Investing in Africa: opportunities and challenges
Sub-Saharan Africa will be home to 7 of the world’s 10 fastest growing economies in the next five years
Today, there are more than 500 million people of working age (15 to 64) in Africa, and that number is expected to pass 1.1 billion by 2040 – to be larger than China and India.There are several sectors looking to Africa for opportunity
The key issue to consider here is the risk/reward balance which investors need to understand. Investment-grade countries like South Africa, Botswana and Namibia might offer lower returns than seen elsewhere on the continent. however, Other countries with higher risk like Nigeria, Tanzania and Kenya could offer higher rewards in return.
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The Department of Trade and Industry (the dti), in partnership with Proudly South African and Brand South Africa, will be hosting the inaugural South African Premier Business Awards in March 2013. ..more .. http://www.thedti.gov.za/
The African Development Bank (AfDB) has launched an ambitious program to significantly improve data management and dissemination in Africa. 13 countries and one Pan-African institution: Cape Verde, Democratic Republic of Congo, Cameroon, Congo, Malawi, Mozambique, Namibia, Rwanda, South Sudan, Tanzania, Tunisia, Zimbabwe, Zambia and the African Union Commission will be included in t his program. The program involves the development and installation of common IT platforms in all 54 countries and 16 sub-regional and regional organizations in Africa. This AfDB initiative provides a unique opportunity for African countries to take the lead in implementing statistical standards at a regional level and make their data easily accessible through a common platform.