IBS North America
International Business Strategy

IBS ITALIA has partecipated this morning to the event “African Devolopment Bank - Africa’s Economic Transformation: Progress, Opportunities and Risks” organised by ICE - Italian Trade Promotion Agency.

In his presentation Professor Mthuli Ncube, Chief Economist and Vice President of African Development Bank, has pointed out progress made by the country and all investment opportunities it can offer. Africa can be divided in three areas, each of them with different desenvolving pace: in descending order tropical area, southern one and norther one. However, all the country needs foreign investment, especially in sectors such as infrastructure, agricolture, telecomunications. Mineral resources, like aluminium, bauxite, cobalt, diamond and gold need to be mentioned too. 

Although general African growing rate reached in 2013 is 4.8% with a stable demographic and middle class growth, investing in Africa has been still risky. However, to protect investors Mr. Luigi De Pierris, Private Sector Operation in African Development Bank, has shown IRMA - Iniciative for Risk Mitigation in Africa, a tool promoted by Italian Government and OCSE, funded by Italian Ministry for Foreign Affairs, which offers interesting garantees for both political and trade risk coverage.

For further information write to: info@ibsitalia.biz