These two conditions, good institutions andeasyaccessto large markets, sound like a rather promising recipe for catch-up growth, even in a generally unfavorable economic environment.
The good supply of raw materials - leather for making shoes - and its good geographic location, allowing easyaccessto Europe and the rest of Africa, were also factors.
"The high-valued homes that are fetching the highest prices are the ones that cater to the lifestyle interests of the high-net-worth individuals, " she says, citing considerations like easyaccessto leisure activities andgood food and wine.