With the recent referendum by the United Kingdom to leave the European Union, many businesses with existing or planned investment interests in the UK have started turning to African countries. The Ecobank Group Research who revealed this in a statement entitled ‘’Investment after Brexit: Africa is the Final Frontier’’, said that the businesses were looking for new investment frontiers.
‘’With the UK having voted in its recent referendum to leave the European Union, many businesses with existing or planned investments in the UK will be looking for new investment frontiers. ‘’Africa’s move to diversify its economies and its rising consuming class are creating an array of new investment opportunities. ‘’ Kenya, Côte d’Ivoire, Senegal, Ghana and Ethiopia are the best examples, with broad-based economic growth, young populations and rising urbanisation,’’ it said.
According to it, it is essential that investors and businesses understand the opportunities that Africa’s new economic frontiers present.
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