Plenty of African nations are building strong private sector players. Nigeria, Kenya, Uganda, Senegal, and Ghana are all building competitive local financial m

Plenty of African nations are building strong private sector players. Nigeria, Kenya, Uganda, Senegal, and Ghana are all building competitive local financial markets and private sector players. There are plenty of Sub-Saharan states are remain perpetually underdeveloped, but that's ignoring plenty of foundational work happening in plenty of other African states. The main difference is administrative capacity - some states have relatively decent bureaucracies and administrative norms, others don't. It's up to individual countries political and economic leadership to decide which track they want to take.