Tracking Africa’s growth, GE maps the continent

Quartz and GE put together an interactive graphic here to track trends across the continent. Click on individual countries to get data on ease of doing business, GDP, foreign direct investment and population. The data shows that more than half of the population in Africa is under 20-years-old, 24 countries in Africa have GDP growth above 5% and the size of sub-Saharan Africa’s economy has quadrupled since 2000.

The post says the data “reveals a diverse, complex portrait of the continent’s economic progress.” The GE sponsored post also says that while the interactive graphic illuminates the huge opportunities for doing business on the continent, there are some challenges.

GE says it plans to increase its activities in Africa with a focus on developing partnerships, supporting local innovation and investing in healthcare, power, infrastructure, and energy businesses.

From regional technology hubs spawning digital entrepreneurs to centers of capital drawing global interest, the African development story is still being written.Quartz, GE

Foreign direct investment into Africa is overall rising. fDiIntelligence, a data division of the Financial Times Group, reported that Africa received the largest increase in investment globally in 2014, with $87 billion foreign direct investment announced. Egypt, Angola, Morocco, Ghana and Zambia rose to the top 10 destinations for capital investment in the Africa and Middle East region in the year. However, the number of FDI projects in South Africa declined by 15% on the year, in Kenya by 12% and in Nigeria by 4% while they increased in Mozambique by 67%, according to the fDiIntelligence report.

 

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