The Hill News

Today, Sub-Saharan Africa is one of the fastest growing regions in the world, home to seven of the world’s fastest-growing economies. In fact, just this week, the International Monetary Fund’s
 
Regional Economic Outlook for Sub-Saharan Africa projected Sub-Saharan Africa’s growth to remain above 5 percent â€" faster than many newly industrialized Asian economies.
 
The major force behind this dramatic growth has been significant increases in private sector investment and trade in the region. Foreign direct investment flows to the continent now hover around $80 billion and trade has tripled over the last decade. But this private sector boom has largely missed Africa’s agricultural economy, favoring investments in resources like oil, gas and minerals.

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