Africa has indeed turned the corner. A
continent once synonymous with
death, disease and destruction is
showing signs of improvement. Virtually unscathed by the global
financial slowdown, the African
continent boasts some of the fastest
growing economies in the world.
Nigeria, Ghana and Tanzania are some
of the countries leading the way in this exclusive economic growth club. With
a combined population size of 1 billion,
70% under the age of 30 and an
annual spend of $600 billion, the
African continent is an attractive
business proposition for any investor. It comes as no surprise then that the
U.S. is making huge strides to
accommodate Africans. Hosting one of
the largest gatherings of African
Leaders in Washington, the U.S. is
showing the world -- and sending a signal to its closest rival, China -- that it
can and will have African influence,
which it can convert into commercial
opportunities that can translate to
receipts. Chinese dominance The acceleration of China across Africa
has been breathtaking. A long
standing business relationship with
the continent has translated to huge
trade volumes in excess of $200 billion
in 2013, doubling what the U.S. achieved in that same year. Read this: Twitter reacts to U.S.-African
Leaders Summit Taking the world by surprise, a
liberalized African continent voted with
its feet changing suppliers -- re-
affirming China's dominance, with the
U.S. fast closing the gap; the
Washington conference is confirmation of President Obama's new ambition in
making up lost ground. Challenges Security challenges facing the African
continent are huge. Africa is by no
means a picnic. The U.S. government
will have to put security at the top of it
agenda as American businesses
expand operation across the African continent. Instability in Libya, Central African
Republic and extremist Islamic groups
can be a constant threat. Doing
business in Africa will have its hazards;
the business environment can be
harsh and unforgiving. Yet, despite these challenges, exceptional growth
figures in Nigeria prove that despite
repeated and sustained attacks by
militant group Boko Haram, Nigeria is
still considered a thriving hub for
businesses worldwide.
Source-CNN

With all there challenges, militants, insulgents, oil theft, kidnapping, etc, Nigeria is still waxing strong. What of a situation where there challenges become history. We shall surely get there.