— This makes the African energy sector highly promising.”The governments of many African countries are actively supporting this trend. According to experts, the African market now resembles China in the early 2000s: enormous potential with considerable risks. Eighteen African countries have a debt-to-GDP ratio exceeding 70%, and infrastructure constraints continue to hinder economic growth. Often, what seems like an obstacle is actually an opportunity for innovative solutions and first-mover advantage.”The year 2023 was indicative for understanding the complexities of the African market. “These cases do not so much speak to problems in the African market as they demonstrate the need for a more flexible approach to doing business” — analyzes Vladimir Kokorin.

Source: The North Africa Journal November 15, 2024 07:26 UTC