Is Investing in Africa a Good Bet?
January 24, 2013
South African President Jacob Zuma at World Economic Forum 2013 Annual Meeting in Davos (Credit: WEC)
Many sub-Saharan countries have had sustained economic growth despite the global recession. But conflict, political instability and weather extremes in some areas may keep investors away. At the World Economic Forum in Davos, Switzerland, African leaders and others talked about what’s being done to make the continent more attractive to investors.
From the start, those on the panel questioned the title, De-risking Africa. South African president Jacob Zuma said, “I’ve been questioning myself about the topic. De-risking Africa. Is Africa risky more than any other region of the world? Somebody will have to explain to me because it looks like there’s a perception about Africa which needs to be dealt with.”
Mr. Zuma said that he takes issue with that perception, adding that many African leaders have taken measures to ensure stability in their countries.
“African leaders have collectively come together to do things that [are] going to make Africa to move forward. We have collectively dealt with the issue of democracy in the continent of Africa. We are entrenching democratic rule. We have taken a decision to grow our infrastructure; to grow our intra-trade. We are moving to integrate the five economic regions in the continent,” he said.
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