Newsroom > Blog
Are U.S. Investors and Companies Listening? Africa is a Good Buy.
Several of the world's fastest growing markets are where? You guessed it: Africa. This factor along with a growing base of consumers with disposable income, improving infrastructure and a host of other factors (like incredible natural resources)have made the continent tantalizing for several American giants like Walmart. But Walmart's move to acquire Massmart in South Africa is being met with some opposition according to a recent article in The Economist. Only time will tell exactly what impact the retailer will have, but we can take one lesson: If Walmart thinks Africa is a good buy, perhaps the rest of us should listen.
- 1. 89 percent of exports from Africa to China in 2009 were oil, minerals and other raw materials.
- 2. The value of exports from Africa to China grew from $4.2bn in 2000 to $38bn in 2009.
- 3. Africa imports from China are about equal to exports and include footwear, furniture, lighting, textiles, electronic toys and pharmaceuticals.