Ghana
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Why It’s Time To Invest
Ghana is considered one of the most stable, peaceful and democratic
nations within the African continent. The West African country has seen
five free elections and steady governance rendering growth and
development. It has become something of a leading light within the
continent.
Ghana’s has one of the highest GDP’s per capita in West Africa. The
country has a diverse and rich resource base with gold, timber, cocoa,
diamond, bauxite and manganese being the most important sources of
foreign trade.
It is the world’s second largest cocoa producer; Africa’s second
largest gold exporter; and, since 2010, the continent’s newest oil and
gas producer.
With an open and entrepreneurial approach to business, English as the
official language, and a secure, peaceful and friendly environment for
international visitors, Ghana is fast developing as the leading gateway
to Africa.
Nigeria
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With a population of 162 million people, Nigeria is currently one of
the world’s major investment destinations and one of the fastest growing
economies in the world. A burgeoning middle class has created huge
opportunities for businesses in consumer markets such as financial
services, food, energy and telecommunications.
Although the Nigerian economy is heavily dependent on revenues from
oil and gas, the administration of President Goodluck Jonathan is
committed to diversifying and reducing dependence on crude oil exports.
Focus in recent times has been on increasing non-oil exports and
reviving the agricultural sector.
Rwanda
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Why It’s Time To Invest?
Rwanda is a small nation that refuses to be ignored in the jungle of
large economies of East Africa. Most of the population of Rwanda live
upcountry and are dependent on agriculture.
Information and Communication Technology is a central engine to
driving Rwanda’s transformation to a knowledge based economy, a fact
Rwanda has acknowledged by allocating a budget to ICT – as a percentage
of its GDP – that is at par with OECD countries.
Rwanda continues to be one of the fastest growing African countries
in ICT and there are several avenues for growth for the ICT sector –
from e-commerce and e-services, mobile technologies, applications
development and automation to becoming a regional center for the
training of top quality ICT professionals and research. A robust ICT
industry can create wealth, jobs and entrepreneurs.
South Africa
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Why It’s Time To Invest
For long south Africa has held the position of the most popular
foreign investors attraction in Africa, but this is changing fast due to
the fact that most of the sectors in the Africa’s biggest economy have
already been taken and held tightly by former investors thus leaving
very few spots in the economy for new investors.
Nevertheless, South Africa still offers many opportunities for
foreign investors. Its large population makes it an ideal market for
consumer products and other ventures such as real estate,
telecommunications and agribusiness.
Tanzania
Tanzania has emerged as the most attractive investment destination in
East Africa and the ninth best in Africa, according to a report
published by Rand Merchant Bank, “Where to Invest in Africa: A Guide to
Corporate Investment”.
Tanzania’s gold reserves continue to attract investor interest over
the medium term. The country’s relatively well-educated labor force,
coupled with political stability and the government’s sound
macroeconomic management of the economy, add to the country’s
attractiveness. But the relatively small domestic market, poor
infrastructure network and high levels of bureaucracy are a barrier to
investment in the non-mineral sector of the economy.
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