McKinsey’s report titled Lions on the move: the progress and potential of African economies has Africa’s real GDP increasing by 4.9% per annum from 2000 – 2008. African governments and private investors have plans to spend $72 billion per annum in infrastructure! Power and water infrastructure, will require an additional $46 billion per annum.
Here’s why you should be doing business in Africa:
- The current rate of return on foreign investment in Africa is higher than in any other emerging market. Early entry into African economies provides opportunities to create markets, establish brands, shape industry structure, influence customer preferences, and establish long-term relationships. Business can help build the Africa of the future.
- Africa’s growth acceleration is well spread across industries – with 27 of its 30 largest economies expanding more rapidly after 2000. All sectors contributed, including resources, finance, retail, agriculture, transportation and telecommunications. Natural resources directly accounted for just 24 percent of the continent’s GDP growth from 2000 through 2008. Key to Africa’s growth surge were improved political and macroeconomic stability and microeconomic reforms.
- Future economic growth will be supported by Africa’s increasing ties to the global economy. Rising demand for commodities is driving buyers around the world to pay dearly for Africa’s natural riches and to forge new types of partnerships with producers. And Africa is gaining greater access to international capital; total foreign capital flows into Africa rose from $15 billion in 2000 to a peak of $87 billion in 2007.
Why you should sponsor or exhibit at African Utility Week?
- 1,800 delegates attended from 45 countries in 2010 making African Utility Week – Africa’s largest utility conference & exhibition, and your gateway to the continent
- Meet the entire water and power buying ecosystem under one roof – explore business opportunities
- Increase your customer base and open up new sales contacts
- Position yourselves as thought leaders and differentiate yourself from the competition
- Almost all of the attendees at African Utility Week spend considerable time on the exhibition floor examining new products and services – make sure you are seen by these buyers
For a tailor-made sponsorship package, please contact our Sponsorship Managers:
Phone: +27 21 700 3515
Phone: +27 21 700 3531