Falling raw materials prices, health crises, security threats and so on have led the IMF to adjust its growth forecast for Africa downward. What are the implications for African businesses?

wpid-imf-300x180.jpgHowever Africa’s economic outlook will be discussed at the upcoming?AFRICA CEO FORUM which?agenda will focus primarily on the development priorities of African businesses.

This, according to organizers is in line with the original purpose of the forum which, since its inception in 2012, has established itself as the must-attend event for the African private-sector.

Experts and delegates will discuss the growth paths of Africa’s economies over the next five years. The time for this discussion is more relevant than ever: several African countries have been weakened by falling oil and mineral prices while others, which are less dependent on raw materials, are seeing new opportunities open up. It remains to be seen exactly what and where these new opportunities are, and how they can be leveraged…

The 2015 AFRICA CEO FORUM will also address the subject of Africa’s competitiveness, which is a crucial factor for businesses. The organisers – led by Groupe Jeune Afrique and the African Development Bank – have decided to tackle the issue of the famous Doing Business index which, every year, measures progress in the business environment of 189 countries. The question that will be asked in Geneva is very simple: why is Africa lagging behind (there are 36 African countries in the bottom 50) when Georgia, which is also an emerging economy, has climbed 100 places in eight years and is now in the top ten? We are guessing that political decision makers will offer a different perspective to their business counterparts. The discussions promise to be lively.

The urban explosion in Africa will also be high on the agenda at the forum. The focus here will not be on questions of urban planning, but rather what share of the 25 billion dollars-a-year consumer market African businesses can tap into, and under what conditions. Because of their invaluable grass-roots knowledge of transport, networks of all kinds, trade, planning, building and other (new) sectors in Africa, they could play a decisive role in structuring African cities and making them more productive.

Source: spyGhana.com

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