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HEY PRESTO: as if by magic, Nigeria has declared itself the biggest economy in Africa. Overnight, with the wave of a statistical wand, it has added 89% to its GDP, now worth $510 billion, and soared past the previous leader, South Africa, worth $370 billion. Nothing has changed in Nigeriaâs real economy, except the way it is measured. Yet the magic matters. The GDP revision is not mere trickery.
Sustainable Investment in Sub-Saharan Africa focuses on three key economies-Kenya, Nigeria, and South Africa â in this 48-country region, which is predicted to have a population of nearly 1.5 billion by 2050.E fundraising activity in Sub-Saharan Africa almost tripled from $800 million in 2005 to over $2.2 billion in 2008. PE funds manage an estimated $24 billion, with South Africa-specific funds accounting for around $14 billion.