Adebola
Kenya has been tipped among the next investment hotspot in Africa for profitable investments by British firms.
New research by the Overseas Development Institute (ODI) funded by the UK Department for International Development released last week said UK firms should see Kenya and four other African countries including Nigeria, Ghana and South Africa as a place where they can make a profit, not just do charitable work.
“Africa presents a business opportunity for the UK and other foreign investors targeting a place with a growing market base and higher returns,” said Max Mendez-Parra, joint author of the report and a senior research fellow at the Overseas Development Institute.
“These investments are a win-win for the UK and Africa — creating jobs, growing economies and helping fight poverty across the continent, alongside traditional aid.”
The London-based think tank has produced figures that show the rate of profit on investment for firms investing in Africa is higher than many parts of the world.
https://www.businessdailyafrica.com/
