by China Okasi
Despite the overwhelming narrative that Africa is “underdeveloped,” or lagging behind the global economy, a few investors harness their power of foresight when it comes to Africa and invest the continent’s stock exchange and natural resource industries.
In fact, late last year, Senegal’s president, Abdoulaye Wade, hosted an arts festival (Fesman2009.com) to draw Americans, especially African-Americans, towards Africa’s untapped investment opportunities.
“Africa is now the only continent that has plenty of natural resources,” Wade said. “This is why we have to prepare our people for this next opportunity. People will come to Africa, because Africa will be the last frontier.”
In an effort to explore Wade’s statement, we’ve compiled a list of five African countries that investors may love.
5. Ekiti, Nigeria
The state of Ekiti in Nigeria is rich in sugar cane and granite. Naturally, a group of investors from China’s Shan Dong Province plan to establish granite quarries and sugar cane plantations there this year.
Useful link: http://www.corporate-nigeria.ne
4. Tunis, Tunisia
The city of Tunis is often an investment pot for the Middle East. For example, Dubai invested a Century City Project in Tunis, just three years ago, that includes two huge residential complexes, quaus for yachts and seaside resorts. According to EstatesDubai.com, the project covers 830 hectares of land, and houses about 2500 international firms, in addition to fourteen five star hotels and a range of sports and recreational facilities.
Wise investors who want to research and explore investment opportunities in Tunis, can start with the useful link below.
Useful link: http://www.tunisia.com/tunisia/investing-business-proje
3. Johannesburg, South Africa
South Africa has increasingly become one of the most lucrative countries for investment in Africa. The city of Johannesburg has made it easier (read: cheaper) for its Stock Exchange investors to access real-time market information. For more information on how to invest in the city’s high-tech manufacturing initiatives and real estate, visit Joburg.org.
Useful link: http://www.joburg.org.za/content
