5 reasons why Africa should be your next investment destination
?Investing in Africa provides unique access to trade and investment opportunities across the African continent and with expanding economies, it's now an irreplaceable investment destination. Are you searching for reasons to invest here? Take into account the following factors.?
In light of the steady inflow of foreign direct investment into the continent, African governments are making flexible policies to encourage more inflows.
2. Consumer Increased Demand
A report by World Data Lab describes Africa as a growing middle class. Investors with consumer-oriented business models should consider Africa in order to benefit from the growing middle class.?
3. Untapped Markets?
The continent has over 800 trillion cubic feet of natural gas, with Nigeria, Algeria, and Senegal taking the lead. The report predicted the continent's natural gas expansion by 80% in 2035.
4. Availability of Raw Materials
A report by the United Nations Environment Programme shows that the African continent is home to 40% of the world's gold and 30% of mineral reserves.
5. ?Digital Acceptance?
Over the last eight years, the number of people connected to the internet in Africa doubled to 28% — owing to increased broadband internet coverage and smartphone penetration.?