1. Uganda Attracting Significant Funds as Investors look Outside Asia for Growth - With investors that target frontier markets searching outside of Asia for new opportunities, Africa finds itself attracting significant funds in many sectors. In specific, Uganda's recent business and investment reforms have created an environment that is very attractive for those looking to invest in growing economies.
2. Malawi has Large-Scale Agricultural Opportunities across Eight Sectors - With access to solid transportation networks for regional and international economies, Malawi presents excellent opportunities for agribusinesses involved in cotton, tea, macadamia nuts, Arabica coffee, soya beans, cut flowers and fruit and sesame processing.
3. IBM Tech Innovator Returns to Africa - After twenty years of living abroad, Uyi Stewart returns to Africa to run the IBM research lab in Nairobi, Kenya. He is calling on other innovators to return to Africa, reduce the brain drain, and work to create innovative solutions to the continent's problems.
4. Hilton & Legacy Hotels Eye sub-Saharan Africa - Marc Schumacher, the new general manager of the Hilton International in Cape Town stated that Hilton planned to expand from its existing 11 country portfolio to be in every major city in Africa within the next 5 to 10 years. He is quoted as saying “We believe in Africa. The growth in its prosperity is fantastic.” Legacy Hotels, a Hilton partner is also planning to grow its 16 hotel portfolio, recently adding a hotel in Gabon.
5. Cameroon Seeks to Create First Commodities Exchange in French-Speaking Africa - The Cameroon Minister of Trade and the International Cocoa Organisation announced a feasibility study to explore the creation of French-Speaking Africa's first agricultural commodities exchange. The hope is to improve the sales platform for cocoa in the region.
6. China's Economic Slump Unlikely to Stem sub-Saharan Africa's 6% Growth - Good news for those concerned that sub-Saharan Africa's growth depended on the Chinese Economy. The African Development Bank stated that sub-Saharan Africa will likely achieve more than 6% growth this year in spite of slow downs in China's economy; however, their outlook for North Africa is as positive. Thanks to economic diversification over the last few years, the slump in commodity prices, thanks to the Chinese slow-down, the various economies will still be able to grow. According to the African Development Bank, commodities only account for about one-third of what is going on in sub-Saharan Africa these days. Overall, this is good news going forward.
As you can see, even with the slow downs in the Chinese economy, growth is expected to continue across sub-Saharan Africa. If your organization wants to find new growth markets, consider Africa and its many opportunities. Need a hand setting your strategy, learning how to manage the associated risks, or ensuring security is in place? Contact Us to see how we can help your organization evaluate these opportunities and help you expand into the continent.
From everyone at Res Rei, enjoy your weekends and start your next week off thinking about how you can grow your company further.
Res Rei
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