Opportunities and Challenges
Supply chain optimisation
Governance
Leadership
Employee wellbeing
Key facts and figures
- 54 sovereign states
- 1 billion people
- US$2 trillion Africa’s collective GDP (more than India, less than Brazil)
- 7 African countries among the 10 fastest growing economies in the world 2010-15
- 5.5% Africa’s share of global FDI projects
- 26 states form the Tripartite Free Trade Agreement
- US$85 billion funding for African infrastructure in 2010
- 17 African countries ahead of India on the World Bank’s Doing Business Index
- The number of Foreign Direct Investment (FDI) projects in Africa grew 27% from 2010 to 2011, and have grown at a compound rate of close to 20% since 2007
Supply chain optimization
- Regional economic integration- including trade facilitation reforms- now a high level agenda priority.
- Sub-Saharan Africa leading in the number of reforms making electricity regulations more business-friendly.
- Inefficient trade environment: logistical barriers (time and cost of transport), documentation requirements and lengthy border procedures.
- Infrastructure and power deficits as growth inhibitors.
Governance
- In many countries, relative political stability is encouraging direct foreign investment (notably in natural resources).
- Overall decline in war and civil strife.
- In many countries, lack of transparency and corruption still a problem.
- Lack of impactful legal institutions able to enforce business regulation.
- In some countries, political instability/risks remain.
Leadership
- Improvements in education and returning diaspora members improving and broadening quality of leadership.
- Private citizens increasingly involved in politics & civil-society groups.
- Limited talent pipeline.
- Low global competitiveness of the region
Employee wellbeing
- Malaria deaths and HIV infections has decreased in many of the worst-affected countries.
- Falling child mortality and increasing life expectancy.
- Continuous battle against HIV/AIDS
- Non-communicable diseases (NCDs) a rising concern.
- Rise of malaria and TB related illnesses