Business Environment
Sub-Saharan Africa, home to more than 1 billion people, half of whom will be under 25 years old by 2050, is a diverse continent offering human and natural resources that have the potential to yield inclusive growth and wipe out poverty in the region, enabling Africans across the continent to live healthier and more prosperous lives.
Free Trade
With the world’s largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people.
The region is composed of low, lower-middle, upper-middle, and high-income countries, 18 of which are fragile or conflict-affected.
Population does not matter
Population does not matter
Africa also has 13 small states, characterized by a small population, limited human capital, and a confined land area.
Reasons to Invest
The African continent is gradually moving from receiving grants and deficits to one of opportunities, investment, creativity, and development. This is due to the growing youth population, the urbanization expected to drive over 50% of Africans to cities by 2050, and Africa’s formalizing economy.
Infrastructure development is a key driver for progress across the African continent and a critical enabler for productivity and sustainable economic growth. It contributes significantly to human development, poverty reduction, and the attainment of the Millennium Development Goals (MDGs).
Infrastructure
Investment Incentives
Investment in infrastructure accounts for over half of the recent improvement in economic growth in Africa and has the potential to achieve even more. For Africa, the need for adequate infrastructure—secure energy, efficient transport, reliable communication systems, resilient sanitation, and affordable housing—is particularly apparent
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