While the world has been focused on the downfall of high profile mature economies in Europe and in the US, Africa has quietly but dynamically transformed into a vibrant commercial landscape. Indeed, for the past several years, many African countries have logged double-digit growth fueled by an emerging middle class. In response to this transformation, an increasing number of foreign companies worldwide are beginning to explore expansion to Africa.
Meanwhile, Intra-African investments led by South African, Kenyan, and Nigerian Trans National Companies (TNCs) have more than doubled since 2009 and Local Direct Investments (LDI) in many countries have benefited from greater government incentives to grow the role and impact of SME’s in the National economies.
This vibrant context offers a historical opportunity for investors to benefit from unparalleled investment returns and for African countries to rely on Investments-driven development to leap-frog and experience a positive and prominent economic change.