April 1, 2019News Analysis: A New Paradigm for U.S.-African Relations – African Regional CapitalismBy Mekki ElmograbiKHARTOUM, Sudan – Capitalism is quietly transforming Africa. In fact, these economies are rated among the best ten African countries for investors, according to Venture Africa Report 2019. The combined GDP of Africa’s 54 nations is $2.24 trillion, according to the most recent data from the African Development Bank. There are generally two approaches to African economic development. This new approach I call “African Regional Capitalism.”AFRECAP: African Regional CapitalismAfrican Regional Capitalism reflects the need to shift from emergency and authoritarian-linked development to investment and the private sector.

Source: The North Africa Journal April 01, 2019 11:03 UTC