Money goes Africa, new Middle class buying $35k Homes

Sub-Saharan Africa in 2010 growth 6%

No Sub-prime losses

Most of the African economies did not suffer

the Western Sub-prime crisis, simply they had

not the money to participate in the speculation.

Consumer Middle class

While western economies had to pay the loss,

Africa just continued to develop it's Middle class.

5% average growth enables population first time

to "consume" basic electronic products like TVs

Radios, Computers, Fridge and so on...

Internet fibre optics cables .."Youtube"

Cheap Internet connections to East and West

Africa created a knowledge explosion

enabling SMEs smal businesses to connect.

Home buyers

In principal the basic "Social Home" from $35.000

with no or interrupting Electricity distribution.

Same time luxury homes 3 - 6 bedrooms 2 floors

appear on the market. Many of them a result of

record Chinese "oil for loan" infrastructure

road and factory building.

What Africa needs next:

Green energy Mini Factories

Solar low CO2 low energy manufacturing final assembly

(Green manufacturing Expo: canontradeshows.com)

to stabilize Middle class growth creating

infependance of "Sweat shop" on/off factories.

Jobs jobs jobs for 800 million young Africans

under the age of 20 years.

Related:

Global economy at risk from surge of capital

to developing nations, warns World Bank

Heavy flows of speculative capital into developing countries as a significant risk to global economic recovery.

2011

Developing world takes 50% of 3.3% global growth

6% growth Developing world vs 2% high income

In its Global Economic Prospects 2011, the World Bank says growth of 6% in developing countries will be more than double the 2.4% in high-income countries.

U.S. low interest rates > Money goes Africa Brasil

Ultra-low interest rates in the west are leading to large capital flows into developing countries. Equity and bond flows to developing countries rose in 2010 by 42%

o East Asia topped growth table in 2010 with 9.3%

o Sub-Saharan Africa in 2010 stable growth 5.8%

o Latin America growth in 2010 up to 5.7%

source: guardian.co.uk