Africa Rising

900 million Total population in Africa, which is seen as a huge market. People do need food, clean water, clothing and medicine but also cell phones, bicycles and computers

$978 billion Total gross national income. If Africa is treated as a single country, it will be ahead of India

What makes Africa better

High commodity prices, greater political stability in many countries, fewer wars, better communications and economic growth of around 6.5 per cent have helped lure new investment, often from China and other emerging countries, primarily for resources such as Oil and gas.

Mahajan cites the example of Zimbabwean company Innscor which operates the restaurant chain Steers in that country. Short of foreign exchange, it got into crocodile farming and became one of the world's biggest producers of crocodile meat and skins.

In Zambia, he writes, Gillette put some 18,000 young men on bicycles to sell small cards with five of its inexpensive double-edged blades — they took the product all over the country, increasing sales from 5,000 to 750,000 units in 2004.

Africa evangelist

Author Vijay Mahajan, who holds the John P. Harbin Centennial Chair in Business at McCombs School of Business, University of Texas at Austin, debunks traditional stereotypes about a continent that is starting to beep ever louder on the radars of global investors. Mahajan wants to open people's eyes to Africa's rise, which he says is "hidden in plain sight".