Africa today is a very different continent from what it was five decades ago when its member states were becoming independent.
Today it is the prime growth continent - a continent of hope not only for its own people but also for the global economy. Europe, Asia and the United States are scrambling for greater influence in Africa. Their own economy are not only heavily dependent on Africa's wealth of natural resources, they are increasingly reliant on the ever expending African consumer class for their markets.
Africa today is at the same stage that China was 30 year ago, but given the continent's recourses, its young, energetic population and potential for growth in all sectors, it will outstrip China over the next three decades.
Africa is in a very good position to begin it's next great leap forward. Before the global economic crash of 2008-9, Africa had been registering a remarkable annual growth rate of 7%. During the world recession, Africa came through with great resilience and is now growing at 5% - the fastest of any continent in the world.
We in VEK Capital Partners are proud to announce we are established our presence on the African continent and have plans to aggressively increase it. MPG GLOBAL, our portfolio company, has acquired several prospecting licenses and planning to start full-scale gold mining activities in the third quarter of 2012. At the same time, we are looking at several other mining options that include, diamond, nickel, and copper licenses in various stagers of development.
