Cloudy Weather Report Ramallah, Palestine +4°C, Cloudy

Latest News

View more

Health

Helping the Victims of Aids

Sitting on an old mattress in front of a small house in Kimukunda village in the Rakai District of southern Uganda, Teddy Nakawoeisi, 60, is

'Miracle of Vaccines' Will Help Africa Development

GAVI CEO Seth Berkley underlined the extraordinary potential of a new generation of life-saving vaccines for African development in a landmark global health speech on

Woman loses baby to "Good Samaritans"

Pumwani Maternity Hospital is tonight back in the headlines, for the same old reasons. A woman who gave birth at the hospital has mysteriously lost

Women in sub-Saharan Africa has a one in 31 chance of dying from pregnancy-related causes

In Africa, which leads the world in maternal death rates, access to contraception is increasingly seen as a life-or-death issue in an acute crisis situation.Picture

US issues travel alert on sleeping sickness

The US has issued a travel advisory to tourists visiting the Maasai Mara, cautioning against the risk of contracting sleeping sickness.The disease, also called trypanosomiasis,

Daily aspirin 'prevents and possibly treats cancer'

Taking a low dose of aspirin every day can prevent and possibly even treat cancer, fresh evidence suggests.The three new studies published by The Lancet

Tech

View more

Odd News

View more

Continent's Political Risk Make Investors Wary

Continent's Political Risk Make Investors Wary

AFRICA has become one of the fastest growing regions globally and is positioned as a global investment destination of choice.

But despite investor dash to seize opportunities across Africa driven by insatiable demand for the continent's resources, unprecedented rise in consumer demand and related infrastructural development, experts believe many investors are still wary of the risks of putting money into the continent.

"We are aware that people worry about political risks and change of legislation in different African countries...the African story still has elements of political and economic uncertainty but overall, business opportunities are greatly improving," said Tim Bashall, Head of Strategy at KPMG Africa, an audit, tax and advisory services firm.

He says that improved stability in most African countries and public sector reforms aimed at improving the business landscape and a regulatory framework will pave a safe way to enhance investments on the continent.

"Overall, business opportunities are greatly improving and investors are, therefore, thinking in cycles of 15-20 years."

According to experts, countries like Rwanda that have enjoyed relative stability and a good business environment will attract more investments than others, thus boosting their Gross Domestic Product (GDP).

KPMG's Dapo Okubadejo believes that buying and building existing companies, investing in value-chains while adopting partnerships in the logistics and distribution sectors and engaging proactively with regulatory institutions, among others, will address the risks.

Henri Obi, Chief Operations Officer of Helios Investment Partners added that: "Doing business in Africa requires a lot of patience and time but the rewards can be very high. It is important to understand the local cultures in African countries where companies want to invest."

In addition to political and economic uncertainty, the continent still faces limited skilled human capital, suggesting the need to build a work force suited to the business environment and having local presence that creates relevant and adequate capacity to deal with the prevailing realities and challenges.

"We pursue a strategy of hiring global business as leaders for our African operations who have proved themselves elsewhere. To us, it is not important where the talent comes from as long as we get the talent we need," Obi said.

According to estimates by the International Monetary Fund, Sub-Saharan Africa alone will grow by 5.4 percent this year. Africa's GDP is expected to reach US$2.6 trillion by 2020.

Rwanda registered a Real Gross Domestic Product (GDP) increase of 8.6 per cent in 2011, up from 7.2 per cent in 2010, according to the National Institute of Statistics of Rwanda (NISR)

Tags

No tags for this article
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of BlackSeer.com. BlackSeer.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
What's next

Related Articles

Continent's Political Risk Make Investors Wary

AFRICA has become one of the fastest growing regions globally and is positioned as a global investment destination of choice.But despite investor dash to seize

U.S. warns of attacks on Westerners in Nigeria

The United States has warned its citizens living in Nigeria that Islamist sect Boko Haram is planning attacks on the capital Abuja, including major hotels

Most Watched Videos

View all posts

Explanation of African Zulu Tribe Womens Clothing, Marriage Customs

Interesting explanation of all the components of traditional women's attire in the African Zulu Tribe, also. the tribe's marriage/marital customs - including dowery,

Human Trafficking and Prostitution In Edo State- Video

This video documentary explores the subject of poverty, prostitution and human trafficking in Edo state. In uncovers some shocking revelations

Most Read News

View all posts

Most Watched Movies

Mr Do Good 2- Part 2

STARRING: JOHN OKAFOR, FRED EBERE, FRANCIS ODEGA, CASSANDRA ODITA, MARY JANE OKOYE Mr Do Good as his name connotes, is the total opposite of what his

Tears Of A Princess 2

Starring: Tonto Dike, Ini Edo, Ngozi Ezeonu, Olu Jacobs, Prince Nwafor Tears Of A Princess Irene(Ini Edo) is so loved by her father Chief

Girls From the Hood

Samantha (Kate Henshaw Nutal), Nneoma (Monalisa Chinda) and Valeria (Daniella Allen) are best of friends who sees the issue of marriage as something

Gold Not Silver - Part 2

Fetures: John Dumelo, Tonto Dike, Sam Dede, Ken Erics Ugo, Eka Aribia An unhappy queen (Eka Aribia) begs a peasant widow (Tonto Dikeh) to

Spirit of Love 2

Udoka's uncle is careful in selecting who would have his neice's hand in marriage. One after another, he screens young men to find his

Fatal Seduction

Eric(Jim Iyke)'s selfish interest towards Lucy(Ini Edo), makes him abduct her would-be groom,Henry(Mike Ezuruonye),and afterwards, presents him with an offer he cannot resist,

Family Crisis 2- Part 2

Features: Mike Ezuruonye, Ini Edo, Walter Auga, Biola Ige, David Ogbeni, Neke Ebele, Ndu King, Elvis Obi, Betty Fidelix

Unfaithful - Part 2

Features: Mike Ezuronye, Yul Edochie, Walter Anga He passed his entrance examination to study software engineering in an Indian University but decided not to study when

Girls In The Mood - Part 2

Features: Angella Okorie, Prince Iyke, Annie Macauley, Ken OdurukweThe story talks about the day to day activities of modern day girls. The good, the bad