Africa has historically been regarded as a high-risk environment for trade and investment, and the continent has experienced an economic slowdown as slumping oil prices hit the global economy.
However, for forward-looking investors, Africa remains a land of strong opportunities. This rang particularly true from the conversations which took place during the ALN Africa Investment Conference 2018 earlier this month.
The continent is tipped for continuous growth, with The World Bank predicting a regional GDP growth of 3.2 percent for 2018, an increase of 0.8 percentage points, with an even greater increase of 3.5 percent forecasted for 2019. Six of the top 10 fastest growing economies in 2018 are African countries and approximately two thirds of countries in Africa have experienced growth acceleration in 2018.
By 2055, the continent’s youth population is expected to be more than double the 2015 total of 226 million. This demographic potential presents an immense opportunity for change.
In this edition of Inside AB, Jeremy Lawrence and Bernd Debusmann take a look at the opportunities that await forward-thinking investors.
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(Source: Arabianbusiness.com YouTube channel)