Newscast Media BANGKOK—African states dream of emulating the Asian tigers and
become industrialized nations as soon as possible. But experts say that the so-called
“African lions” need more than high growth rates to achieve their goal.
The economies of Sub-Saharan Africa are booming. The World Economic Forum
estimates the economic growth rate of the region to be more than 5 percent in 2014;
growth in some countries, such as Nigeria and Ghana, is expected to be even higher.
Nigeria is now Africa’s biggest economy.
Affluent and consumer-oriented upper classes have emerged in many big cities, where
glass office towers dot the landscape. CONTINUE TO FULL STORY>>