AFRICAN LEAD­ERS, TAKE NOTE

Finweek English Edition - - SPOTLIGHT -

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

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