Tuesday, March 31, 2009

Africa Booms

According to a forecast by the International Monetary Fund reported in Fin Week, a list of the world's top ten fastest growing economies includes seven African countries. Angola already tops the list at 20% growth, Mozambique is the world's fastest growing non-oil based economy. Even the destroyed Zimbabwean economy offers hope; the Beitbridge border crossing between Zim and SA is the busiest border post in Africa, in terms of cargo volume shifted.



What does this mean for KZN entertainment media producers? Hopefully African economies where consumers are increasingly flush with cash and looking to spend their new-found monies on entertainment items..... Nollywood will surely be there, so what about us?

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