Opportunities for investment in Africa outweigh the obstacles, according to a report by leading African companies covered in the African Development Bank’s (AfDB) new Africa-to-Africa (A2A) Investment Report, the first ever report on inter-African trade published by the Bank.
The report revealed the realities African companies face when investing in the continent, the emerging trends in A2A investment and the steps African policymakers can take to accelerate intra-African investment.
According to the report, more African companies are investing in Africa, stating that such companies have confidence in the continent’s long-term growth potential.
“They are at the cutting edge of their industries, and are capitalising on their knowledge of local markets to generate higher returns and impact,” a statement from the AfDB explained.
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