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MyAfricanPlan.com Releases Report, 52 Reasons to Invest in Africa


MyAfricanPlan.com has released a report on the 52 Reasons to Invest in Africa. The report is based on a principle that realizing a return on investment in Africa can be good for different types of foreign investors and at the same time good for Africans.

MyAfricanPlan.com Releases Report, 52 Reasons to Invest in Africa
Chicago, IL, February 08, 2011 --(PR.com)-- Wealth is created by giving people something they want or need. No one has a monopoly on wealth creation, especially in a promising market like Africa. Everyday people, retail investors, and small and medium enterprises (SME’s) can come up with something that people in Africa want and need. Perhaps, a better way to look at investment opportunities in Africa is not through the lens of a stock market but rather a “food market.”

Successful trips to the food market are the ones in which one returns back with something people (i.e. family members) want. As some investors scrimp on the few investment opportunities in developed markets like the United States and Japan, and other investors pounce on the already identified opportunities in emerging markets like Brazil and China, the investors that will return with a lion’s share of what people want are the investors that walk down the “shopping aisle” of new investments in Africa… perhaps with a few coupons in hand as they walk the walk.

The report by MyAfricanPlan.com reads like a “coupon list” for reasons to “shop” in Africa. It discusses 52 reasons as a nod to Africa’s 52 countries. In essence, the list includes both continent-specific and country-specific reasons to invest in Africa. Some of the reasons the report lists are as follows:

Reason #3: Africa has the ability to supply the demand for commodities. Think of Africa’s natural resources. According to Nile Capital Management, 10 percent of the world’s oil reserves and 40 percent of the world’s proven gold reserves are in Africa. In addition, according to a US Geological survey by Credit Suisse, Africa contains 90% of the world’s platinum reserves, about 80% of its cocoa and diamonds, 60% of its phosphate, 50% of its bauxite and chromium reserves, 20% of its titanium, and close to 15% of its oil and natural gas.

Reason # 4: Big multinational companies are spending big money to build up Africa’s infrastructure. For example, diamond industry leaders De Beers recently signed a deal to mine diamonds in Botswana, including a commitment to build a diamond sorting facility. Also, the Infrastructure Consortium for Africa (ICA) reported on Jan. 18, 2011 that IBM will be joining Bharti Airtel (which services 16 African countries) to improve its telecommunications infrastructure.

Reason #29: Mauritius ranked 20th among 183 countries (and first in Africa) as the “Easiest Place to Do Business” according to a June 2010 ranking methodology by the World Bank. A high ranking means that the country's regulatory environment is relatively conducive to the starting and operation of a business.

Reason #52: Investing in Africa means investing in lives, literally and figuratively. Foreign investors are in a good position to help the economically deprived in Africa. But why? Well, because economic deprivation in the continent of Africa negatively impacts economic security across the world.

Read the rest of the report at http://www.MyAfricanPlan.com

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My African Plan
Chuki Obiyo
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