OPINION: Managing Finances Well is Key to Africa’s Success
Thursday, April 17, 2014
Analysits are starting to warn investors about emerging markets, fuelled by forecasts from the likes of JPMorgan Chase and HSBC of slowing economic growth. At the same time, developed markets are showing signs of recovery, making them more attractive.
While Africa’s attractiveness as an investment destination has grown over the past decade, the role of governments has been shifting. Previously, a significant proportion of government budgets in many African countries was financed by global development partners and international aid.