Continental Stumble by A DA M J ONE S - K E L L E Y
2015 was a rough year for much of Africa. The continent was wracked by war and instability. The collapse in commodities devastated economies, and foreign direct investment into much of Africa plummeted. Was this a temporary stumble? Time will tell. There remains much
cause for optimism, particularly in places like Morocco, Ghana and South Africa, to name a few. But governments across the continent must do better at creating stable and secure investment climates, and adapt more quickly to changing markets. Here’s a look back at a challenging year, by the numbers.
FDI in Africa
US Dollars at current prices and current exchange rates in millions
Source: UNCTAD
Economic Growth Rate (Percent)
2011: The Libyan crisis disrupts oil production and growth.
*Estimate Source: African Economic Outlook 2015, African Bank of Development and OECD
32
MAY 2016
SITE SELECTION
**Projection
African Cities Ranked
in Conway’s 2015 World’s Most Competitive Cities Report
1) Lagos Sector
Rank
2) Nairobi Sector
Rank
1 (tie)
4 (tie)
2 (tie)
5 3 (tie)
3) Tangier Sector
4) Algiers
Rank
Sector
3 (tie)
Rank
Rank
Sector
3 (tie)
7) Tunis Sector
1
Rank
5
4
5
4
Rank 1
3 (tie)
6) Casablanca Sector
5) Johannesburg
1 3 3
8) Cairo Sector
2
Rank
4
5 1 1 4 4 (tie)
9) Cape Town Sector
Rank 2 (tie)
3 2 (tie) 4 4 (tie)
10) Port Elizabeth Sector
1 (tie)
Rank
2
3
4
11) Durban
1
Sector
5
Rank 4 (tie) 3 4 (tie)
SITE SELEC TION
12) Pretoria Sector
Rank 1
MAY 2016
33
Africa’s Population 2015 (in thousands)
18,000
8,000
2,000
Africa’s Population 2030 (in thousands)
12,000
18,000
8,000
2,000
12,000
Source: UN Population estimates and projections
FDI Regional Inward Stocks
US Dollars at current prices and current exchange rates in millions
Source: UNCTAD
Volume Index of Merchandise Exports 2005 = 100
Source: UNCTAD
DATA COMPILED BY CONWAY CHIEF ANALYST MAX BOUCHET 34
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