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Market Brief - Africa Economic Financial Brief 22-26 July 2013
African economies rank among the most resilient in the world and many African countries are among the fastest growing countries globally. Africa is well positioned to become the second fastest growing region after Asia. The economic performance of African countries is increasingly attracting foreign investors which have traditionally been skeptical over investing in the continent. Major economic, social and political reforms undertaken by numerous African countries have created a business-friendly environment conducive for foreign investments.
Also, as undergoing structural transformation (coupled with a demographic boom and emerging middle-class) changes the landscape of the continent, Africa is rising as an alternative to traditional investment destinations in developed and emerging regions. Global investors are seeking investment in Africa for various reasons ranging from higher commodity prices to the huge consumption potential of the continent. Nevertheless, much still needs to be done to further attract foreign investors and to compete with other emerging investment destinations.