2024年非洲投资指南（英）-15正式版.doc

WHERETOINVEST

INAFRICA

2024

ALEADINGAFRICANCORPORATEANDINVESTMENTBANK

CONTENTS

FOREWORD3

WHYAFRICA?5

AMODELFORAFRICA11

WHERETOINVESTINAFRICA14

INVESTABLEMARKETSSEENFROM30,000FEETABOVE20

ARCHETYPES26

COUNTRYSNAPSHOTS41

THEAFRICANCONTINENTALFREETRADEAREA135

SUSTAINABILITYINAFRICA139

CONCLUSION145

APPENDIX:METHODOLOGY146

REFERENCES153

EXECUTIVE

FOREWORD

WHYAFRICA?

FOREWORD

AMODEL

FORAFRICA

WHERETO

INVESTIN

AFRICA

Africaisnavigatingsigni?cantturbulenceandEconomically,globalin?ationhasprovedmoreperformanceandpotential,marketaccessibilityand

INVESTABLE

MARKETSSEEN

FROM30,000

FEETABOVE

transformationsfrommultiplefronts.Geopolitically,persistentthaninitiallythought,forcingmajorcentralinnovation,economicstabilityandinvestmentclimate,

therearetwomajorwarsthataredrivingtheworldbankstomaintainpolicyratesathighlevelsforlongeraswellasinsocialandhumandevelopment–allof

ARCHETYPES

economiesintothreeaxes–UnitedStates,Chinaand

thenon-alignedandpersistenttensionsbetweenthe

thananticipatedandkeepingthecostoffundingfor

manyAfricancountrieselevated.

whicharefactorsthathavebeenproventodetermine

acountry’sprogressandthereforeits

COUNTRY

SNAPSHOTS

USandChinaaredisruptingglobalvaluechains.

ThewarbetweenRussiaandUkraine–the?rst

Amidthesecrosscurrents,ZambiaandGhanawere

forcedtoundergopainfuldebtrestructuringprocesses

investmentpotential.

Thesearethefactorsthatthisreport,theRMBWhere

THEAFRICAN

CONTINENTAL

FREETRADEAREA

majorwarinEuropeinmanyyears–hasfuelledthe

deglobalisationwhichgainedmomentumfromthe

thatresultedincurrencydevaluations.Egyptand

Nigeria,ontheotherhand,hadpolicy-drivencurrency

toInvestinAfrica(WTIIA),amalgamatesusingasimple

yetrobustmethodologytoconsistentlyproduceone

SUSTAINABILITY

INAFRICA

Trumpadministration’stradetaxes