What’s driving Africa’s growth
The rate of return on foreign investment is higher in Africa than in any other developing region. Africa’s economic pulse has quickened, infusing the continent with a new commercial vibrancy. Real GDP rose by 4.9 percent a year from 2000 through 2008, more than twice its pace in the 1980s, 90s. Telecommunications, banking, and retailing are flourishing. Construction is booming. Private-investment inflows are surging. To be sure, many of Africa’s 50-plus individual economies face serious challenges, including poverty, disease, and high infant mortality. Yet Africa’s collective GDP, at $1.6 trillion in 2008, is now roughly equal to Brazil’s or Russia’s, and the continent is among the world’s most rapidly growing economic regions. This acceleration is a sign of hard-earned progress and promise.
While Africa’s increased economic momentum is widely recognized, its sources and likely staying power are less understood. Soaring prices for oil, minerals, and other commodities have helped lift GDP since 2000. Forthcoming research from the McKinsey Global Institute (MGI) shows that resources accounted for only about a third of the newfound growth. The rest resulted from internal structural changes that have spurred the broader domestic economy. Source: McKinsey Global Institute
Through our efforts we are now in the short list of suppliers of Railways material and rolling stock for Sudan Railways. We have sold Locomotive Spare Parts and are trying to have the grounded locos repaired and some new ones supplied to help boom the newest country, South Sudan. Ararat International™ as a distributor of Arbel Fauvet™ Rail – sold around 100 units of Tanker Wagons financed by French Protocole.
More than a resource boom
Yet the commodity boom explains only part of Africa’s broader growth story. Natural resources, and the related government spending they financed, generated just 32 percent of Africa’s GDP growth from 2000 through 2008.2 The remaining two-thirds came from other sectors, including wholesale and retail, transportation, telecommunications, and manufacturing. Pictured to the right Falcon 900™, lightweight and agile, at just under $40,000,000 a more popular model. VIP tail ST-PSA was sold to the Sudanese Government, by Ararat International™, as agents and Distributors of new Marcel Dassault™ and Falcon planes.
Pictured left, new Falcon 900™ similar to a unit sold to President Joseph Kabila of The Republic of Congo-Kimshasa by Ararat International™.
Alstom™, formerly GEC Alsthom™, is one of the largest publicly traded power and rail companies in the world, with annual sales of over €20.9 billion. Ararat International™ were involved in multiple projects with Alsthom™
Ararat International worked with Alsthom in the early stages of The Merowe Dam Project.