While countries like China cases represent attractive growth opportunities, Africa appears as the greatest investment opportunity over the next century. Africa is often left out of conversations about emerging markets and if nothing else, most of the continent is still considered the frontier of an emerging market future market. Africa projected to increase in the population of Epirus talk about increasing the levels of Europe’s levels today in Asia, which is four times up.
The population explosion in Africa is expected to lead to a drastic growth of those African economies that are well organized, says Philip Watson of Citi. Some stories are impressive development in specific sectors, says Watson. A typical example is the telephone industry, since according to the International Telecoms Union, Africa recently became the fastest growing mobile market.
The use of mobile phones in the Dark Continent has shown an increase of 65% over the last five years, more than twice the global average. Nigeria is the most growing market for mobile telephony, with a growth that is supported by the young age population of the country. In Nigeria, the number of securities estimated at 88 million in a country of 170 million total population.
By Nicole P.