6th President of Mauritius explains at WBAF 2020 why investing in Africa is a good idea now

6th President of Mauritius explains at WBAF 2020 why investing in Africa is a good idea now

Since the year 2000, Africa’s GDP has grown by 5.1% per year on average, nearly three times the growth rate in the OECD area during the same period. In spite of recent country-specific challenges and headwinds from the global economy, growth is set to remain strong. Africa’s recent economic dynamism has been underpinned by sound macroeconomic policies and strong partnerships with major emerging markets. The continent has become more resilient to shocks and has benefited from a strong demand for commodities, increased investment flows, and closer links to global value chains.

Africa is one of the most promising destinations for foreign direct investment. The continent offers the world’s highest return on FDI and it has abundant in natural resources. Although figures plunged in some instances, it swiftly surges back, evidencing the region’s economic resilience.

The time is ripe for Africa to tap into the energy of its startups and achieve more inclusive growth. The World Business Angels Investment Forum is committed to working alongside African policymakers in this effort. WBAF will share experiences and help design better policies through its Africa Master Plan, with the aim of easing access to finance for startups, scaleups, entrepreneurs and high growth businesses on the continent.

The World Business Angels Investment Forum believes that Africa needs to transform its economic structures and unleash the potential of its startups and entrepreneurs through innovation and entrepreneurship so that its population can enjoy stronger, more inclusive growth. With the right policies and the right strategic approach, the social and economic progress of recent years can be the prelude to long-lasting, sustained prosperity in Africa.

I now invite you to listen to a short but very to-the-point speech of H.E. Prof. Ameenah Gurib-Fakim, 6th President of the Republic of Mauritius, at WBAF 2020. Her speech clarifies the changing role of Africa in the global entrepreneurship and investment landscape. On behalf of the Board of Directors of the World Business Angels Investment Forum, I thank Madame President of Mauritius for apprising our worldwide community of emerging opportunities in Africa.