William Attwell, Practice Leader for FrontierView’s Sub-Saharan Africa research practice, was recently interviewed by Channels Television about the region’s policy priorities following the African Union’s 2020 Heads of State Summit in Addis Ababa, Ethiopia. William outlines three major themes from the African Union Summit impacting multinationals below:
- Strong growth expectations: Ahead of the summit, the African Development Bank released its annual economic outlook, which aligns with FrontierView’s view that Sub-Saharan Africa will be among the fastest-growing regions globally in 2020.
- Regional integration: There was a clear renewed focus on financing and constructing cross-border power and transport infrastructure to support regional trade integration, as envisioned in the African Continental Free Trade Agreement.
- Risks to the outlook: Rising terrorist threats, particularly in the Sahel and parts of East Africa, as well as the potential knock on implications for investment and tourism, pose significant downside risks to regional economies, as does the impact of climate change.
For more insights on Sub-Saharan Africa’s economic outlook, including key drivers and recommended actions for multinational executives, purchase William’s Sub-Saharan Africa 2020 Outlook on our Online Store.
FrontierView’s Sub-Saharan Africa experts are constantly monitoring key events impacting the region. How can we help you deliver better outcomes for your business? Contact us to connect with a team member.