Casa África, in collaboration with the OECD Development Centre, organized the presentation of the African Economic Outlook 2015 report for another year. This annual report contains a comprehensive analysis of economic and development trends in Africa. This year's edition focused on regional development and spatial inclusion.
"The news we receive from the African continent is increasingly positive, and within the business plan, Africa is a market with high potential," the press conference began. Narciso Casado, Chief of Staff of the Presidency, International and Institutional Relations of the CEOE.
With growth of 4,5%, consumption in Africa has been the main driver on the demand side. Foreign trade, affected by the fall in raw material prices, saw increased imports, especially of capital goods.
Luis Padilla, Regional Cooperation Advisor at the OECD Development Centre, highlighted that China and India are increasing their new investments in Africa, although Europe remains the largest trading partner of the African continent, even though trade with China is growing faster.
According to the World Bank, five of the ten countries that have implemented the most reforms to increase their international trade are in Africa. Egypt, Mozambique, Morocco, and South Africa are the countries that attract the most foreign investment.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
