Africa has been regarded as the next investment hub in the world. As global economies struggle to keep afloat, Africa has become the new location for business. A continent looked at for its resources and image of hunger and poverty has suddenly become the new destination for business sustainability. While several investments were made in the continent this year, Ventures Africa has selected 40 notable investment deals for the year 2012. These investments were chosen based on the effect it has on the African economy and potential profit to be derived thereof. The investments range from initial forays into the African market to opening shop, mergers and acquisitions as well as investment plans that will sprout to significance in 2013. In no respective order, the investments include:
OPIC’s Amethis Africa Finance Ltd: Board of Directors of the Overseas Private Investment Corporation (OPIC) recently approved $150 million for a new company (Amethis Africa Finance Ltd) which is designed to support their growth in Africa’s lucrative sector – Agribusiness, energy & infrastructure and financial services. The new investment will help fill a financial gap that has prevented investors from taking advantage of sound investment opportunities in Africa.
Emfuleni’s $115 million Port Elizabeth Hotel: Emfuleni Resorts launched a new $115m five-star hotel and convention centre in Port Elizabeth. The project is part of the Broadwalk Casino and Entertainment World, which was opened in 2001. According to Bongi Siwisa, Chairperson of Emfuleni Resorts, “This is the largest single entertainment and tourism investment in the Nelson Mandela Bay Metro, and is a vote of confidence in the region.”