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Tuesday, 29 September 2015

Is Africa Germany’s future market?

This article states that the export-oriented German economy should consider alternative markets in Africa. Increased investments are needed for infrastructure, energy and in turn, this could enhance integration into efficient Global Value Chains (GVC). In light of the Euro Zone problems, the crisis in emerging markets, and the Chinese economic downturn, investment in Africa offers many opportunities. Indeed, recently the German Engineering Federation Association (VDMA) emphasized that Africa is awakening “from its slumber”. Moreover, out of the ten fastest growing economies in the world currently six come from Africa.

Source: tutwaconsulting.com