ESG, Blockchain & ICT Projects Lead Investor interest in Africa
Metropolitan Washington DC – Tuesday, April 18th, 2023.
Grid2Grid, LLC, through its advisory business unit is experiencing increasing demands from foreign investors interested in several key growth sectors in Africa. The sectors are ESG, blockchain and ICT. A growing number of US companies that have not had experience in Sub-Saharan Africa (SSA) are looking for projects in which to invest with several reviewing immediate opportunities. Asian domiciled companies continue to lead the way in terms of overall interest from foreign investors in Africa with blockchain and ICT projects front and center. The composition of investor interest has changed from infrastructure and agriculture, which previously led the way until early 2020. Since then, there has been a pronounced change in the way investors view opportunities in SSA with these high growth sectors offering a win-win outcome for local companies and host countries, whilst showing first time foreign investors the benefits of investing in SSA’s private sector.
Grid2Grid, LLC ‘Networks Powered by People’ provides advisory, investment and trade promotion services in emerging markets and is headquartered in Metropolitan, Washington DC.