Updated: Apr 1, 2020
Its boom time for Africa and if you are not investing in the rapidly growing continent you absolutely should be. With American treasuries currently remunerating so little investors are placing more and more currency in Africa… more so now than ever before. Over the last couple of years, how Africa is perceived has changed intensely – from an assistance perspective into a perspective of economic progress, opportunities as well as investments.
This year, numerous African stock markets are seeing massive returns this year. Ghana is one of the world’s top players and even though the country’s stock market is on a smaller scale, it has grown this year by 50%. Kenya has grown by 35% and is achieving breaking records this year so far. Also up by 35% in Nigeria.
In the past global investors channeled all their time, capital and efforts into the North and South of Africa (the Arab border and South Africa) however this has changed tremendously; capital, time and investment is now being placed in the middle too.
World Economic Forum on Africa took place in the mother city (Cape Town) early May and what was disclosed at the event was that 70% of Africa’s population is under the age of 30, making the continent comprised with the youngest population in the world, with 70% of the population under the age of 30. Another highlighted topic disclosed at the World Economic Forum was that African neighbors are embracing how to work with one another as a means to gain an advantage regarding corporation development and growth.
To end off the article I would just like to share 2 bragging facts linked to Africa’s growth: 1. Nine out of the world’s 15 fast-growing economies are in Africa and 2. Foreign direct investment was $9billion in 2000; last year it exceeded $80billion