5 Hotspots for investment in Africa

5 Hotspots for investment in Africa

Despite some headwinds, pan-African lender Ecobank notes some African countries are still growing fast on the back of increasingly diversified economies, an expanding consumer class and rising capital inflows. They pointed 5 hotspots for investment in Africa and atJobnetAfrica we wanted to share this with you.

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1. Ethiopia

Africa’s second most populous nation has, over the last decade, recorded rapid economic growth which is likely to continue in coming years. A large – and mostly young – population, rising income levels and urbanisation are also influencing investor interest in Ethiopia.

2. Côte d'Ivoire

After almost a decade of political instability, Côte d’Ivoire has emerged from the rubble to become a formidable economy in francophone West Africa. The commercial capital Abidjan is a nest of business activity. The country also holds opportunities in agriculture. It is a leading producer of cocoa and rubber, and the government has recently sought to revive coffee and cotton production.

3. Senegal

Senegal’s economy will likely grow by more than 6% this year. In 2014 Senegal adopted a development strategy, Plan Sénégal Emergent, to accelerate public and private investment in 18 key projects across industries such as infrastructure, mining and agriculture.

4. Ghana

The economic growth in Ghana will be driven by economic reforms the government is working on with the IMF, improved cocoa output and a possible slight rise in global commodity prices. Besides the crude oil industry, Ghana is also attractive for investment in agriculture, real estate and financial services.

5. Kenya

East Africa’s largest economy has a well-established private sector base, agricultural resources and a relatively educated workforce. Ecobank notes ongoing reforms, greater private consumption, public infrastructure investment and favourable weather conditions will accelerate Kenya’s growth in 2016.

You can read more about the 5 hotspots for investment in Africa on How we made it in Africa.

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Warm Regards,
Inez

JobnetAfrica