Which countries will emerge as the "African Lion" Economies

StormShadow said:

Dante, I agree with your selections but I have a question, why Cameroon over Nigeria ?

What about North-Africa are they skipped on this thread ? Only SSA ?

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I had always thought it would be SSA by default(typically is...), but if I were including North Africa I'd add Algeria, Tunisia and Egypt. Most of North Africa is already pretty industrialized in any case, but those 3 countries I think could really jump ahead. Egypt is getting a lot of investment-I'm hearing about a bunch of new car factories and the like going up there, and they even signed a contract recently to manufacture 80 chinese military jets.

I chose cameroon over nigeria mainly because:

1. it has a higher standard of human development already, having entered the medium development of the Human Development index a while ago, while Nigeria will still take maybe a decade to get there, if not more.

2. Cameroon seems a bit more stable. Nigeria is having far too many problems with internecine conflict for me to get too excited about it becoming an African lion just like that. We all know Nigeria can become an African lion IF it gets things together. That is a really big if.

Once it finally resolves all of this conflict, gets the poverty rate below 50%, and finally shows that it is even close to realizing its true potential(larger increases in GDP, an improvement with regards to world corruption rankings, etc, etc), I'll call it an African lion. That could happen in a decade or so. Right now? No.
Those countries are already in better shape overall than Nigeria, so by the time Nigeria does get it together, they will have already become the African lions(or lion cubs). Hence, I put their names up there instead.

I am somewhat optimistic now about Nigeria(although cautiously). The new president seems like he'll be better than the last to, given the fact that he is confident and he is actually literate with a college education. And despite the issues with Nigeria today, its HDI has been increasing:

Human development index, 1975 0.317
Human development index, 1980 0.376
Human development index, 1985 0.387
Human development index, 1990 0.407
Human development index, 1995 0.419
Human development index, 2000 0.433
Human development index, 2004 0.448

Which is a good thing. The problem is, those other countries are already ahead. Hence, they'll be the first African Lions, and Nigeria will follow them.

LOL... who are you all fooling? You chose Sudan with all the problems in Darfur and you left out Nigeria?

The list is evident

NIGERIA NIGERIA AND NIGERIA
and Egypt

Goldman Sachs believes that only two countries in Africa will overtake Italy in GDP size by 2015 i.e. Nigeria and Egypt.

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http://www2.goldmansachs.com/hkchina/insight/research/pdf/BRICs_3_12-1-05.pdf

This is a reputable prediction that has more facts than all of you altogether. I remember the last time I posted it, the same well-wishers of Nigeria said we cannot predict if a civil war could mess up the prediction!

Naijalove, thanx for the link!

Africa´s Potential Lion Economies in the next decade

Nigeria(condition: reof Niger Delta Crisis , $30bn invested into physical infrastructure in the next three years but normally this should be no problem for Nigeria, if those conditions are met , the coming two yyears will be very crucial for Nigeria if all the major conditions are met - infrastructure, "controlled" corruption and stability - the sky is the limit:cheers: )

South Africa (it already is an emerging market)

Egypt

Algeria

Angola (the GDP of that country has spiralled upwards tremedously in the past years, it will continue to sky-rocket in the years to come)

Sudan

Morroco

Kenya

Ghana

Senegal


Africa´s potential lion baby economies

Tunisia

Botswana

Namibia

Gabon

Mauritius

Cape Verde (for tourism, financial offf-shore centre, real estate projects)

Sao Tomé (loads of oil)

Mozambique

I chose cameroon over nigeria mainly because:

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No way, Nigeria has the potential to become and African Lion!
Personally, I don´t think that Cameroon will make it (high level of corruption, disunity between anglophone and francophone part of Cameroon, who comes after Paul Biya is gone ????, high levels of internal and external indebtedness, decaying infrastructure etc.). When it comes to investmenst, everyone would eye Nigeria over Cameroon. (this is no attack against Cameroon)

For me GIANT is a word above LION and nigeria is definately GIANT,What you should search for now LIONS and TIGERS.

MY LIONS TO BE: EGYPT

SOUTH AFRICA(MAYBE ALREADY LION)

ALGERIA

SUDAN
MY TIGERS TO BE:ANGOLA

LIBYA

GHANA(FOR IT UNCOVERS OIL)

Not all north African countries.Many are not even resourceful as you might think--I have gone through length and breadth of all North African countries which is going to get behind many African countries as the world sees to development in those countries of sub-saharan.Lybia,tunisia are exempted from being African Lion or African Tiger in the likeness of the Asian's in decade to come. We can look closely to the topic "Which countries will emerge as the "African Lion" Economies" and what's so exertive is "emerging" which Nigeria is well agnized.Despite delibrating issues it's still the emerging African lion to be followed by Egypt.As present SA is the African Lion.I heard most of the industries in Nigeria are already doing what SAs are doing--reaching out to other countries within the sub-region.

I KNOW WE ARE TALKING ABOUT LIONS BUT HOW ABOUT AFRICAN TIGER

Ghana 'will be an African tiger'
Ghana's President John Kufuor says the discovery of the country's first major oil deposit could turn the West African country into an "African tiger".
"Even without oil, we are doing so well... With oil as a shot in the arm, we're going to fly," he told the BBC.

"My joy is that I'll go down in history as the president under whose watch oil was found to turn the economy of Ghana around for the better," he said.

The discovery of 600m barrels of light oil offshore was announced on Monday.

Reserves in the Mahogany exploration well were far greater than the 250m barrels that UK-based firm Tullow Oil had earlier forecast.

Tullow, which saw its shares rise more than 12% on the news, jointly owns the West Cape block where the drilling took place with Anadarko Petroleum.

'Destiny'

Correspondents say champagne bottles were popping at Osu Castle, the seat of Ghana's government, after the announcement.

Mr Kufuor said the discovery would give a major boost to Ghana's economy.


We're going to really zoom, accelerate... and you'll see that Ghana truly is the African tiger
Ghana's President John Kufuor

"Oil is money, and we need money to do the schools, the roads, the hospitals. If you find oil, you manage it well, can you complain about that?" he told the BBC's Focus on Africa programme.

He dismissed suggestions that Ghana may follow in the footsteps of other countries that have mismanaged their oil wealth.

"Some are doing it well and I assure you if others failed, Ghana will succeed because this is our destiny to set the good pace for where we are. So we're going to use it well," he said.

"We're going to really zoom, accelerate, and if everything works, which I pray will happen positively, you come back in five years, and you'll see that Ghana truly is the African tiger, in economic terms for development."

His sentiments were echoed in many of Ghana's newspaper headlines on Tuesday.

The Statesman hailed the Gold Coast, Ghana's name under British rule, finding "black gold" and the Accra Daily Mail leads with the headline: "Thank God. Oil at last Thank God!"

The BBC's Will Ross in Ghana says the country is the midst of an energy crisis and every four days everybody has their electricity switched off for more 24 hours.

Ghana is described as somewhat of a success story in Africa but the country does suffer from widespread poverty and also has alarming levels of corruption, our correspondent says.

Tullow chief executive Aidan Heavey said the discovery was one of the biggest oil discoveries in Africa in recent times, but warned it could be up to seven years before the oil started to flow.

Tullow Oil holds a 22.9% stake in the West Cape Three Points licence and just under 50% in the Deepwater Tano licence.

The move comes as foreign firms are increasingly tapping into Africa for oil

friendsofthecity said:

Not all north African countries.Many are not even resourceful as you might think--I have gone through length and breadth of all North African countries which is going to get behind many African countries as the world sees to development in those countries of sub-saharan.Lybia,tunisia are exempted from being African Lion or African Tiger in the likeness of the Asian's in decade to come.

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out of curiousity on which basis did you exclude those 2 countries?

Cool!what a good question.From the scheme of things these countries have had good contact with the developed nations for too long still in the stage of trying to emerge comparing it to those in the sub-saharan that are ranked among the fastest growing economies in Africa.Beside,my judgement was based upon my visit to those two countrie.They are less resourceful in terms of human resources compared to some sub-saharan emerging countries.It's almost seem like an hindrance for scanty population of lybians to implement industrial base economy---not only that they wait for others to do it for them.As for Tunis,it's well below the group of being emerging African lion cos there are many other sub-saharan African countries that seem to be more vibrant,like Nigeria,Kenyan,South Africa.Meanwhile,I personally don't have any problem with those two countries of North Africa.Am not an economist but industries are best situated in location of resources and cheap labour force before considering other factors though might be having overweighing effects. On the long run I personally or more generally don't think those two nations(of north Africa) among many others in the continent as an emerging African lion.Far from being it at this time.They might well fall into the group of tiger of Africa not comparing them to the Asians.

pappy said:

lol @ people choosing Sudan over countries like Nigeria, heck while you're at it I'll just throw in Liberia, Sierra Leone, and Congo.

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the only troubled region in sudan is darfur which is far from other regions. it's like saying the niger delta issue effects all of nigeria....plus sudan has already accepted the U.N force which will be deployed real soon.

anyways if congo or liberia were growing at 13% with billions of dollar in FDI then i am sure they would be mentioned......hno: .