief and is available in the online magazine. To access this magazine, click here to subscribe