Geoffrey White, Agility Africa CEO has said at the World Economic Forum taking place in Davos, Switzerland that the ‘Africa Rising’ story is still a viable concept. Geoffrey however said that the Africa’s potential may be beneficial to those who are willing to make the long-term investment in the continent.
‘I think it depends really on your time profile for your investments, I think there’s a growing interest from people who have a five to ten year view of what they want to be investing in to actually go to Africa.” White said
Interest in Africa according to White stems from two points;
- “People beginning to understand the opportunities and the growth and the demographics and the burgeoning consumers within Africa.”
- “The volatility around the world means that companies are looking for alternative places where they can build businesses and grow and Africa, the one thing you cannot deny, is a dynamic expanding.”
White explains how the African market will be growing for the next 20 years, unlike a lot of parts in the developed world which are starting to slow down, and “not as buoyant as they are in Africa”.
Credit @cnbcafrica and read the full article here : http://www.cnbcafrica.com/wef/wef-davos-16/world-economic-forum-news/2016/01/21/wef-agility-africa-investment-white/