Luis Padrón: "We are the European country winning the most international tenders in Africa"

Casa África presents the study "The Africa Investment Report 2015"

Casa África, in its work to support the internationalization of Spanish companies, disseminates the African economic reality through its activities.

To make Spanish society in general, and businesses in particular, aware of the opportunities offered by african markets, Africa House It organizes presentations of studies, articles and reports published by organizations and other international actors, and on this occasion has carried out the presentation of «The Africa Investment Report 2015» a report jointly edited by This is Africa y fOf Intelligence, services of Financial Times.

The report's findings were presented by Adrienne Klasa, Editor of This is Africa, Glenn Barklie, Director of Benchmarking Services at fDi Intelligence, explained the continued positive trend in the African economy and foreign investment. Data from 2014 presented in the report shows that African countries hosted 660 projects with foreign investment, representing a 64% increase over the previous year and a 13% increase globally. Although the largest number of investments continue to be directed towards traditional sectors such as oil and gas extraction and energy production, foreign investment shows a trend towards diversification with a significant increase in manufacturing, adding value to the continent's economy. Foreign direct investment and the development of new business projects directly impact job creation in the recipient countries.

The report The African Investment Report This analysis examines the reasons behind the spectacular growth of the African economy and concludes that African countries are no longer perceived by investors as a hotbed of conflict, legal insecurity, and instability, but rather as a continent brimming with economic opportunities. The GDP growth prospects of countries like Nigeria, Kenya, Ghana, Zambia, and Tanzania, coupled with the efforts of these states to advance democratization, good governance, and political stability, have led investors and economists to view Africa as the next emerging, growing, and promising continent.

Experts point out that the focus should now be on developing policies for agricultural development, infrastructure, and job creation. It is in this last area that Africa faces its greatest challenge. With a population projected to reach 2.400 billion by 2050, the majority of whom are young, this could represent a huge workforce but also a threat of instability if sufficient jobs are not created.