I am Africa, hear me roar!

FT story citing Boston Consulting Group report:  Africa’s top 40 firms are beginning to compete successfully on the global stage, helping trigger national growth rates that rival those of the BRICs.

So yeah, countering the notion that globalization impoverishes, we’re seeing broad boat-lifting on the poorest continent in the world—right on the heels of the worst financial/trade crisis ever endured by the modern global economy!

Since 1998, the 500 top African companies have been growing in the range of 8% a year—or the China pace.

No question the resource draw from the rising New Core cohort propels a lot of this growth.

The  so-called lions are Algeria, Botswana, Egypt, Libya, , Mauritius, Morocco, South Africa and Tunisia.  So really the northern tier and the southern cone and the great, Singapore-like connector in Mauritius.

The collective per capital GDP of this crew stands at roughly $10,000, which outranks the BRICs collectively. 

So the old Asian tigers are now being matched by the African lions.

Quite the “de-globalization.”