Why invest in Africa?
Taking a medium-term view, you ignore Africa at your peril.
- Christo Wiese (South Africa),
CHAIRMAN OF SHOPRITE HOLDING LTD
Whenever there is a gap between reality and perception, there is a good business there.
- Dr. Mo Ibrahim (Sudan),
CHAIRMAN OF MO IBRAHIM FOUNDATION,
FOUNDER OF CELTEL
Africa is too big to ignore.
Although challenges remain, long-term fundamentals are strong and recent developments leave us optimistic.
Its young, urban and tech addict people…
- 1.4 billion souls...and counting
- 67% under the age of 30
- 56% to leave in cities in 2050, from 40% today
- Mobile phones and technology are already transforming financial services, agriculture, healthcare...
A large consumer market fuelled by a growing middle class
- 200 million Africans with significant spending power by 2020, larger than in India
- From 2012 to 2020, consumer-facing industries are expected to grow by $410 billion
A wealth of natural resources
- Mineral reserves and potential likely to be underestimated since Sub-Saharan Africa remains largely unexplored
- 60% of the world's available arable land, and competitive labor cost set the scene for Africa's agricultural revolution
Improved governance & macroeconomic environment
- Prudent economic policies have contributed to lower public debt-to-GDP ratio, controlled inflation and reasonable budget deficits
- A majority of countries now have democratically elected governments
This creates long term opportunities in many sectors
Agriculture
Consumer Goods
Real Estate
Retail
Banking
Beverages
Infrastructure
Telecom
