By Corporate Africa
UWIN (Unleashing the Wealth in Nations) recently released research that suggests that investors in Africa are increasingly positive as a result of increasing technological advances, most notably blockchain.
Selected key findings according to a BlockTribune report include:
- 42% of investors expect levels of corruption in Africa to fall compared to only 24% who anticipate it will increase
- 46% of professional investors expect Africa to enjoy some of the strongest economic growth of anywhere in the world over the next few years
- 54% of professional investors say Africa will attract more foreign direct investment because the continent will become more appealing to investors because there will be greater stability in the region, followed by 44% who said its young and fast-growing workforce give it an advantage over many developed countries that have the opposite.
- Between now and 2023, 42% of investors expect levels of corruption in Africa to fall compared to only 24% who anticipate it will increase
- Lack of infrastructure is seen as biggest obstacle holding back Africa – highlighted by 82% of professional investors interviewed.This is followed by a lack of robust regulation (78% of investors) and political risk (80% of investors). However, there is a strong feeling amongst investors that many of these issues are beginning to be addressed.
- Much of the investment into Africa is also expected to go on improving the infrastructure of the region – 80% of investors expect the use of Project Finance in Africa to increase over the next five years, and 88% believe the amount spent on infrastructure overall will increase.
- 64% of professional investors expect foreign direct investment into Africa to increase over the next five years’
- 46% believe Africa will enjoy some of the strongest economic growth of anywhere in the world
- Biggest obstacles to Africa reaching its potential are a lack of infrastructure, corruption and poor regulation.