AFRICA’s OPPORTUNITIES
Committed to a better future
Sub-Saharan Africa currently has a population of over 1 billion people and this number is expected to hit 1.7 billion by 2030. This diverse continent is charting itself a new path harnessing the potential of its resources and people and with this, Africa as a whole has become the centre stage of the global investment agenda. Some key trends are driving transformative growth in major economic sectors.
Fast growing urban population
With over 80 percent of the continent’s population growth occurring in cities and rising incomes across almost all of the continent, thus presenting new business opportunities in African markets. Annual spending by both consumers and businesses is projected to reach over $6 trillion by 2030.
Push for industrialisation:
Manufacturing capacity is ramping up sharply across various industries and it is estimated that African industries have the opportunity to increase production over the next decade to nearly $1 trillion. While the majority of this growth will be spurred by import substitution, it is expected that with the continent’s lower labour costs, export production will shift to the continent as it moves away from China.
Closing the infrastructure gap:
The existing challenges with poor infrastructure is both an impediment to growth in Africa, but it also represents a massive opportunity for investors. Currently, it is estimated that Africa is spending roughly $80 billion in infrastructure investment and this number will only continue to grow as investment into this sector to drive growth isn’t slowing down.
Our Mission
With this in mind, FIMA is well positioned to assist its clients in the drive for Africa development agenda through access to finance for infrastructure projects and industrial design and equipment. The firm’s extensive experience in Sub-Saharan African markets coupled with its access to EU finance mechanisms is key to successful deal execution for our clients.