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African Business 2020 edition

  • Text
  • Agenda
  • Business
  • Invest
  • Union
  • Industry
  • Sustainable
  • Development
  • Regions
  • Trends
  • Sectors
  • Afcfta
  • Trade
  • Investment
  • Africa
  • Global
  • Continent
  • Projects
  • Economic
  • Infrastructure
  • Countries
A unique guide to business and investment in Africa. Global Africa Network is proud to launch this inaugural edition of African Business 2020 at a time of energetic planning for a prosperous future for the continent. The African Union’s Agenda 2063 is much more than a document about a hoped-for future, it contains concrete goals and deliverables. The Programme for Infrastructure Development in Africa (PIDA) and the development finance institution, the African Development Bank (AfDB) are already rolling out valuable projects that are changing the reality on the ground in vital areas of the African economy. Perhaps the most significant event of recent times is the signing by African leaders of the African Continental Free Trade Area agreement (AfCFTA) which will bring together all 55 member states of the African Union and cover a market of more than 1.2-billion people. African Business 2020 has articles on all of these recent trends, plus overviews of the key economic sectors and regional and country profiles. In 2019 Ethiopian Prime Minister Abiy Ahmed received the Nobel Peace Prize for peace-making efforts in his region. The economic dividends of peace are beginning to be felt. In 2020 South African President Cyril Ramaphosa assumed the mantle of AU Chairperson. He brings to the role considerable experience in conflict management, constitution-writing and seeking consensus. Global Africa Network is a proudly African company which has been producing region-specific business and investment guides since 2004, including South African Business and Nigerian Business, in addition to its online investment promotion platform www.globalafricanetwork.com

CONTENTS Transport and

CONTENTS Transport and logistics 56 Far-sighted plans for freight can lift African trade. Aviation 58 Movement towards open skies will see Africa fly. Tourism 60 Hoteliers are attracted by high rates of return. Information and communications technology 64 Africans are getting connected. Banking and financial services 66 Innovation is paying off in finance. Regional profiles East Africa 68 North Africa 70 Central Africa 72 West Africa 74 Southern Africa 76 Country profiles Kenya 69 Morocco 71 Democratic Republic of the Congo 73 Nigeria 75 Botswana 77 South Africa 78 Mozambique 80 ABOUT THE COVER: Credit: Romolo Tavami/ iStock by Getty Images. GDP in Sub-Saharan Africa is two-fifths higher than it was two decades ago. The continent’s middle class is growing quickly, and the number of mobile phone and data subscriptions are accelerating at twice the global average. Massive investments in infrastructure and energy are preparing the continent for growth. AFRICAN BUSINESS 2020 8

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