An Address by Deputy President Cyril Ramaphosa at World AIDS Day 2017 commemoration, Walter Sisulu University, Mthatha
The Ripening Market
Africa’s Private Equity Market is maturing quickly and growing even more crowded. According to the Boston Consulting Group’s 2016 report “Why Africa Remains Ripe for Private Equity”, around 25 years ago, only twelve African based Private Equity firms were managing a combined $1 billion. Today this figure is upwards of $ 30 billion managed by more than 200 African Private Equity firms.
The agriculture sector employs more people in Africa than any other industry and it also accounts for almost half of the continent’s GDP.
Yet inefficiencies in the sector have held back production in the sub-Saharan African region, hindering the sector’s growth and stymieing the industry’s ability to achieve cross-border trade and long-term food security.
Four out of 10 international tourists in Africa come from the continent itself, according to the new UNCTAD Economic Development in Africa Report 2017: Tourism for Transformative and Inclusive Growth. In sub-Saharan Africa, this number increases to two out of every three tourists whose travels originate on the continent. Data backing this key finding show that, contrary to perception, Africans themselves are increasingly driving tourism demand in Africa.