Power Africa Draws New Investment to Region
The U.S. initiative that aims to double access to electricity in sub-Saharan Africa has drawn new investments to the fast-growing region, according to representatives of three key agencies that support the project.
"We are seeing developers investing for the first time in power in emerging markets. We're seeing developers we've never seen before. We are also seeing with the private sector in Africa an opportunity to partner with American companies," said Mimi Alemayehou of the U.S. Overseas Private Investment Corporation (OPIC). OPIC mobilizes private capital to help solve critical challenges in developing countries.
Obama to invite leaders to US-Africa summit
THE US is joining the fashion for summitry with Africa. President Barack Obama will host the first US-Africa Leaders’ summit in Washington on August 5 and 6.
France, China and Japan have led the way recently in upgrading diplomatic and other links, bolstered by the enthusiastic mantra in business and investment circles about "Africa Rising".
"President Obama looks forward to welcoming leaders from across the African continent to the nation’s capital to further strengthen ties with one of the world’s most dynamic and fastest-growing regions," the White House said in a statement.
Mauritian opportunities excite South African investors
SOUTH African investor interest in Mauritius has grown strongly over recent years, from individuals taking up incentivised properties as well as from big business, says Nitin Pandea, a senior director at the Mauritian Board of Investments.
Mr Pandea said in Sandton on Wednesday that South Africans had bought a third of all Mauritian integrated resort scheme (IRS) properties and smaller-scale real estate scheme properties sold to date. Two large IRS schemes have been completed while six are under construction.
The schemes are an initiative of the Mauritian government and are designed to encourage resort and residential property investments by noncitizens.
Why Africa Is The Hottest Growth Opportunity Of The Century
Africa often gets left out of the emerging markets conversation. If anything, most of the continent is still considered a frontier market, or an emerging market of the future.
While countries like China represent the most attractive growth opportunities today, Africa is arguably the most exciting opportunity for the next century.
Why?
In one word: demographics.
"In Africa, the "young continent," projections are for the African population to exponentially grow from current levels, close to Europe, to four times the size, and approaching Asia, in the next 100 years (see Figure 3)," said Citi's Philip Watson.
