JOHANNESBURG – Opportunities for investment in Africa outweigh the obstacles, stated a report by the African Development Bank (AfDB) on Africa-to-Africa investment.
The A2A Report, the first on inter-African trade published by the AfDB, features eight publicly-listed and privately-owned African companies operating in consumer services, finance, industry, media and diversified portfolios and investment, with home bases in Morocco, Nigeria, Togo, Ethiopia, Kenya, Mauritius and South Africa.
According to the report, more African companies are investing on the continent and have confidence in its long-term growth potential. They are capitalizing on their knowledge of local markets to generate higher returns and impact.
“As global foreign direct investment to Africa falls, intra-African investments are picking up pace,” said AfDB Group President Akinwumi Adesina.
“Africa’s big companies are increasingly on the move and expanding their African footprint. It is through more investments that the continent can build inclusive, sustainable growth and development."