Investment Vision 2011 Series: The Cream of Africa
Economic indicators all point to the tremendous business opportunities in Africa.
-Richard Essex, East Africa Capital Partners
The African continent enjoyed high economic growth rates in the years leading up to the global recession of 2009, with an average annual growth of 6% during the period of 2006 to 2008 (African Economic Outlook, 2010).
The move towards more market-friendly economic framework conditions, help nurture growth and the continent profited from high commodity prices, growing export volumes, foreign direct investment (FDI) inflows and generally prudent macro policies.
Following the financial crises, as the world economy is strengthening again, the International Monetary Fund (IMF) report of 2010 confirms the credit worthiness of Africa attracted capital and Foreign Direct investment (FDI) and facilitated local market development. The mobilisation of private sector capital investment in Africa is strengthening and becoming a significant factor. The global financial crisis hasn't dampened the demand for sovereign ratings as they helped sustain the rate of investment.
In this report
independently written by our Market Intelligence & Research Unit (MIRU) to find out more about this flourishing region.