Africa

The next business frontier

Countries and Markets

Over the past 10 years, thanks to economic reforms and better governance, the African economy has experienced the fastest growth in the world (4-7%), and according to a report by the African Development Bank, the continent is set to grow further and to accelerate in the coming years.

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Africa is the most profitable region in the world

A report by the United Nations Conference on Trade and Development states that between 2006 and 2011, Africa had the highest rate of return on foreign direct investment inflows: 11.4%. This is compared with 9.1% in Asia, 8.9% in Latin America and the Caribbean. The global figure is about 7.1%.

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An immense territory rich in natural resources

Africa covers more than 30 million km2 and it is estimated to contain over 65% of the natural resources of the entire planet (gold, oil, copper, iron, bauxite, etc.) and an immense resource such as arable land ; a good example of investments is that of ENI in Mozambique and the natural gas field.

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Africa's expected economic growth is among the brightest in the world

Six of the twelve fastest growing countries in the world are located in Africa (Ethiopia, the Democratic Republic of Congo, Ivory Coast, Mozambique, Tanzania and Rwanda). Furthermore, between 2018 and 2023, Africa's growth prospects will be among the highest in the world, according to the IMF (International Monetary Fund).

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A very young population… and dizzyingly growing

70% of Africans are under the age of 30. The continent's population is projected to quadruple from 1.19 billion in 2015 to 4.39 billion by 2100. In 2015 alone, 200 million Africans entered the consumer goods market. Maximizing this bourgeois market size requires actively engaging in the structural economic transformation of Africa.
Furthermore, Africa's youth population contributes to the abundance of labour, which is one of the region's greatest potential for labour-intensive industrialization and reduces production costs, leading to benefits that far outweigh the costs of doing business in the continent.

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Better fiscal and economic policy

African economies are engaging more in diversification of the production, compared to the current focus on exports of raw materials. Furthermore, from a fiscal point of view, many African economies have begun to implement countercyclical policies, mitigating the economic impact resulting from the volatility of commodities’ prices.

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Infrastructure is rapidly improving

New airports, roads, ports and power plants are being built across the continent. Moreover, the African continent does not have a past structural baggage, so it is very open to the adoption of the latest technologies which, in some cases, brings faster progress than many Western countries. This is another advantage for exports to Africa.

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Less wars and diseases, more education

Over the past twenty years, the continent has recorded an important reduction in armed conflicts and an improvement in political conditions, as well as in all the main social indicators.

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Economic transformation

It is a critical point on the agenda of most African countries: some of these developments include improvements in macroeconomic caution and general governance.

For example, the evidence provided by the 2017 Ibrahim African Governance Index shows that Africa's global governance index has improved at an annual rate of 1.4% since 2007, an improvement of more than 5% in at least 12 countries, including the Ivory Coast, Tunisia, Rwanda, and Ethiopia. This improvement helps mitigate the perceived risks for many investors across the continent.

[source: exportiamo.it 2018 & un.org 2019]

Your business growth in Africa is our goal

Our mission is to find reliable business partners to develop and implement profitable, sustainable, and lasting business projects for our customers.
Our business methodology is based on the "WIN-WIN" principle, that is of developing a winning market strategy and a mutually beneficial business relationship between the company investing in a new market and the local counterparts.