Africa's Emergence (Part 1) | HuffPost

Don't you sometimes wish you had bought property in Moscow, Shanghai or Rio 10 years ago? You would have more than tripled your money. Well, 10 years from now, you will regret not having bought in Accra, Cape Town or Nairobi today. Sub-Saharan Africa -- "Africa," for short -- is about to emerge. Some of the reasons for optimism are fairly obvious. But most are not. This article is about what has happened so far, and why. Its sequel ("Part 2") will discuss the drivers that will take the continent to the next level.

First the facts. Over the past decade, Africa has grown fast and continuously -- its economy expanded at an annual rate of more than 5 percent. That is almost three times