TradeInvest Africa (Cape Town)

Africa: Continent's Businesses Expect Significant Growth in 2010

Business leaders maintain a positive outlook for 2010, with 95% of those surveyed expecting to expand their business over the coming year.

Results of africapractice's annual business survey support the growing belief that Africa is beginning to recover from the financial crisis. 100% of respondents said that they anticipate levels of foreign direct investment to rise in 2010, the majority expected to come from China. This represents a much-improved outlook when compared to last year's survey, in which 69% of respondents predicted a reduction in FDI flows.

When asked what they thought would be the biggest challenges to their business in 2010, executives were split between access to credit and availability of talent, which received 35% and 30% of votes respectively. This echoes last year's survey in which 31% of respondents cited talent as the biggest concern. Physical infrastructure and legislative environments were also cited as potential growth limitations.

The future role of the United States prompted a mixed reaction, with only 17% of business leaders expecting the Obama administration to have a positive influence on Africa.

However, there is a consensus of optimism surrounding the impact of the FIFA World Cup, although most (54%) believe that benefits will be felt only in South Africa itself.

The majority of respondents cited advancements in technological infrastructure as being more significant for business opportunity than politics, thus reaffirming the common assertion that ICTs are key enablers of productive business.

Increased intra-African business and moving away from a reliance on international exports was cited as key in Africa's private sector development with Alasdair Munn, Director of Rebuild Zimbabwe commenting, "The biggest market for Africa is Africa herself. Growth in private investment and empowering communities has greater potential for Africa than just exports."

Marcus Courage, managing director of africapractice said, "It is fantastic to hear business leaders speaking so positively about Africa again, with so many expecting their businesses to grow significantly in 2010. However, finding talent and access to credit are recurring challenges, which should act as a clarion call to both government and the private sector about where investment needs to be made, in order to facilitate and encourage further growth."


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  • upliftdarace_144
    Dec 21 2009, 09:54

    HeyNow Afrikan Family !

    On Afrikans Investing In Technology , Afrikans abroad & In Afrika

    Should Invest In The Technologies around the world And Have It

    Shipped To Afrika With The Know-How To Do It Ourselves.. We

    SHOULD NOT just allow countries to come into our countries and build

    and settle on our lands. If you will allow a stranger to run your country,

    Then you will allow then to run your state. If you will allow a stranger to run your state,

    then you will allow them to run your city, your neighborhood, your home, your family,

    yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!

    America (The Whore Of Babylon) Is Trying To Re-vive it'as dying

    soul via other ASIANS & CAUC - ASIANS , But Prophecy Is

    Pronounced :

    And in those times there shall many stand up against the king of

    the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR

    PEOPLE shall exalt themselves to establish the vision; BUT

    THEY SHALL FALL ! [Daniel 11:14 ]

    ATTENTION AFRIKA , you have 300 million citizens spread

    abroad that need your help getting back to our roots. While you

    are looking to countries like America & China to uplift Afrika, Many

    of us Black Afrikans spread abroad are proficient in a lot of useful

    technologies. Here is a brief synopsis of some of the inventions

    that Black Americans have produced. So please help us to get

    home.

    BLACK AFRICAN INVENTORS AND THEIR INVENTIONS

    * Sarah Boone - IRONING BOARD - April 26, 1892

    * John A. Burr - LAWN MOWER

    * Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969

    * Buridge & Marshman - TYPEWRITER

    * George Carruthers - X-RAY MACHINE

    * George Washington Carver - PEANUT BUTTER - PAINTS – PAINT STAINS – ETC

    * W.A. Dietz - SHOE

    * P.B. Downing - POSTAL LETTER BOX

    * Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM

    * T. Elkins - TOILET (COMMODE)

    * Robert Flemming Jr. - GUITAR

    * George F. Grant - GOLF TEE

    * J. Gregory - MOTOR

    * Michael Harney - LANTERN

    * Augustus Jackson - ICE CREAM

    * B.F. Jackson - GAS BURNER

    * H.A. Jackson - KITCHEN TABLE

    * Ruane Jeter - DIGITAL TOASTER - April 14, 1987

    * Isaac R. Johnson - BICYCLE FRAME

    * John A. Johnson - WRENCH

    * P. Johnson - EYE PROTECTOR (GOGGLES)

    * W. Johnson - EGG BEATER

    * Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS – AIR CONDITIONER

    * Jones & Long - BOTTLE CAPS

    * John H. Jordan - CLOTHES DRESSER

    * Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956

    * Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982

    * Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987

    * Lewis Latimer & Nichols - ELECTIC LAMP

    * W.A. Lavalette - PRINTING PRESS

    * Maurice W. Lee PRESSURE COOKER

    * A.L. Lewis - WINDOW CLEANER

    * John L. Love - PENCIL SHARPENER

    * Tony J. Marshall - FIRE EXTINGUISHER

    * Alexander Miles - ELEVATOR

    * Jan E. Matzeliger - SHOE LASTING MACHINE

    * W.A. Martin - LOCK

    * Garrett A. Morgan - GAS MASK - Traffic Signal

    * Lydia Newman - HAIR BRUSH - Nov 15, 1898

    * Alice H. Parker - HEATING FURNACE - Dec 23, 1919

    * J.F. Pickering - AIR SHIP (BLIMP)

    * Purdy & Sadgwar - FOLDING CHAIR

    * W.B. Purvis - FOUNTAIN PEN

    * L.P. Ray - DUST PAN

    * W.H. Richardson - BABY BUGGY

    * G.T. Sampson - CLOTHES DRYER

    * .W. Smith - LAWN SPRINKLER

    * J. Standard - REFRIGERATOR

    * T.W. Stewart - MOP

    * Paul E. Williams - HELICOPTER

    * Granville T. Woods - Roller Coaster

    * Thanks to The Black Inventors Museum *

    * Address : P.O. Box 76128 - Los Angeles , Calif. (90076)

    * Phone (310) 859-4602)

    * Director : Ghanaian Mr. Hamza Salifa

    AND

    ONE AFRICA TOURS & SPECIALTY SERVICES LTD.

    * Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo

    [ http://www.oneafricaghana.com/ ]

    P. O. Box CC 1251 - Cape Coast

    Ghana - West Africa

    What can you do to help us ?

    Start with contacting Pan-Afrikanist organizations like BLACK

    STAR MEDIA (Modelled after Marcus Garvey’s Vision For Afrika) : They are at

    [ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi

    Awadu. He has been on the frontline fighting for our freedom for

    over 30 years.

    It's Not A Question Of Other Learned Societies.

    It's The INFERIORITY COMPLEX WE HAVE TO SHED

    St. Paul In A Letter To The Christians In Rome Said :

    " For I say, through the grace given to me, to every man that is

    among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than

    He Ought To Think; but to think soberly, according AS GOD HAS

    D EALT TO EVERY MAN THE MEASURE OF FAITH .

    We All Should Think Highly Of Ourselves, Keeping In Our Mind

    That God Gave Us Dominion Over The Earth

    , NOT EACH OTHER. !!!!!!!!

    So let's please help us to return to our Mama Afrika as Israel

    under Moses escaped their exile !!!!!!!

    MAMA AFRIKA YOUR CHILDREN WANT TO COME HOME !!!!!!!

    [Check Out :

    WHO BROUGHT THE SLAVES TO AMERICA ?

    [ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]

    for full length video

    FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines

    [ http://www.youtube.com/watch?v=k73Q2_f4vKU ]

    WAKE UP ! STAY UP MY BROTHERS & SISTERS !

    [ www.libradio.net ]

    [ www.gcnlive.com]

    - Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :

  • whites do it better
    Dec 28 2009, 09:14

    to upliftdarace_144:

    Oh my! How uninformed you are.

    None of those things were ever invented by the Africans. Never do the Africans invent things. The examples you noted above are of people who hold some patents on items that White European people have invented. Interestingly enough, none of the people you cited has an African name...that’s because the Africans cannot invent or built anything. But they are very skilled at breaking and destroying things. Look at the DRC or Zimbabwe. The Africans have an IQ 20% below of their Oriental counterparts: http://en.wikipedia.org/wiki/Race,_Evolution,_and_Behavior. So give us a break and go back to your hut.