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When considering Africa, one does not tend of think of it as a region of the world that is doing extremely well. Poverty, disease, and violence all still run rampant throughout the continent. However, when it comes to its business opportunities and its economy, Africa is a powerhouse that is gaining more and more attention by the day from corporations and nations from all around the world. Already, it has the fastest growing economy of any continent in the world, is home to 6 of the 10 fastest-growing economies in the world, and it is expected to undergo an immense GDP growth in the next few decades. While Africa has many challenges to overcome, several sectors of the economy have huge potential for growth and change, and the continent has plenty of promising future economic prospects.
One major part of Africa's economy that is lending to its growth is its major industries. Several international agribusiness corporations are investing in the agricultural industries of countries such as Kenya, Ghana, and Ethiopia, all of which are some of the fastest growing nations in the continent. These corporations, which include Syngenta and DuPont, seek to aid the high population of subsistence farmers in growing more crops and getting them into the market. Another agricultural goal is to make use of the unused land; Africa has 60 percent of the world's uncultivated farmland, and investment in these hectares could help make regions like Eastern Africa booming areas for agricultural production.
The energy industry is also seeing growing potential in Africa. Petroleum, already a large export in the continent, has been discovered in more countries, including Mozambique, Tanzania, and Uganda. These discoveries are expected to pull in more investment in petroleum exports from this region. Similar to this is the eager search for oil. Several African nations are planning on making their fortunes in increasing their oil output, including Angola, which seeks to beat Nigeria as Africa's top oil producer in the next few years, and Chad, which wants to triple its oil production by 2015. In addition to these, Somalia is currently talking to many major energy companies such as Exxon Mobil and BP about restarting oil exploration in the area after its era of civil war. The talks with the corporations are looking positive, and deals have already been signed with smaller oil companies for exploration in specific regions of the country.
Several other factors are setting Africa on the stage to super economic growth. Its population is booming; there is expected to be about two billion people living in the continent in the next 40 years, which will contain 25% of the world's workforce. Violence in Africa is starting to quell, and the governments of many countries are becoming more and more stable, including Senegal, Tanzania, Mauritius, and South Africa. Countries like these are seeing benefits such as increased sales in government bonds, more education, increased standards in living, more urbanization, and partnerships, attention, and investment from business executives in major economies such as the United States and China. International trade is also growing, and Africa's coastal regions are homes to major trade blocs such as COMESA, ECOWAS, and SADC, as well as other smaller trade blocs. With all of these developments, Africa is also starting to draw away from being the favor child of donor organizations, and has set up many of its own private sectors.
From its countries' economies, industries, stability, business prospects, and many other factors, Africa has a very bright outlook in economic change and development. There are concerns whether this growth will be sustainable and will actually improve life overall for its nations; however, if Africa continues on the path it is currently on, the stage is set for it to become a major driving force for the global economy in the next few decades.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 7001DT NTN | 12 | 28 | 16 |
| 7300BDT NTN | 10 | 35 | 22 |