The African Cup of Nations has been nothing short of entertaining and it has naturally drawn a lot of attention to the host country - Côte d’Ivoire. What is not common knowledge however is that Côte d’Ivoire has been one of the best performing economies on the continent in the last decade, averaging a real GDP growth of 8.2% between 2012 and 2019. Just like their football team at the AFCON tournament this year, the country’s economy proved resilient during the pandemic, recording a 2% growth at a time when most of the world’s economies contracted. In 2024, Côte d’Ivoire is also projected by the IMF to experience the highest GDP growth on the continent at a rate of 6.6%. As I write in a recent blogpost for CrossBoundary Group, “I expect a successful 2024 CAF Africa Nations Cup to serve as Côte d’Ivoire’s coming-out party, bringing it to the attention of global audiences.” I posit that the country will be an attractive investment destination this year. In this piece I also share some landmark events to anticipate that have the potential to significantly impact the African investment scene this year. I write about my projections for investment activity within the region, what sector will have a breakout year and what type of investors will take center stage. Take a read here: https://lnkd.in/dqXGER5V I’m happy to hear your thoughts and your projections for the investable landscape on the continent.
Managing Director at CrossBoundary Access
1yFantastic, thank you for sharing!