The economies of many African countries are growing at unprecedented rates–faster than many other developing regions and more than twice as fast as Western Europe or North America. GoodWorks has more than a decade of experience evaluating the prospects for growth and believes that many countries are poised to provide outstanding growth opportunities for foreign investors.
The African continent presents tremendous opportunities for investment in a variety of industries. In recent years there has been real change in government policies and legal practices, resulting a new vigor and optimism in the political and economic trends of Africa. These positive changes include:
- An increased number of democracies during the last decade;
- Economic liberalization and increased privatization;
- Legal reforms; and
- New national policies and systems designed to facilitate private sector growth and encourage foreign investment.