CONTENTS CONTENTS African Business 2021 Edition Introduction Foreword 4 African Business 2021 is a unique guide to business and investment in Africa. Special features Governance and security are the keys to Africa’s future prosperity 6 Malawi’s constitutional court ordered an election rerun in 2020. A new era in trading has begun 10 The African Continental Free Trade Area offers enormous opportunities for expansion. Exploration could unlock great value for Africa 16 Gas exploration is leading the way, but oil and mining are attracting international interest. Neighbours working together for growth 26 A bridge is being built between Botswana and Namibia. Economic sectors Agriculture 30 Uganda has a new coffee brand. Energy 32 An ECCAS interconnection project shows the way. Manufacturing 36 A focus on manufacturing exports can add value. AFRICAN BUSINESS 2021
YOUR BUSINESS IS GLOBAL. YOUR BANK SHOULD BE TOO. Businesses take considerable risks to enter or expand into new markets. This is why we take considerable care to provide the right solutions. However far from home that next big opportunity might be, it’s our meticulous work in 15 countries across Africa today that’s enabling our clients to transact with confidence wherever they strive to succeed. Euromoney Cash Management Survey 2020: • Market Leader in Africa, Cote d’Ivoire, Nigeria, Senegal, Tunisia • Best in Service for Tech Provision and Personnel in Africa • Best in Service for Algeria, Cote d’Ivoire, Morocco, Nigeria, Senegal, Tunisia, Zambia Global Finance Best Corporate/Institutional Digital Bank Awards 2020: • No. 1 in Africa • No. 1 in: Algeria, Cameroon, Cote D’Ivoire, DRC, Egypt, Gabon, Kenya, Morocco, Nigeria, Senegal, South Africa, Tanzania, Tunisia, Uganda, Zambia TMI Awards for Innovation and Excellence 2020: • Best Bank for Cash and Liquidity Management — Middle East and Africa • Best Bank for Trade Finance & Financial Supply Chain — Middle East and Africa citi.com/progress © 2021 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc.
Elections were held across the regi
Elections in the Central African Re
Region: Southern Africa Mozambique
South Africa An extensive renewable
© 2021 Citigroup Inc. Citi, Citi a