The African continent has suffered enough stereotypical impressions from the global business community and much more from the eyeing public due to over proportioned media reports. Although the African nations at present have been in the public’s scrutinizing eyes once more due to the disagreement of Libya and Bahrain in which some global industries make think twice to invest in Africa. The never-ending political turmoil anywhere around the world had always been a threat to any nation’s goal to improve their economy. However, investing in Africa today is still much preferable as it could be the next economy to steal the worldwide market due to its vast mineral resources and oil deposits.
It has been projected that the gradual increase in Africa’s economy has been climbing up at around 5.5% yearly. But the most noteworthy foreign investment came from today’s world economic goliath which is China. China had already been investing in Africa for several years now. The industries they generally do business with are the paper industry, mineral industries (cobalt, copper, aluminum, nickel, iron), and surprisingly the fishing industry in many African nations. Studies show a proportional increase of Africa’s growth with China’s. To cite some African industries, Zambia’s copper mining sector and Morocco’s food processing enterprise have well benefited from this endeavor to invest in Africa.
Investing in Africa is still a wise and reliable option for most global industry goliaths where there are still a lot of untapped resources that can be offered by the continent. The known sectors in petroleum and mining have already been the past cash cows; several global economic forerunners are eyeing Africa’s service and manufacturing sectors. It is expected that as more foreign investments will flow into Africa’s coffers, infrastructures, telecommunications, and government policies should also proportionately improve. Several hopeful companies who currently invest in Africa are just waiting for the clash in Libya to be quashed. However, it may just take more time for this cluster of nations to establish better policies and yet the boom is expected to just follow through with no stopping once standard business policies are well established.