WHY AFRICA

Despite the commodities crash and infrastructural constraints, many African economies continue to have respectable rates of growth driven mainly by strong domestic demand, improved macroeconomic management, a growing middle class, and increased stability.  Since 2005, 20 countries in Africa are among the top 50 most-improved world economies in business regulatory efficiency.  Economic growth in 2016 is projected to be 4.4 percent and increase to 4.8 percent in 2017. By 2050, the African population is forecast to rise to at least 2.4 billion.  Per the U.S. Geological Survey, Africa holds the second-largest reserves of industrial diamonds, manganese, bauxite, cobalt, platinum group metals and zirconium. Around 85 percent of global phosphate reserves are located in North Africa.  Central Africa has copper, cobalt, nickel, gold, uranium and iron ore deposits. Africa will continue to be both a formidable and potentially lucrative environment, but only the hardiest will thrive.