Why Invest in Africa?
Many investors still view Africa as an impoverished, politically unstable, and diseased-ridden country. Africa, then, must be decades away from showing signs of economic life.
We think the opposite is true.
Investment in Africa has been booming for more than ten years, and Market Frontiers is confident that the trend will only continue.
Factors driving Africa’s success
According to the World Bank’s 2013 Doing Business Report, among the 50 economies globally that have most improved their regulatory environment for business since 2005, the largest share — a third — are in Sub-Saharan Africa.
As a result, by 2040, Africa’s potential labor force is expected to be more than 1.1 billion people, which exceeds projections for the Chinese and Indian workforces.
By 2030, this share is expected to be 50%. China and India in particular are looking to Africa to help meet their energy security needs, as a market for manufactured goods and potentially for long-term food security too.
The growing influence of the private sector in Africa is evident in the increasing number of leaders and cabinet members from the corporate world.
South Africa, Ghana and Tanzania are among the top 20 gold producers; Zambia and the Democratic Republic of Congo the top 20 copper producers.