Growth in Africa continues to outpace advanced economies and many emerging market peers. Improving macroeconomic conditions, greater political stability and improvement in the ease of doing business in many African nations are attracting greater interest and investment. With greater disposable income, Africa’s growing middle class is also attracting interest, with the continent increasingly being seen as a destination for investors and multinationals looking for opportunities.
Emerging markets growth is also driving greater competition for natural resources. With rich resource reserves, Africa represents an important source of natural resources for companies looking to secure their supply.