Coen Welsh | Nov 14, 2017 | 0
Investment will not be discouraged – DHL
Hennie Heymans, Managing Director of DHL Express Sub-Saharan Africa recently said that the company firmly believes that the African continent is still one of the last frontiers for growth, and that the region will continue to grow as it has over the past decade due to the vast number of unexploited opportunities available for local and foreign investors. “The drop in GDP growth for the region over the past year shouldn’t deter investors. Africa will continue to thrive, albeit, at a slightly slower pace as previously experienced. Similar to the global environment, which reported growth of 2.4%(2) in 2015 (down 0.2% year on year) – it was a tough year economically for Africa. Compounded by a drop in the demand for the continent’s commodities resulting in falling prices, declining currencies, political instability and El Nino causing widespread drought, have all contributed to the region’s challenges. However, despite this, Heymans said the region remains abound with untapped prospects and offers growth opportunities in 2016 for those willing to seek them out.