The TED talk video on business in Africa portrays the African continent as a fast-growing economic hub following the realization that the indigenous people are adamant about pursuing their destiny while also taking charge of their own lives. Most importantly, Africans have focused on transforming the rampant levels of corruption which has been the primary challenge to the continent's economic growth. The increased economic development has been influenced by the privatization of enterprises which means that the market is relatively liberalized. For instance, Nigeria has recorded tremendous economic growth due to the liberalization of the telecommunications industry. This creates a considerable investment market for the country. Regarding the high levels of investment across the country, the Barclays bank is cashing in 500 million dollars to improve the banking system which has since been consolidated hence increasing the capital from 25 to 150 million dollars.
The productive business environment created across the nation is owed to the effective leadership that aims at promoting the welfare of the citizens based on their economic growth by efficiently managing funds. On the other hand, other industries that have led to the creation of a Nigeria-based commercial hub include agriculture, housing, tourism, and real estate among others. Overall, the levels of conflicts across the country are drastically declining which also translates into the increased Gross Domestic Product (GDP) currently at 6.5% from 2.3%. Moreover, the inflation rates have significantly reduced from the previous 28% to 11%. Taking the case study of Nigeria as presented in the video, the most effective strategy to help Africans as a whole is to create jobs which will improve not only the citizens' living standards but also the strengthening of the economy.
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