Africa yo te estoy llamando a ti – Africa eclipsing BRICs in Growth?

Ella baila la portugueza
Estoy llamando a todas las morenas
Y las llamada la viene da la luz
Con calma se baila esta danza
Y con amor canto yo esta cancion
Africa bamba ase a un lado a la tristeza
Y otra mas dulce no la podras encontrar
– Santana, Africa Bamba

The Economist notes that many African nations are exceeding the BRICs (except for China) in growth, but with Brazil’s historical and cultural relationship to Africa, this may bode well for Brazil as well…

“MUCH has been written about the rise of the BRICs (Brazil, Russia, India and China) and the shift in economic power eastward as Asia outruns the rest of the world. But the surprising success story of the past decade lies elsewhere. An analysis by The Economist finds that over the ten years to 2010, no fewer than six of the world’s ten fastest-growing economies were in sub-Saharan Africa (see table). The only BRIC country to make the top ten was China, in second place behind Angola. The other five African sprinters were Nigeria, Ethiopia, Chad, Mozambique and Rwanda, all with annual growth rates of around 8% or more. During the two decades to 2000 only one African economy (Uganda) made the top ten, against nine from Asia. On IMF forecasts Africa will grab seven of the top ten places over the next five years (our ranking excludes countries with a population of less than 10m as well as Iraq and Afghanistan, which could both rebound strongly in the years ahead).”

Published by Janar Wasito

Janar Wasito is the manager of Magis Capital in San Diego, CA. He is a graduate of Harvard and Stanford Law School, and a former Marine Officer.

3 thoughts on “Africa yo te estoy llamando a ti – Africa eclipsing BRICs in Growth?

  1. To understand Africa, for its diversity, will be quite a challenge. I wonder what country will be better equipped to do so. Lula did make to efforts to get closer to the continent. Brazil does have some culturel ties. It could be an opportunity to Brazilian companies.


  2. An economist is skilled which will know tomorrow why the items he predicted yesterday didn’t happen today.
    The truly great leaders are similar to the top conductors – they reach past the notes to achieve this wonderful time inside the players.


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