The economic lagging of Africa in the global market can be easily seen through the major gap between its contribution to the world’s population (17%) and the world’s GDP (3%). The failure to optimally use the continent’s existing resources contributes to the gap. Unless the massive growth opportunities and risks
Tag: african continent
INVESTMENT OPPORTUNITIES IN AFRICA: AN OVERVIEW
Africa’s slow progress can be a cause of concern for prospective investors. However, investing in the emerging sectors will long-term benefits to those willing to wait. Strong demographics, rising sectors and abundant resources are some of the long-term growth opportunities. Strive Masiyiwa, chairman of the pan-African company Econet Group, remarked: