African markets are relatively small and new to Taiwan, but their strong economic growth could turn them into drivers of the country’s exports, Taiwan’s main trade promotion body said Tuesday.
Africa, along with other emerging markets, has great business potential and remains among the fastest growing markets in the world despite the global economic slowdown, the Taiwan External Trade Development Council (TAITRA) said.
Citing a report by the World Bank published in April, TAITRA said economic growth in sub-Saharan Africa is likely to average more than 5 percent from 2013 to 2015 as a result of high commodity prices worldwide and strong consumer spending on the continent.
In 2012, about a quarter of African countries grew 7 percent or more, and several of them, notably Sierra Leone, Niger, Cote d’Ivoire, Liberia, Ethiopia, Burkina Faso and Rwanda, were among the fastest growing economies in the world…
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Dr. Bukar Ali USMAN, mni 