Despite the challenges of conducting business in Africa, it remains a very lucrative area with vast untapped investment potential in energy and power, transportation and mining sectors, particularly in Ghana, Nigeria, Togo and Benin, as well as the members of Economic Community of West African States (ECOWAS). Key challenges include understanding the differing regulatory environment, economic and political stability levels of each country.
Ghana is Africa’s fastest growing economies, with a high level of political and economic stability. The country currently produces approximately 80,000 barrels of oil per day. Latest investment came from the China Development Bank in the form of a US$3 billion loan, which will be used in the infrastructure sector based on the Ghanaian National Development Strategy. Nigeria, a mixed economy and emerging market, has the second largest stock exchange in Africa and enjoys an annual economic growth of 7%. It is also the world’s 12th largest producer of petroleum, which accounts for 80% of national revenues and set to emerge as second largest economy in Africa.
Energy Infrastructure Investment Summit 2013, scheduled on 25-27 September in Accra, Ghana, will provide investors, government bodies and infrastructure developers with exclusive insights on the latest investment and financial opportunities relating to energy infrastructure investments in the West and Sub-Saharan African region. It will shed light on the best strategies for planning and negotiating large-scale infrastructure projects in cooperation with governments, development banks and financial agencies, and infrastructure developers.
The three mega-trends identified in the African continent are the growing resources industries, the expanding demographics and rapidly urbanising population, and demand for infrastructure for the energy and food demand of the population. In the current situation, the substantial deficit in Africa’s energy infrastructure results in increased production and transaction costs, reducing business competitiveness and also negatively impacting on the foreign direct investment flows to the continent. This, in return, impacts on the rate of economic and social development in the continent. Africa is home to almost one third of global mineral reserves, and has a collective GDP amounting to USD 1.6 trillion, thus the anticipated and most significant impact of trends would be in the sectors of natural resources and infrastructural development.
Come and join us in this conference from 25th – 27th September 2013 at Ghana and hear from renowned panel of speakers on the many investment opportunities, unique project partnerships and crucial strategies!
For more information, please contact
Tel: (+65) 6825 9625