Africa’s growing economic clout is well known, and the continent – once often overlooked by investors – now offers some of the highest rates of returns in the developing world. Even as population growth, technological adoption and rising purchasing power stoke activity in service and industrial sectors, traditional drivers of growth such as agricultural and extractive industries are seeing rising productivity, expanding output and improved revenues. There are still plenty of challenges, ranging from infrastructure to poverty reduction, but the momentum is clear.
However, understanding what drives Africa’s most dynamic frontier and emerging economies is challenging, both because of their complexity and their variety. OBG’s analysis is premised on extensive field research, providing an accurate and authoritative review of the challenges and opportunities facing investors.