High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft to buy additional rights. ft/cms/s/0/817df4c2-35c0-11e3-952b-00144feab7de.html#ixzz2v4EkjL1z The International Monetary Fund forecasts that the sub-Saharan African region will be the second fastest growing in the world in 2014, behind only developing Asia, which includes China. Such robust economic growth means that Africa is moving away from being “just a low-cost production centre” into also a demand centre, says Sunny Verghese, chief executive of Singapore-listed Olam. “Africa’s economic growth over the last decade has been above trend, only next to Asia,” he says.
Posted on: Wed, 05 Mar 2014 06:32:56 +0000
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