Africa Is a Second Largest Continent
AFRICA AS THE SECOND LARGE CONTINENT WHEN FOCUSING ON TELECOMMUNICATION, IT, RETAIL, MANUFACTURING, EDUCATION AND HEALTH
INTRODUCTION
Since the beginning of the new millennium Africa’s economic growth has gained momentum and between 2000 and 2010, the continent was the third fastest growing region globally. Africa is entering a new era as the world starts to look at the continent’s markets and business for opportunities. Africa seek partnerships with international investors that will help their business interest while empowering its population and ensuring that natural resources are leveraged for future development as our economies grow.
Private sector has a crucial role to play in this process as its best placed to give African entrepreneurs a chance to engage meaningfully in the development of the continent, private sector is the engine of growth in the new Africa. Investing in Africa have some challenges such as: corruption, trade barriers, weak legal systems, excessive and inefficient bureaucracy, infrastructure deficits, a surfeit of politics, a lack of political will to implement regional projects as politicians continue to focus on quick wins designed to woo voters.( Games 2012)
Africa is the second largest continent in the world with a population of more than one billion. Previously Africa the continent of poverty, scarcity, disease, decaying infrastructure, corruption, struggle, crime and brutal violence is now a continent where wise investments can offer high rates of return with its high population playing a very big role. In this assignment we will be focusing on different sectors namely the Telecommunication and IT; Retail; Manufacturing, Education and the Health Sectors in which potential investors can look into in terms of investing.
African countries have policies for Foreign Direct Investors (FDI). The central thrust of policy should be the creation of a supportive business environment. By remaining obstructive and unnecessary
INTRODUCTION
Since the beginning of the new millennium Africa’s economic growth has gained momentum and between 2000 and 2010, the continent was the third fastest growing region globally. Africa is entering a new era as the world starts to look at the continent’s markets and business for opportunities. Africa seek partnerships with international investors that will help their business interest while empowering its population and ensuring that natural resources are leveraged for future development as our economies grow.
Private sector has a crucial role to play in this process as its best placed to give African entrepreneurs a chance to engage meaningfully in the development of the continent, private sector is the engine of growth in the new Africa. Investing in Africa have some challenges such as: corruption, trade barriers, weak legal systems, excessive and inefficient bureaucracy, infrastructure deficits, a surfeit of politics, a lack of political will to implement regional projects as politicians continue to focus on quick wins designed to woo voters.( Games 2012)
Africa is the second largest continent in the world with a population of more than one billion. Previously Africa the continent of poverty, scarcity, disease, decaying infrastructure, corruption, struggle, crime and brutal violence is now a continent where wise investments can offer high rates of return with its high population playing a very big role. In this assignment we will be focusing on different sectors namely the Telecommunication and IT; Retail; Manufacturing, Education and the Health Sectors in which potential investors can look into in terms of investing.
African countries have policies for Foreign Direct Investors (FDI). The central thrust of policy should be the creation of a supportive business environment. By remaining obstructive and unnecessary
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