What the latest EY report suggests from an FDI perspective – Sandile Hlophe, partner and Africa region government and infrastructure leader.
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SANDILE HLOPHE: That’s a great question. We’ve seen three key sectors feature prominently in terms of investment. But interestingly we’ve seen about $50 billion coming out of the UAE, which is a new entrant into providing funding into Africa. Chinese investments are still there but have declined slightly. This is to be expected with the slowdown in the Chinese domestic economy. A lot of focus has been on stimulating that, which then obviously led to new entrants emerging.
Secondly, I know we’ve got our challenges around education and unemployment, but we’ve got some very good key skills in the continent. Particularly as we shift towards technology and coding, we’ve seen quite a big investment in various cities and so forth. So I think the African youth tend to be very nimble.
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