Africa has undergone an economic transformation over the past decade. While there is wide variation among the continent’s markets, its frontier economies have been among the fastest-growing worldwide, in a trend that will likely continue over the next decade. That growth is unlocking opportunities in sectors new and old – one of the reasons why Africa offers one of the highest rates of return of developing regions.
North Africa has been through a turbulent few years following the Arab Spring, although the region’s economies have navigated the subsequent challenges in very different ways. While exogenous pressures have constrained policy flexibility and fiscal space, the region’s long-term fundamentals are robust. Growth rates remain stable and new reforms are attracting capital into secondary and tertiary sectors.
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