AFRICAN LEADERS, TAKE NOTE
EY has a word of caution to Africa’s leaders, though. The continent’s future will not take care of itself. In fact, Africa is at a turning point and low productivity, political instability and infrastructure shortages should be addressed urgently to ensure continued and sustained growth.
This year’s survey shows that investor perceptions of Africa have reached their lowest level since 2011, while investor conf idence about f uture investment attractiveness has also dipped.
“It’s important not to overstate the deterioration in the perceptions of Africa’s attractiveness,” Sita said. He ascribes this year’s more pessimistic results to an increase in political and economic uncertainty across Africa, most notably the Ebola crisis in West Africa, political conflict in places like Burkina Faso, South Sudan and the Central African Republic, terror attacks in Nigeria and Kenya and