Blockchain The Key to Attractive Investments In Africa
UWIN (Unleashing the Wealth in Nations), a business that aims to transform agriculture and commodity trade in Africa and other parts of the developing world, has issued research showing a positive outlook for the continent’s opportunities by professional investors.
Interviews between May and June 2018 by the market research company PollRight of 51 professional investors, including hedge funds, investment funds and pension funds, drew out the conclusion.
The research states that 45% see Africa as an attractive investment opportunity, and only 27% see it as “unattractive.” Two thirds (64%) expect direct foreign investment in Africa to increase over the next five years, with 12% anticipating a large increase. Only 10% anticipate a fall in this area.
Technological advances, particularly blockchain, are cited in the survey as transformative economies there.
Other key findings of the investigation include:
42% of investors expect levels of corruption in Africa to decrease, compared to only 24% that anticipate that it will increase 46% of professional investors expect Africa to enjoy the strongest economic growth in any part of the world in the coming years. 54% of professional investors say that Africa will attract more direct foreign investment because the continent will be more attractive to investors because there will be more stability in the region, followed by 44% who said their young and fast-growing workforce gives an advantage over Many developed countries have the opposite. Between now and 2023, 42% of investors expect levels of corruption in Africa to decrease, compared to only 24% that anticipate that it will increase The lack of infrastructure is considered the biggest obstacle to curb Africa, highlighted by 82% of the professional investors interviewed. This is followed by the lack of solid regulation (78% of investors) and political risk (80% of investors). However, there is a strong feeling among investors that many of these problems are beginning to be addressed. It is also expected that much of the investment in Africa will continue to improve the infrastructure of the region: 80% of investors expect the use of Project Finance in Africa to increase over the next five years, and 88% believe that the amount spent in infrastructure in general increase. 64% of professional investors expect direct foreign investment in Africa to increase over the next five years 46% believe that Africa will enjoy the strongest economic growth anywhere in the world.This story was originally published in Spanish at Cripto247