Democracy Publications

Rallying Africa to Embrace and Implement Social Innovation Policies: Lessons from Far and Near

Sep 01, 2014
"Sub-Saharan Africa’s tagline as “the next global investment hub” is becoming a cliché. Following a decade of sustained economic growth, averaging between 5 and 6% of annual Gross Domestic Product (GDP) growth (Regional Economic Outlook, 2014) and backed by rich natural resources such as gold, timber, silver, coal and new discoveries of oil in many countries, all indicators are pointing towards a continent with formidable economic prospects. The latest ranking places Sub-Saharan Africa (SSA) as the second fastest-growing continent after Asia, with seven of the world’s ten fastest-growing economies located in the region . In fact, SSA is brimming with unprecedented confidence about its future prospects as a global competitor and economic giant."

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