(MENAFN Press) The African economy has started to boom after a sustainable period of ignorance by the multinational companies. The scenario has now started to change where people are more interested to invest in Africa. Investors of the global commodity market soon realise that the return on investment in Africa was relatively higher as compared to the other countries and is expected to rise exponentially
Investments in Africa 2013 which will be held on the 5th and 6th of March in Johannesburg will address the challenges and the profitable opportunities available in the region coupled with the regulatory policies with a focus on financial stability.
In an exclusive pre “ event interview, Daniel Broby, CIO of Silk Invest Limited said, "The building out of local yield curves, in order to better price risk, and the better provision of liquidity on the exchanges, will all also make African investments more attractive." He added further that, "Africa lacks capital not opportunities. The provision of that capital will further stimulate growth."
A dedication session entitled, 'Scenario Check: Is The Infrastructure Supportive of The Growing Economy of South Africa', will be addressed by Christopher Mashigo, Executive Manager “ Business Development from Coega Development Corporation.
In his presentation, Mashigo will discuss the role of China in Africa's growth and focus on how banking institutions will shape the African Infrastructure. According to him, "Six of the ten fastest growing economies in the world in the past decade were in SSA and the trend is expected to continue in the future. Today the rate of return on foreign investment in Africa is higher than in any other developing region. A large market: 840 million people, with a total US1.9 trillion in purchasing power, making it larger than some of the BRICS. favorable demographics: from a rapidly growing population and labor force, to growth in the middle class, rapid urbanization; 50% of the population will live in cities by 2035. By 2040, Africa will be home to one in five of the planet's young people and will have the world's largest working-age population. A sharp reduction in political conflicts, improved macroeconomic environment, with inflation and budgets broadly under control will provided a better business climate owing to regulatory reform and privatization. Improved access to and integration with international capital markets."
Supported by Pan African Chamber of Commerce and Industry (PACCI), this forum will convene industry experts from The World Bank, Africa Export-Import Bank, Durban Chamber of Commerce, Johannesburg Stock Exchange, Jindal Africa, Ghana Free Zones Board and many more. Participants will be involved in knowledge-sharing sessions, relevant case studies and panel discussions to explore new opportunities in Africa.