Africa is rising.
But most of the world is missing the opportunity.
Here are 10 compelling reasons why investing in Africa could be your next big move:
1. Massive market potential.
1.3 billion people - and growing.
By 2050, Africa's population will double to 2.5 billion.
That's a lot of potential customers.
2. Booming middle class.
By 2030, Africa's middle class will increase by 42 million.
The middle class will account for 1/3 of Africa's population.
More middle-class Africans means more consumer spending.
3. Growing tech ecosystem.
Africa has the world's fastest-growing mobile phone market.
93% of Africans access the internet via mobile phone.
The tech ecosystem is rapidly expanding.
4. Untapped resources.
Africa has the world's largest reserves of cobalt, platinum, and diamonds.
It also has 60% of the world's uncultivated land.
Untapped resources mean untapped opportunities.
5. Infrastructure development.
Africa needs to develop its infrastructure.
From transport to energy to water.
As infrastructure improves, investment opportunities grow.
6. Youthful demographics.
60% of Africa's population is under 25.
Youthful demographics translate into more innovators, entrepreneurs, and consumers.
7. Business-friendly policies.
Many African countries are implementing business-friendly policies.
Favourable policies attract investment, which spurs economic growth.
8. Natural beauty.
Africa's natural beauty is a tourist attraction.
The tourism industry generates revenue and creates jobs.
9. Joint ventures.
Large multinational corporations often enter into joint ventures with African companies.
Joint ventures can reduce costs and risks and access local knowledge and contacts.
10. First-mover advantage.
Investing in Africa now gives you a first-mover advantage.
As the African economy grows, so will the competition for investment opportunities.
The time to act is now.
