Africa is a continent with immense potential. It has the youngest population globally, and it’s projected to be the second-fastest-growing region after Asia. Africa offers many investment opportunities. The challenges are different from other regions, but investing there can be quite profitable if you know what you’re doing. This article will discuss 10 countries that offer excellent opportunities for investors looking to enter Africa!
Egypt- Egypt is Africa’s third-largest economy and has a population of over 91 million people. The country also offers many opportunities for investment in the tourism sector and IT and technology.
Nigeria- Nigeria is Africa’s largest economy and a member of the G20. The country has over 186 million people, most of whom are young entrepreneurs who have been trying to build their businesses. It offers good opportunities for investments in its oil sector as well as the agriculture industry.
Ethiopia- Ethiopia has one of the fastest-growing economies on the continent, with an annual gross domestic product growth rate of around 11%. It was recently named one of four African countries that will drive economic growth across Africa by 2030!
Kenya- Kenya has one of the largest economies on the African continent, and it’s also considered Africa’s gateway to Europe, Asia, and North America! The country offers excellent investment opportunities across numerous sectors such as finance, real estate & construction, telecommunications & IT services, and the travel & tourism industry.
South Africa- South Africa is one of the largest economies in Africa and has a population of over 56 million people. It offers excellent investment opportunities across numerous sectors such as financial services, real estate & construction, utilities, telecommunications & IT industry, etc., to name a few!
Tunisia- Tunisia has an estimated GDP per capita at $15,500 (estimated 2017), which makes it more than double compared with its neighboring countries Morocco ($9400), Algeria ($11100). The country also boasts of having North Africa’s most stable economy after Egypt.
Morocco: Morocco’s economy is considered to have the potential of being one of the best performing economies in Africa over the next decade. It has an estimated GDP per capita at $12,700 (estimated 2017). The country also boasts of having North Africa’s most stable economy after Egypt. It offers many investment possibilities across numerous sectors such as finance, real estate & construction, the automotive industry, etc.
Côte d’Ivoire: Côte D’Ivoire was once known as “The Pearl of West Africa,” but following a political crisis that ended with President Laurent Gbagbo being forced out of office in 2011, Côte D’Ivoire has struggled to get back on track. However, it’s still one of the most important economies and a large contributor to West Africa’s economy. It offers many investment opportunities across numerous sectors such as agriculture & agro-industry, transport & logistics industry, etc.
Mauritius- Mauritius is Africa’s second most competitive economy, according to the World Economic Forum (WEF). The country has a population of over 1285000 people. It offers many investment opportunities across numerous sectors such as the tourism industry, information & communication technology services, etc.
Uganda- Uganda was once known for having one of the lowest GDPs in East Africa. However, following its political stability coupled with several reforms that have been put in place since 2014, this has changed significantly. It now boasts being among the top 20 economies on the continent with an estimated GDP per capita at $1200 (estimated 2017). It also offers excellent investment opportunities across various industries, including the ICT sector, which employs over 80% of its workforce.