Africa’s growth is underpinned by strong fundamentals, making the continent a destination for companies looking to grow their markets.

Sub-Saharan Africa is the second fastest growing region in the world, with its strongest economies, including Ghana, Kenya and Tanzania, proving to be particularly bright spots (IMF, April 2021).

Rapid Urbanization
Africa is home to 9 of the 20 fastest growing cities in the world

Growing Consumer Populations
Africa will have the largest working-age population in the world by 2035

Untapped Assets
Africa is home to 60% of the world’s uncultivated fertile land, 30% of its mining resources and a manufacturing export sector that has grown 9.5% annually over the past decade

CFTA
The African Continental Free Trade Area (CFTA) launched in January 2021, creating the largest free trade area in the world since the formation of the World Trade Organization

BlackIvy’s anchor countries, Ghana, Kenya and Tanzania, enjoy:

+ central locations—serving as natural gateways to their regions

+ abundant natural resources

+ competitive and growing labor pools, with young populations

+ favorable tax and trade incentives with regional and international markets, including the European Union and United States

+ strong economic growth