The biggest opportunity in 2013 is in Africa. It has seven out of the ten fastest-growing economies in the world. In Nigeria alone there are 100 million people with mobile phones. In total, 300 million Africans – five times the population of Britain – are in the middle class.

David Miliband

The Quote in Other Words

Africa presents the most significant prospect in 2013, with seven of the world’s ten swiftest expanding economies. Nigeria, for instance, has a hundred million mobile phone users, and the continent has a total of 300 million middle-class individuals, which is five times the population of Britain.

Explanation of the Quote

This quote highlights the immense potential for growth and development in Africa. With seven of the world’s fastest-growing economies, the continent is ripe with opportunities for investment and expansion. The fact that 100 million Nigerians alone have access to mobile phones is a testament to the increasing connectivity and technological advancements in the region.

Furthermore, the emergence of a middle class in Africa presents a significant market for businesses and entrepreneurs. With a population of 300 million, this middle class is five times the size of Britain’s population, indicating a vast consumer base with significant purchasing power.

Overall, this quote emphasizes the importance of recognizing Africa as a key player in the global economy and the potential for growth and prosperity in the region. By investing in Africa’s burgeoning industries and markets, businesses and individuals can contribute to the continent’s development and reap the benefits of its economic growth.