Why invest in Africa?
Africa is too big to ignore.
Although challenges remain, long-term fundamentals are strong and recent developments leave us optimistic.
Its young, urban and tech addict people
- 1.5 billion souls...and counting
- 67% under the age of 30
- 56% to leave in cities in 2050, from 40% today
- Mobile phones and technology are already transforming financial services, agriculture, healthcare...
A large consumer market fuelled by a growing middle class
- By 2030, some 130 million additional people are likely to enter the consuming class, similar to India
- Until then, Africa's consumer market is expected to growth by $600 billion, taking the total to $2.2 trillion
A wealth of natural resources
- Mineral reserves and potential likely to be underestimated since Sub-Saharan Africa remains largely unexplored
- 60% of the world's available arable land, and competitive labor cost set the scene for Africa's agricultural revolution
Improved governance & macroeconomic environment
- Prudent economic policies have contributed to lower public debt-to-GDP ratio, controlled inflation and reasonable budget deficits
- A majority of countries now have democratically elected governments
This creates long term opportunities across sectors
Agriculture
Consumer Goods
Real Estate
Retail
Banking
Infrastructure
Beverages
Telecom