The goal of the Africa Chamber of Commerce of Utah is to bring more transparency and genuine business transactions between businesses and organizations in both Utah and Africa seeking mutual business interests. The new emerging African economies have shown resilience in the light of a global down-turn, and registering growth that are impressive, e.g. Nigeria sustained 7 percent economic growth within the last 10 years, Angola’s economy has been expanding at about 15 percent, and Ghana which grew at a rate of 13 percent in 2011 is now at an 8 percent growth. South Africa is still a business leader on the continent and has seen a very sustainable growth with a GDP of over $400 billion in per capita income. There are other countries like Ethiopia, Tanzania, and Uganda in the sub-Saharan regions that are laying a consistent ground work for economic take-off.
“The need to execute with informed partners is critical in doing business in Africa. The African Chamber of Commerce of Utah is positioned to enable such partnership. Africa is positioned for sustainable growth as it builds the growing middle class” says the Chairman of the Board of Director Mr. Thomas Appiah CEO of Appiah Consulting Team International Inc.
The International Monetary Fund’s (IMF) World Economic Outlook released in October 2012, indicated that 11 of the world’s 20 fastest-growing economies are in Africa, and this booming economic growth has helped create the fastest-growing middle class in the world.