ADVOCATING FOR AFRICA
Since the turn of the century there has been a surge in interest from multinational companies to invest in Africa. Africa is the world's fastest-growing continental economy. Over the past 10 years most countries in Africa experienced sustained economic growth, with growth rates often exceeding 5% per year. This has inspired much optimism about the regions prospects of development.
Part of what makes Africa an attraction to investors is its inﬂating population with a growing young labour force – a highly valuable asset in an ageing world. In 2034, Africa is expected to have the world's largest working- age population of 1.1 billion, larger than China or India.
Second, Productivity in African cities is three times as high as in rural areas and, over the next decade, the United Nations is conﬁdent that an additional 187 million Africans will live in cities. This urban expansion is contributing to rapid growth in consumption by households and businesses. Statistics show that, Household consumption grew at a 4.2% compound annual rate between 2010 and 2015 – faster than the continent's GDP growth rate. Economists project Africa's consumers will spend $2 trillion by 2025.
Third, reinforcing the positive outlook for growth is a continuing rise in infrastructure investment. Spending on infrastructure has doubled over the past decade, and now stands at 3.5% of GDP. Besides economic growth, Africa has two other valued assets that make it appealing to companies looking for investing possibilities: low-cost resources and free-trade agreements. Labour costs in Africa remain relatively low and Productivity levels high. Already, South Africa's productivity is more than two and a half times that of China, and it is forecasted to continue growing beyond 2030.
Moreover Across the continent, Governments have put in place free-trade agreements and government incentives that are favourable to companies looking to do business in Africa. The turbulence – both economic and political – in parts of the continent in recent years has doubtless been a shock, but it has not derailed Africa's growth story. The IMF still forecasts that Africa will be the second-fastest growing region in the world with annual growth of 4.3% by 2020.
VISION, MISSION and COMMITMENT
Light of Africa Mission is to promote responsible sustainable business in Africa. We aim at breaking barriers in investments opportunities. Our mission is to deliver eﬀective services and advice to help businesses and investors overcome any challenges they may face in doing business in the African market and facilitating mutual success.
In Africa, passionate business minded people are eager to start a small business or grow and expand an existing one, but ﬁnancial resources and information are unavailable from banks and other traditional lending institutions. Our goal is to provide “booster shots” that will enable African businesses to expand. We envision creating thriving African economies through sustainable private business investments.
Our commitment to sustainable Investment remains our key goal. Through our huge presence in African market, we commit to creating long–term sustainable business partnerships with local businesses to develop a strong economy.
We actively work with businesses by providing training and mentorship. This will strengthen Africa’s key sectors and support local businesses to partner with international investors, improving their access to new clients and markets, skills and ﬁnance. We specialise in sourcing growth potential businesses and matching them with regional and international investors. We provide post-investment support to investors and entrepreneurs, allowing them to overcome the many challenges they may face.