Africa's Business Renaissance: A Continent on the Rise

By Ramas Ramas -

 



Africa is emerging as a hotspot for foreign investment, with foreign direct investment (FDI) reaching over $80 billion in 2023. The continent's business environment is transforming rapidly, with what once took months now taking weeks and what required endless bureaucracy now often being done digitally.

Several African countries are making significant strides in improving their business environments. 

🇷🇼 Rwanda ranks 38th globally for ease of doing business.
🇲🇺Mauritius outranks France and Germany.
🇬🇭Ghana registers companies in one day.
🇰🇪Kenya incorporates online in under 24 hours.

Across the continent, governments are establishing one-stop investment centers, offering strategic tax incentives, and creating special economic zones. Nigeria's new corporate law has simplified governance requirements, while South Africa's Investment Promotion Act provides clearer frameworks for foreign investors.

African businesses themselves are proving to be sophisticated partners with deep market knowledge and proven track records. From Nigerian conglomerates to Kenyan tech companies, they bring expertise that external analysis cannot replace. Banking infrastructure now meets international standards in major markets, and mobile money platforms handle transactions that challenge traditional banking in developed countries.

Africa isn't just an emerging market. It's a continent where best practices, technology, and investment approaches are actively sought after. With political risk insurance available, legal frameworks strengthening, and dispute resolution becoming more robust, the environment is improving rapidly and offering opportunities that won't wait.

You can find this and my earlier pieces on Africa at http://ramas-ink-and-insight.blogspot.com,​ alongside my personal reflections on writing Black Swan, White Swan.

#AfricaRising #EmergingMarkets #ForeignInvestment #BusinessClimate #LeadershipInsights


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