![]() Indeed, the number of FDI projects in Africa are expected to increase further in 2012, with FDI inflows forecasted to reach US $150 billion by 2015. Africa has remained an attractive investment destination during the global downturn and as a result, has managed to maintain its relative share of global capital flows. Ten African countries attracted 70% of the new FDI projects in Africa between 20 (South Africa, Egypt, Morocco, Algeria, Tunisia, Nigeria, Angola, Kenya, Libya, and Ghana). Geographic analysis of these projects shows that that investor success stories are spread across the continent. The survey combines an analysis of Africa directed investment over the last decade with a review of the perceptions from over 562 global executives and investors regarding Africa’s growth potential over the next decade.Įrnst & Young’s analysis of foreign direct investment (FDI) projects that in the last decade Africa has seen an increase in inward flowing FDI: from 338 FDI projects on the continent in 2003, to 633 in 2010 (an increase of 87%). In fact, for many African countries, business - fueled by privatization, democracy and capitalism - is roaring ahead as if to make up for lost time.Īccording to It’s Time For Africa, Ernst & Young’s first Africa Attractiveness Survey, foreign investors are seeing the huge, long-term growth possibilities that Africa represents. vehicle loans, small business loans, baby and adoption loans, engagement ring financing. Lurking behind the forest of sensational headlines describing conflicts that have infected parts of Africa for years, are thriving enclaves of peace, steady economic growth and high returns on investment. (Pengo, 2011 Renton, 2011) and the United Kingdom (Bachmann et al. in Day to Day Leave a comment A Wealth of Opportunity In a Growing Digital Africa A great article from Intelligent Life. ![]() Blog Home Contact Subscribe to RSS 15 March 2011 by Pengo Inc. This is particularly sound advice when it comes to today’s Africa. Pengo Peer-to-Business Lending for Emerging Markets. Get the latest news alerts: Follow WRAL Tech Wire at Twitter.A prudent investor learns to look at the trees, not the forest. But even before that public pitch Keatts and Shorland had convinced Triangle backers as Allis and Jud Bowman, CEO at Appia, that they had a solid business plan and the moxie to carry it out. Keatts and Shorland recently presented the Pengo concept to potential investors at a “Launch Day” event back in January. “Our goal is to get growth capital to established, small and medium size businesses who have made it through at least 18 months of operations and are demonstrating positive revenue growth, but that cannot get loans from local financial institutions, because of strict collateral requirements and highly risk-averse local banks.” “That’s more of what microfinance companies like Kiva are doing. ![]() “We don’t target start-ups,” Keatts noted of Pengo’s strategy. The reception is taking place at iContact’s headquarters in Morrisville. “Please join us as we pause for a moment to celebrate our progress and toast to Pengo’s bright future.” “This first year has been a long, exhilarating road and we have plenty of challenges and exciting adventures ahead,” she added. “We would love to have you there as we celebrate with our current investors and other Pengo supporters,” wrote Keatts, the CEO, in an email. Pengo is Swahili for “gap,” and the two entrepreneurs want to help the Kenyan firms secure funding to take them to a higher level of growth. They also have been raising money from backers here who will provide the capital for loans to Kenyan firms. ![]() With the backing of such Triangle investors as Ryan Allis (co-founder and CEO of recently acquired iContact), the two have already vetted several investment opportunities in theirn initial target market – Kenya.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |