October 2022

Nigeria is now officially heralded as Africa’s biggest economy. Foreign success stories are rare but with a population of 175m, 107% mobile penetration and vast petroleum resources, it is a difficult country to ignore. The delegation participated in high level meetings in both Abuja and Lagos, where they had high level meetings and receptions with Aliko Dangote and Tony Elumelu.

The purpose of the trip to the Republic of Guinea was to get a high level overview of the investment opportunities in the country. Relationships were established a with high level contacts in the public and private sectors.

The Democratic Republic of Congo (DRC) represents a fantastic hub to serve Central Africa’s 250m consumers. Invest Africa’s strategic partner Hamid Assi, the founder of MiniCongo Group, hosted a delegation to DRC to explore investment opportunities and give attendees exposure to the realities on the ground.

Senegal has registered 5% annual growth, has a strong services industry, and forged a strategic relationship with Saudi Arabia, to finance an infrastructure across the country. Taac Africa was hosted, Ibrahima Cheik Diong, who facilitated high level meetings with government officials and business leaders.

Ghana’s wealth of resources and democratic political system makes it undoubtedly one of Africa’s leading lights. Invest Africa was invited by the government of Ghana to meet with public and private sector players to identify key investment opportunities.

With its significant copper resources, developed agriculture industry and buzzing capital, Zambia has been one of the most profitable Southern African investment destinations over the last decade. Our delegation was hosted by Invest Africa member, Ian McFadyen, Baybridge Investments and Sipho Phiri.

Mozambique, with its unique geographical positioning, significant resources, dynamic tourism industry and stable political structure, has enjoyed inward investment of $31bn between 2009-2014. In Mozambique, Invest Africa worked closely with partners, ThirdWay Africa and Intamo Financial Advisors.

Cote d’Ivoire is currently the leading economy in Africa with a GDP of 8.5%, and has the second fastest growing GDP in the world. The country has undertaken policy and structural reforms, increasing both private and public investments. Invest Africa was invited to bring a high level investor delegation to the country.

Once considered the bread basket of Africa, Zimbabwe has returned with a renewed vigor under new leadership, ready to use its wealth of natural resources, technological advances and highly-skilled returning diaspora. Our Investor Mission was a huge success and saw our biggest delegation to date, with twenty attendees joining us to enhance their connections on the ground.

The past few months have seen Ethiopia’s new Prime Minister, Abiy Ahmed, be ever present in the public eye, from meeting international Heads of States and announcing the part-privatisation of several state-owned enterprises, to officially accepting the Algiers Agreement by re-engaging with neighbouring Eritrea. To this backdrop, we are delighted to bring together a delegation of members and guests to Ethiopia to harness the country’s key investment opportunities, and get get unrivalled access to industry heads, senior government officials and local entrepreneurs.