A major article in the Boston Globe reports,
By many standards, Africa is doing better than it has in decades. The number of democratically elected governments has risen sharply in the past decade, and the number of violent conflicts has dropped. African economies, and African businesses, are starting to show impressive results, and not just by the diminished standards the rest of the world reserves for its poorest continent. The runaway inflation that crippled African economies for decades is on the ebb, and foreign investment is rising. Last month, the World Bank reported that average GDP growth in Sub-Saharan Africa has averaged 5.4 percent over the last decade, better than the United States, with some countries poised for dramatic expansion.
“For the first time in a long time, you have the potential that a handful of countries could break from the pack and become leopards, cheetahs, or whatever the African equivalent of an Asian Tiger would be,” says John Page, the World Bank’s chief Africa economist, referring to the nickname given East Asian nations like Taiwan and South Korea because of their double-digit growth in the 1960s, ’70s and ’80s.”
Meanwhile, over in Mali, the Bamako beat is taking the world by storm. Travel Dynamics International is very excited to show you Africa — the real Africa, changing and growing — during our extraordinary cruises to this fantastically varied continent.