Top 5 Investment Opportunities In Africa For 2012
African economies easily rank among the most resilient in the world. In the middle of the 2009 global economic recession, Africa was the only region apart from Asia that grew positively, at about 2%. The continent’s growth has been on an upward trajectory ever since then- 4.5% in 2010 and 5.0% in 2011.
And it will get even better in 2012. Africa is favorably positioned to become the 2nd fastest growing region in the world, and according to the International Monetary Fund (IMF), economic growth across the 54 countries of the continent will hover around 6% in 2012.
Africa is becoming an increasingly attractive hub for foreign investors in light of various economic, political and social reforms that are sweeping through the continent, resulting in a much improved business environment conducive for foreign direct investment. Apart from that, there is widespread development of critical social and physical infrastructure, and there is an increasing pool of well-educated, English-speaking, enterprising workers in most countries across the continent.
There is also a significant boost in the spending power of Africans. According to the African Development Bank, Africa’s fast-emerging middle class is now comprised of over 300 million people, and analysts from the McKinsey Global Institute estimate that general consumer spending across the continent will hover past the $1 trillion mark next year.
If you’re a foreign investor who has yet to make a foray into Africa, now is the time to step in and capture a share of Africa’s $1 trillion opportunity in 2012. These are 5 lucrative sectors you should consider investing in:
- Agriculture,
- Tourism,
- Solid Minerals,
- Infrastucture and
- Fast moving consumer goods
For more detailed information on each area please visit - http://www.forbes.com/sites/mfonobongnsehe/2011/12/28/top-5-investment-opportunities-in-africa-for-2012/
Comments