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Why Africa is primed for impact investing

    • Lagos and other African cities are bracing for fast-paced growth that will make them among the globe's new megacities.
    • Chipiwa Mukono is director of finance and investments at Girl Power Talk and Blue Ocean Global Technology.
    • Sameer S Somal, CFA, is CEO of Blue Ocean Global Technology and co-founder of Girl Power Talk.
    • Lagos and other African cities are bracing for fast-paced growth that will make them among the globe's new megacities. PHOTO: AFP
    • Chipiwa Mukono is director of finance and investments at Girl Power Talk and Blue Ocean Global Technology. PHOTO: Chipiwa Mukono
    • Sameer S Somal, CFA, is CEO of Blue Ocean Global Technology and co-founder of Girl Power Talk. PHOTO: Sameer Somal
    Published Sat, Nov 26, 2022 · 05:50 AM

    INVESTORS looking to make a difference and make a profit should consider the fastest-growing continent for technology adoption, natural resource opportunities, and human capital: Africa.

    The second-largest continent by land and population, Africa has abundant untapped natural resources, vast potential for sustainable agriculture, transformative free trade agreements, new policies to improve women’s rights, and soaring digital commerce opportunities. In the quest for strong returns that can also drive positive global change, it cannot be overlooked.

    Africa has the world’s most rapidly expanding workforce, with over 60 per cent of the population under the age of 25, and forecasters predict that technology and infrastructure improvements will set the continent up for strong growth in the years ahead.

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