"Africa has the capacity to become an economic superpower "

- Nicholas Wales

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businessinsiderssa

2024-03-28 17:57:21

and unlike many countries in the west including britain
africa is not saddled with debt
the british debt is eighty seven percent of the british gdp
or the african debt is only nine percent of their gdp
or but two countries in africa could pay off their debt within one year
so the potential is already that and the growth is already beginning
even now after is the conscience in the world the fastest economic growth
the gdp per capita of sub-saharan africa
is expected to rise by eight hundred percent
from twenty twenty to twenty fifty
anyone who doubts africa can make quick economic progress like this should look at the economic history of the us
in nineteen seventy seven the us economy was the same size as the african economy is today
and since then the american economy has grown by a massive eighteen point four one nine trillion dollars
and with africa having more natural resources than the us
is progress in the next forty years could be even more spectacular
so if you are someone here today thinks africa will never catch up with the rest of the world
i want to say the eu will be proved wrong
with its mammoth population
massive potential
and amazing stores of resources
within your lifetime
africa will become an economic superpower
thank you