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The best time to invest in Africa is now.

Africa is the most profitable region in the world. A report by the UN Conference on Trade and Development states that between 2006 and 2011, Africa had the highest rate of return on inflows of Foreign Direct Investment: 11.4%.  This is compared to 9.1% in Asia, 8.9% in Latin America and the Caribbean. The global figure is 7.1%.

Africa’s economic growth prospects are among the world’s brightest. Six of the world’s 12 fastest-growing countries are in Africa (Ethiopia, Democratic Republic of the Congo, Côte d’Ivoire, Mozambique, Tanzania, and Rwanda). Further, between 2018 and 2023, Africa’s growth prospects will be among the highest in the world, according to the IMF. Good news: sectors where foreign companies could have a comparative advantage, such as banking, telecommunications and infrastructure, are among the drivers of current economic growth in Africa—creating clear investment opportunities for foreign businesses.

For the most part, foreign direct investment inflows to Africa have generally been attributed to five factors. These are regulations (ease of doing business), the general investment climate, broader economic reforms, information communication and technology development, and improvements in infrastructure. The continent also has a young, vibrant population, and significant economic potential, which has made it an attractive prospect for foreign investors for a number of years now. Some of the biggest barriers to FDI in Africa until this point have been political instability and corruption.

The most developed African country is Mauritius. Yes, you read right, Mauritius ranked the most developed African country. Mauritius has overtaken Seychelles, being the “first African country in the annual ranking of the United Nations Development Program (UNDP). Observers study the Human Development Index (HDI). Mauritius offers a balanced and healthy lifestyle and offers endless opportunities for businesses and investment. The Mauritian Nation is extremely passionate about protecting the environment. They take action to protect and manage the environment. For example, these projects include a project which has focused on the improvement of air quality in Mauritius. ie. “Phasing out of leaded petrol, importing cleaner diesel, banning chlorofluorocarbons and monitoring vehicular emissions among others are a focus in projects”.

Sources: www.un.org     https://bolttalent.com   https://theconversation.com