Doing business in Africa: opportunities and challenges in the second-largest continent
This report from Hogan Lovells, entitled Doing business in Africa, focuses on the challenges and opportunities facing those investing or operating in the world’s second-largest continent. The content is largely based on the discussions that took place at the law firm’s inaugural Africa Forum event in London in spring 2013.
Before delving into the details of transacting in a region that covers a fifth of the world’s total land area, is home to more than one billion people and comprises more than 50 sovereign states, it is important to consider the bigger picture. It is now widely accepted that Africa’s time has come, and optimism on the continent is being driven by four key factors, the first being GDP growth.
According to the International Monetary Fund, of the world’s 10 fastest-growing economies between 2011 and 2015, seven will be in Africa. Only China and India, expected to see 9.5 per cent and 8.2 cent growth in GDP respectively, will expand faster than Ethiopia (8.1 per cent), Mozambique (7.7 per cent) and Tanzania (7.2 per cent), and then only Vietnam (7.2 per cent) will outperform Congo (seven per cent), Ghana (seven per cent), Zambia (6.9 per cent) and Nigeria (6.8 per cent). Whereas a decade ago, most of the world’s GDP growth was expected to come from Europe and the Americas, including Brazil, that trend has reversed and the boom in Africa has seen unweighted annual average GDP growth on the continent exceeding that found in Asia…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump