Propio Explains the Top 5 Countries Investing in African Markets
Africa relies on a lot of foreign direct investment (FDI) to keep its emerging economy growing. The continent has a young population eager to work. Stable governments welcome the opportunity to create jobs, improve infrastructure, and become a part of the global economy. As such, today’s blog from Propio discusses the top countries investing in African markets.
China
China is the world’s largest investor in Africa in terms of total capital. They invested more than $72 billion in the continent from 2014 to 2018, according to the Brookings Institute. That investment created more than 137,000 jobs across 259 projects. Propio’s comprehensive language services can help you optimize your investment in Africa.
France
France invested $34 billion in Africa over the same period, creating 58,000 jobs in 329 projects. France’s investments are crucial to its former colonies in Africa, such as Nigeria, Morocco, Algeria, and the Ivory Coast. Propio followed the French’s example by opening a multilingual contact center in Dakar, Senegal, in 2018.
The United States
American direct investment in Africa was nearly $31 billion from 2014 to 2018. The United States was responsible for a total of 463 projects on the continent, the most of any other country. These projects created 62,000 jobs. American companies continue to seek investment opportunities in Africa, and Propio can help you navigate this process thanks to world-class language services.
United Arab Emirates
The United Arab Emirates (UAE) poured more than $25 billion into Africa over four years. This makes sense given the UAE’s proximity to eastern Africa as it sits on the eastern edge of the Arabian peninsula. The UAE’s capital investments in Africa are expected to rise sharply in the coming years: The government in 2020 announced a $500 million initiative to help Africa’s youth and to digitize resources. In late 2019, the UAE said it was finalizing a free trade agreement with a consortium of African countries.
Great Britain
Great Britain invested nearly $18 billion in Africa from 2014 to 2018, covering 286 projects and creating 41,000 jobs. Britain, like France, still has strong ties to its former colonies in Africa, such as Sierra Leone, Kenya, Zimbabwe, Uganda, Zambia, Tanzania, and Egypt.
Propio: Helping You Invest in Africa
Propio understands that Africa represents a significant untapped market for foreign investment. Its 54 countries are home to 1.3 billion people, many of whom are young and will need good jobs in the coming years. The workforce is eager for opportunities to thrive. Propio’s services, from translation and localization to interpretation and multilingual contact centers, help you gain a strong presence in Africa.
