www.investinginafrica.net Investing In Africa Africa is a continent with significant untapped economic potential, which presents opportunities for investors. It is the second largest continent, with an estimated area of 30 368 609 Km 2 . In the next 20 years, forecasts show that Africa will surpass the 2 Billion population mark, with at least 1, 2 Billion people living in urban cities. Of these, about 300 Million people will be earning US$20 a day, effectively creating a US$2 Trillion market annually, according to the African Development Bank. This growing population compounded with the effects of urbanisation and rising levels of affluence, is likely to attract investors into most of Africa`s frontier markets. This phenomenon has already begun, at the July 2012 China-Africa co-operative summit, the Chinese government through the China Export-Import bank pledged US$20 Billion in new loans over the next 3 years to Africa. Interestingly, it seems that Africans are realising
Economics, Business and Finance