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

MAY 2016

SITE SELECTION

Continental Stumble - Site Selection Magazine

Africa. The continent was wracked by war and instability. ... DATA COMPILED BY CONWAY CHIEF ANALYST MAX BOUCHET. Source: UN Population estimates ...

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