1. The IMF and Mozambique to Host the Africa Rising Conference on Economic Successes and Challenges in Sub-Saharan Africa - The conference will take a look at Sub-Saharan Africa's continuing strong economic performance and some of the continuing regional challenges. We fully expect to hear more about the agricultural needs of the region and the desire of many countries to see increased investments int this sector.
2. Kenya Replacing Traffic Police with CCTV Cameras in Nairobi - Kenya continues to tackle traffic congestion and security concerns in Nairobi by utilizing CCTV's to help monitor and control traffic, while freeing up the traffic police for other duties. This program holds potential for improving both security and logistics issues in the city.
3. Guinea to receive €140M for infrastructure and other development projects - The European Commission is providing Guinea with the money to help promote good governance, protect human rights, and improve the countries mobility and road infrastructure. With the countries recent peaceful elections, The potential high for Guinea to start down the economic growth path, which will bring more opportunities into the region.
4. Lesotho Taking Steps to Strengthen Inclusive Growth - Lesotho has seen economic growth average just over 5% for the last two years, in spite of some agricultural setbacks and internal policy problems. IN a effort to continue that growth pattern, Lesotho, with the agreement of the IMF, see it as the time to strike a balance between policies for economic stability and inclusive growth. With different strategies in mind, the country hopes to increase investment spending. As the policies shape up, Lesotho could soon be offering many opportunities for growth and investment.
5. Online Payment Solutions Coming to the Hospitality Industry in East & Central Africa - 3g Direct Pay, one of the region's leading online payment providers, is partnering with Slujan Events to offer online payment options for the 2nd Kenya Hospitality Trade Fair & Hotel Summit East Africa. As popularity with the payment solution rises, one can anticipate more travel related businesses accepting online payments in the region after the Summit. If it takes hold, this could drastically improve the ease of organizing travel arrangements into the regions while abroad.
6. The African Construction Industry Growing Rapidly - Urbanization, strong economic growth, and a growing middle class is creating waves in the African construction industry, causing projects to get larger and more complex. With the increased competition in financing these projects, it is requiring project owners to seek out alternatives to the traditional financing options. It is also creating the need for more cross collaboration, which is creating opportunities for both local and foreign firms in this growing space.
As always, these stories represent only a small portion of the progress being made across the continent daily. We hope they help to illuminate the good going on across Africa. If your organization wants to blaze a new trail, consider Africa and its many opportunities. Need a hand setting your strategy or learning how to manage the associated risks? Contact Us to see how we can help your organization evaluate these opportunities and create your entrance strategy.
From everyone at Res Rei, enjoy your weekends and start your next week off thinking about how you can grow your company further.
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