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Economic growth in Africa: you can believe it!

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The economic growth of Africa is a reality and the actors remain confident.

« African business managers remain optimistic on their perspectives of growth in spite of a still structurally unstable economic environment« , indicated on Thursday the group of audit and advice, Price waterhouse Coopers (PwC).

« Business managers in Africa are more positive on their own capacities to create growth and on the economy perspectives now that they overcome the world financial crisis« , explained Suresh Kana, partner at PwC.

« Generally, they are more confident on the growth of their own companies than the perspectives of industry« , continued PcW in a communiqué presenting the results of the study « Africa Business Agenda« , realized with information collected from 260 African managers.

The questioned managing staffs are however worried by the lack of reactivity from African governments in front of obstacles they meet every day.

They notably worry about bureaucratic red tape, about volatile exchange rate, debts or budget deficits of their countries or problems of infrastructures.

« Doing business on the continent can be a disheartening experience for any company, because these companies are facing a myriad of uncertainties and challenges« , commented again Suresh Kana.

But many of them « quickly adapt themselves, overcoming number of these challenges » and making of Africa « the next border of growth« .


Original text by: Blaise AKAME

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