Business Opportunities and Risks in Africa Part 1 of 2
Episode Description
Africa today contributes barely 1.5% to world trade, but its future is brighter than that number might suggest. The continent has a growing middle class, institutions that are investing heavily in infrastructure, and in another decade, it will emerge as a market of 1 billion consumers. Elkanah Odembo, Kenya's Ambassador to the U.S., visited Wharton recently and spoke with Knowledge@Wharton about the potential rewards and risks of investing in Africa 📂 Finance & Accounting
Brief Summary
Ambassador Odembo discusses Africa's investment potential, regional opportunities, risks, and China's evolving role in the continent's business landscape.
Key points
- Africa's Business Potential. Africa currently contributes only 1.5% to global trade but is rich in resources and opportunities.
- Investment Risks in Africa. Investors face risks like civil wars and unreliable judicial processes, but improvements are being made.
- Chinese Investment Strategy. China's investment in Africa is growing, focusing on infrastructure and understanding the market.
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Episode highlights
- Africa's Business PotentialAfrica currently contributes only 1.5% to global trade but is rich in resources and opportunities.“Africa is the continent that all roads will be leading to.”1:06Nov 23, 2010
- Investment Risks in AfricaInvestors face risks like civil wars and unreliable judicial processes, but improvements are being made.“The continent is looking ahead to just being a continent where there's predictability.”8:12Nov 23, 2010
- Chinese Investment StrategyChina's investment in Africa is growing, focusing on infrastructure and understanding the market.“The Chinese have figured out that in another 10 years, the continent will have a population of 1 billion people.”12:33Nov 23, 2010
Tension
40/ 100Low tension
