Monthly Archives: April 2013

The Rise of the PACs: Meet three booming Portuguese-speaking African Countries

maputobridgeThe rise of the what? Another acronym, you say? Well, why not? In Portuguese the countries are called PALOPs, the Paises Africanos de Lingua Oficial Portuguesa (or African Countries with Portuguese as Official Language). So we call them PACs. Three PACs have become booming economies and nobody is stopping them: Cape Verde, Angola and Mozambique. Business opportunities abound and the three countries share some striking similarities that set them apart from the rest of Africa. Though they do not number that many inhabitants (all three put together not more than 50 million), they jointly constitute a cluster of very distinct African markets, well worth exploring. So are these PACs the new thing we have been waiting for? How real is their rise? Continue reading