With a host of international investment conferences lined up for African nations in 2020, leaders across the continent are optimistic about the continent's fertility for international investors.
However, significant barriers to entry and political risks remain, including sluggish economic growth in major economies and stiff competition among overseas investors seeking to capitalize on the privatization of state-owned enterprises and infrastructure deals.
, EXX Africa analysts anticipate that the administration will ramp up efforts to overhaul the power sector and restore economic stability in 2020. Guinea's remarkable mining boom is threatened by President Alpha Condé's efforts to run for an unconstitutional third term against widespread resistance. The possibility of civilian and military unrest and ensuing foreign sanctions in the event of an escalation may prevent the government pushing through a constitutional amendment referendum and engender uncertainty for investors.
In Southern Africa, Zimbabwe is in the midst of its worst economic crisis in a decade, with food, medicine, fuel and power shortages accompanied by soaring inflation. The economy is expected to shrink by 13% in 2020. The country sits joint top with Burkina Faso as the most risky nation in Africa for investors.
Political risk could manifest itself in the form of street revolutions, the report projected, pointing to recent demonstrations hijacked by powerful militaries in Algeria and Sudan within the past year. Political temperatures have also been on the rise in Tunisia, Burkina Faso, Zimbabwe and South Africa, and could offer investors further pause for concern.
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