Africa Thriving Despite Downturn in World Economy

With it’s stock markets up and trade booming like never before, Africa as a whole is actually doing quite well. Meanwhile, much of the world seems to be suffering from mortgage crises and collapsing housing markets.

It used to be that when the U.S. economy sneezed, the rest of the world caught a cold. Today, with globalization, everybody has a pretty bad flu — except for Africa, where many of the more than 20 stock markets are reporting gains similar to those of the Nigerian exchange. I’ve been working on a film exploring Africa’s frontier markets for the past couple of years, and the returns I’ve found can only be described as eye-popping. African markets have outperformed Standard & Poor’s 500-stock index and many other indexes over the past decade. I’ve met people who have doubled and even tripled their investments.

Read the full story at the Washington Post