Africa is rising
Africa’s narrative is rising and things are steadily improving according to Galileo Capital chief executive officer Theo Vorster who spoke at a Business 7 breakfast hosted by Namibia Media Holdings (NMH) this morning.
According to Vorster, there are two factors that are going to propel Africa’s economy forward and include an increased urbanisation rate and changing demographics.
“The narrative of Africa and what we see is not the case. There is no way you can tell me there is no future for Africa, forget about the old Africa,” he said.
Revealing growth figures, Vorster revealed that Africa’s Gross Domestic Product had shown a steep improvement from US$587 billion to US$2 trillion over a 13-year period. On rising population, Africa’s GDP/per capita also painted a positive picture, closing at US$1 866 in 2013 against US$720 observed in 2000.
According to Vorster, the Sub-Saharan African economy is expected to double in the next 15 years and compared the sub-region to India in the 70s.
“That must be wonderful if you work in Africa. All the indicators are there that it will double. If we get a few things right, the size of the economy will double,” Vorster said with surety.
OGONE TLHAGE
According to Vorster, there are two factors that are going to propel Africa’s economy forward and include an increased urbanisation rate and changing demographics.
“The narrative of Africa and what we see is not the case. There is no way you can tell me there is no future for Africa, forget about the old Africa,” he said.
Revealing growth figures, Vorster revealed that Africa’s Gross Domestic Product had shown a steep improvement from US$587 billion to US$2 trillion over a 13-year period. On rising population, Africa’s GDP/per capita also painted a positive picture, closing at US$1 866 in 2013 against US$720 observed in 2000.
According to Vorster, the Sub-Saharan African economy is expected to double in the next 15 years and compared the sub-region to India in the 70s.
“That must be wonderful if you work in Africa. All the indicators are there that it will double. If we get a few things right, the size of the economy will double,” Vorster said with surety.
OGONE TLHAGE
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