Tuesday, December 29, 2009

Many Companies Are Looking At African Investments

By Jim Antonio

If you are looking to invest your money in a growing, vibrant market, you should really consider Africa. Many African countries are providing investors with a healthy return on their capital. Africa has been associated with corruption, poverty and despair, but in recent years it has proved that it can provide genuine opportunities for investors. African investments are most definitely on the rise.

Fifty of Africa's 53 countries are enjoying a fast growing economy which is creating numerous investment opportunities. While western countries are treading water in floundering economies, Africa can boast economic stability in most of its countries. More than 50 percent of the continent's population is under 20 years old, so there is a potent work force.

The country of Morocco is showing itself as a leader in the real estate market. Situated in northern Africa, Morocco is close to Europe and the Middle East. Therefore its culture is tinged with a little of three different continents. With its stunning coastline and breathtaking natural beauty, it is not surprising that Morocco is attracting real estate investors from all over the globe.

Botswana is a very investment friendly country. It has attracted investors from the United Kingdom, Portugal, India, China and Mauritius. Investment opportunities include tourism, coal mining, glass products, leather goods and the polishing of semi-precious stones and diamonds.

Kenya ranks at number 3 in Africa's foreign exchange earnings (South Africa and Morocco are 1st and 2nd). As a result of the implementation of several policies designed to attract investment, Kenya is enjoying a burgeoning tourist industry. Scores of foreign investors have climbed on this bandwagon, while many are also taking advantage of Kenya's fast-growing movie industry.

In pole position of Africa's foreign investment income is South Africa. Boycotted by the rest of the world for many years due to its racist government, South Africa has made a remarkable recovery under its new government. There is potential for foreign investors in a host of thriving sectors.

In Nigeria, the government is making great strides in attracting foreign investment. This country enjoys rich dividends earned as a result of the high oil price. Therefore investing in an oil company associated with the Nigerian oil industry would be a solid investment. Other options include investment or unit trusts.

Malawi is another African country that has caused would-be investors to prick up their ears. Those who invest in Malawi's vibrant agricultural industry are enjoying healthy returns. Because of its ideal climate and fertile land, Malawi is making a name for itself as a major food producer in Africa.

Uganda is an African country that welcomes foreign investments in almost all of its economic sectors. With a steady economy and a government with vision, more and more investors are seeing Uganda as a secure investment opportunity. Investors are permitted to retain a 100 percent shareholding in their investments. This is a big factor for potential investors. - 23309

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