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Friday, 9 January 2015

Four Predictions for Africa in 2015.

In 2015, Africa will undergo tremendous changes. Here at Africa Analyst, here are the four major points we think will shape Africa in 2015.

1. Faster economic growth
Many countries will continue to grow their economies faster, and pay credence to the Africa rising narrative. Already, six of the ten fastest growing economies in the world are in Africa, and we must do as Africa is to consolidate these gains. However, the challenge will be in how the gains of this economic growth are spread.

2. Booming real estate sector.
The real estate sector in the continent is set to undergo tremendous growth, and cities such as Luanda in Angola will remain areas where property prices will be particularly high. However, the growth in real estate sector must not be to the detriment of other sectors of the economy.

3. Booming IT sector.
The IT sector could be the real game changer in Africa. However, more must be done to move this palpable sense of growth from hype to reality. Already, many incubation centers such as Ihub in
Kenya and Hypercube in Zimbabwe are set to transform the sector in Africa. Mobile money transfer will also be a growing area, and this sector will continue to contribute to Africa's growth trajectory.

4. Increased Political Stability.
Even though there are instabilities here and there in Africa, there will be more African Presidents that will retire peacefully, and more countries will hold peaceful elections. Military coups, as all of us hope, will soon be a thing of the past.

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