Africa has a global comparative advantage in agriculture, being home to more than half the world’s agriculturally suitable and highly unused land, resources and its vast water resources have hardly been tapped. 60% of the world’s uncultivated land is in Africa, while the continent is only responsible for 10% of the world’s agricultural produce. Agriculture as an untapped investment opportunity is set to be a major growth driver over the next few years, surpassing mining and metals. Southeast Asia has become competitive and expensive for doing agribusiness; it’s time for Africa to take advantage of this opportunity.
Mauritius, the Seychelles, Namibia, South Africa and Morocco, reportedly boast the best quality of physical infrastructure in the continent. On the other end, Libya, Angola and Guinea are reportedly reflecting poorly in infrastructure. The lacking in infrastructural development is a problem that surpasses geographical boundaries and impacts the continent as whole.
Although Africa’s infrastructure outpaced Asia in power generation capacity and landline telephone density in the 1990s, investment into infrastructure is said to have stagnated over the last 10 years, according to the report.
Egypt has taken on extensive infrastructural reforms, the government’s enactment of key reforms and renewed focus on infrastructure, aligned with the country’s favourable demographic profile appealed to companies involved in real estate, hospitality and construction (RHC).
According to RMB rankings, Egypt ranked 7th with a score of 5.6 in the 2015/2016 rankings of the most attractive investment destination in Africa, particularly when taking regionalisation into account.