Invest Africa 2024 Regional Outlook Series - Lusophone Africa
Invest Africa Insights
by Invest Africa
3w ago
In 2024, Africa grapples with a complex landscape, encompassing supply chain disruptions, geopolitical tensions from Russia's invasion of Ukraine, the persistent impact of COVID-19, rising inflation, and conflicts in the Middle East. Amidst these challenges, African nations are urged to leverage industrialisation opportunities, potentially catapulting the continent's GDP by 20%. Anticipating economic growth, countries like Angola and Mozambique are poised for a 6.2% expansion in 2024, surpassing the previous year's trajectory. Mozambique stands as the 16th fastest-growing economy, engaging in ..read more
Visit website
Invest Africa 2024 Regional Outlooks Series - East Africa
Invest Africa Insights
by Invest Africa
1M ago
In 2024, Africa is set to be the second-fastest growing major region, with most countries experiencing accelerated economic growth compared to 2023. East Africa, led by Ethiopia, Kenya, Tanzania, Uganda, and Rwanda, is poised to be at the forefront, contributing to Africa's real GDP increase from 2.6% in 2023 to 3.2%. However, political risks may rise due to elections in some major African economies. Following prominent multilateral events in 2023, including the inaugural Africa Climate Summit, Africa's vulnerability to climate change has gained greater attention. East Africa lags in meeting i ..read more
Visit website
Invest Africa 2024 Regional Outlook Series - North Africa
Invest Africa Insights
by Invest Africa
2M ago
The economic dynamics and political landscape within the framework of Africa’s North markets for the 2024 fiscal year present a nuanced scenario.  The growth in North Africa is estimated to have decreased by 1.3 percentage points to 4.1 percent in 2022. This decline was attributed to the sharp contraction in Libya, accounting for 6 percent of the region’s GDP, and the impact of drought in Morocco, constituting 13 percent of the region’s GDP. A more robust growth trajectory is anticipated in 2023–24, averaging 4.5 percent. This resurgence is underpinned by a strong recovery in both Libya a ..read more
Visit website
Invest Africa 2024 Regional Outlooks Series - Southern Africa
Invest Africa Insights
by Invest Africa
2M ago
Southern Africa’s regional economic performance in 2023 compares unfavourably to that of other sub-regions, with growth slowing to 3.3% from 4% in 2022. The outlook for 2024 is uncertain due to the Southern Africa region remaining subject to significant downside risks. Over the 2023-2024 period, six Southern African countries (Botswana, Mauritius, Mozambique, Namibia, South Africa, and Zimbabwe) will hold presidential and/or parliamentary elections. These elections could exert upward pressure on wages and public spending, challenging fiscal discipline and the implementation of bold structural ..read more
Visit website
Invest Africa 2024 Regional Outlook Series - West Africa
Invest Africa Insights
by Invest Africa
2M ago
From supply chain disruptions stemming from Russia’s invasion of Ukraine to the lingering effects of COVID-19 to increased inflation and interest rates, and recent conflicts in the Middle East,  2024 is sure to bring a multitude of challenges and opportunities to Africa. However, against this backdrop of polycrisis, African countries have been urged to seize the opportunity presented with industrialisation which could see the continent’s GDP grow by 20%. While growth in West Africa slowed to 3.6% in 2022 from 4.4% in 2021, it is projected to pick up in the medium term, reaching 4.1% in 20 ..read more
Visit website
East Africa Outlook 2023
Invest Africa Insights
by Invest Africa
1y ago
Spearheaded by the increased strength of Kenya, Tanzania, and Rwanda’s national economies, East Africa has become the fastest growing region of the continent in recent years. However, the impact of the COVID-19 pandemic coupled with the Russian invasion of Ukraine has derailed the region’s growth trajectory. Rising food prices have become a key area of concern regarding food security, especially as the region is grappling with drought. An estimated 55 million people in East Africa are expected to be food insecure, up from 42 million in 2021 (World Bank, 2022). Nevertheless, the agriculture, co ..read more
Visit website
West Africa Outlook 2023
Invest Africa Insights
by Invest Africa
1y ago
West Africa will be striving for economic growth against the backdrop of a major pair of twin shocks: the lingering COVID-19 pandemic and the Russia-Ukraine conflict. While GDP is set to decline by 1.2% in Burkina Faso, Mali, Cote d’Ivoire, and Senegal, Niger’s GDP is forecast to increase (AfDB,2022). As most West African countries are import dependent, the soaring inflation rates both within the sub-region and globally will undoubtedly lead to higher import bills and thus risk eclipsing the level of exports (WADO,2022). The challenge for the Economic Community of West African States (ECOWAS ..read more
Visit website
North Africa Outlook 2023
Invest Africa Insights
by Invest Africa
1y ago
The theme across the African continent for national economies in 2023 is uncertainty. North Africa’s regional growth is forecast to slow down in terms of real GDP growth, from an average of 4.2% in 2022 to 3.8% in 2023. The course of the Russia-Ukraine conflict remains highly unpredictable, resulting in unstable inflation rates consequently pushing up food and fuel prices for large sections of societies across North Africa. Economic recovery will be uneven as oil and gas producers in the region such as Algeria and Egypt have the potential to benefit from elevated energy prices and an internati ..read more
Visit website
Transforming Cross-Border Payments through Digitalisation with Bhairav Trivedi, CEO, Crown Agents Bank
Invest Africa Insights
by Invest Africa
1y ago
This week on Invest Africa Insights we spoke to Bhairav Trivedi, CEO of Crown Agents Bank, about how fintech is disrupting banking in Africa and the role of digital currencies in enabling cross-border payments as the continent looks to boost regional trade. More information about Crown Agents Bank: https://www.crownagentsbank.com/ More information about Invest Africa: www.investafrica.com ..read more
Visit website
Africa's Tech Opportunity with Fred Steiner, Managing Director, BCCM Advisors
Invest Africa Insights
by Invest Africa
1y ago
This week on Invest Africa Insights we speak to Fred Steiner, Managing Director, BCCM Advisors about why we have only seen the start of tech's potential in Africa, Egypt's rapid rise as a tech hub and his approach to investing in high-growth businesses.  For more information about BCCM Advisors: https://bccmadvisors.com/ For more information about Invest Africa: www.investafrica.com ..read more
Visit website

Follow Invest Africa Insights on FeedSpot

Continue with Google
Continue with Apple
OR