Believe it or not, 5 of the world’s top growing nations are all located within Africa. While Africa currently makes up 16% of the world’s population and just 3% of the global GDP this is a stat that is quickly changing. Africa is projected to achieve double-digit economic growth within the next decade and is continuing on its path to grow faster than any other region in the world. The time for investing in Africa is now.
There are lots of large corporations that have been taking a serious look at expanding their operations in Africa. Google has placed an AI lab in Ghana that will work to apply AI solutions to help with local challenges and improve google translate for African languages. There are also plans for Facebook to build tech hubs for startup development in Nigeria as well. These companies are looking at the future of Africa and investing now knowing it will pay off. By 2025 Africa will have a GDP growth reaching $4.5 trillion.
