Truemors
Africa is doing well with 5 - 6 % growth 2008
The subsaharan Westcoast with Ghana, as 15 years young business center is developing independant of the credit crisis. Accra will become the first manufacuring place for Renewable Energy, in special solar PV photovoltaic with chinese and european companies starting local production. African entrepreneurs assembly LED solar lanterns now.
Africa is widely regarded as a world leader by measure of basket-case symptoms — war, disease, famine and humanitarian disaster. The continent has a greater share of its people mired in poverty than any other, and hosts the world's two greatest humanitarian crises, Darfur and Somalia.
Africa, considered the main stream economy for growth; UK comment during Bailout crisis.
Mo Ibrahim Celtel cellphones for Africa
One most famous african entrepreneur Mo Ibrahim with mobile phones company Celtel, started in 1998 to work exclusively in Africa, there were just 2 million cell phones on the continent. When he sold it seven years later, there were more than 100 million.
So it may come as a bit of a surprise to many that much of Africa is doing rather nicely, in some cases recording healthier economic expansion than in the industrialized world. Even amid the financial meltdown in the West and dire predictions of global recession, the International Monetary Fund estimates that Africa will post economic growth of 6.5% this year, although the world credit crisis could trim that to 5%. And the Organization for Economic Cooperation and Development reports that a larger share of the money coming into Africa since 2006 has been investment by entrepreneurs seeking profit rather than aid
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