In this video, I take you through some of the best African countries to invest and do business.
Investing in Africa can be a sound business and a sustainable corporate strategy for foreign investors. Here are some reasons why:
Abundant natural resources: Africa boasts an abundance of energy and natural resources, with the continent holding approximately 60% of the world's uncultivated arable land.
Rapidly expanding workforce: Africa stands out with the world's most rapidly expanding workforce, featuring over 60% of its population under the age of 25. Forecasters anticipate that advancements in technology and infrastructure will pave the way for substantial growth in the coming years.
Fast-growing economies: African nations are assuming an increasingly significant role in the global economy, with some of the fastest-growing economies globally. The population is characterized by youth and rapid growth, and projections indicate rising household incomes and consumption. Notably, digital and mobile access is experiencing rapid growth, the infrastructure gap is closing, and Africa is primed for mass industrialization.
Diversification: Investing in Africa can yield diversification benefits for a global investment portfolio. African markets exhibit lower correlation with developed markets, contributing to a reduction in overall portfolio risk.
Top 10 Best African Countries to do Business
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