Eight Facts About Investing Africa

People ask me a lot about the financial climate in Africa and where they might considering investing. Here’s a few recent facts about the African continent economies…

• ZAMBIA has become Africa’s investment hot spot, having experienced a large appreciation of the kwacha against the dollar. There as also been huge growth in areas of copper production.
• The Zambian kwacha has appreciated 20,9% in the year to date against the dollar.
• The kwacha is expected to appreciate further, prompted by the revenue Zambia would receive from a windfall tax on copper earnings.
• Between 2005 and 2006, the value of Zambia’s copper exports more than doubled, reaching $2,7bn.
• The Zambian stock market has returned 36,44% in the year to date.
• Investors interested in Africa should consider looking at funds that invest in sub- Saharan Africa.
• Democracy is becoming more entrenched in African countries and, overall, politics has improved on the continent. Mauritius, Cape Verde, Nigeria, Tanzania, Tunisia, Morocco and Egypt have good political rankings.
• Nigeria and Tunisia are also favorable to investment right now.

But don’t take my word for it, go the source!