AVCA

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African catch up
Greatly Improving Investment Climate
Nanno Kleiterp, Chief Investment Officer, FMO.
AVCA Dakar, Senegal November 6, 2006
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1. African per capita income increasing in
tandem with other developing countries
Annual Change in Real per capita GDP
Forecast
2008
Source World Bank
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2. Economic Growth average 4,5 in 16 countries
in Africa ? Some will achieve the MDG Halving
poverty by 2010.
Many African countries, including Senegal,
Mozambique, Burkina Faso, Cameroon, Uganda, Ghana
and Cape Verde, have lifted significant
percentages of their citizens above the poverty
line, and may be on course to meeting the income
poverty Millennium Development Goal (MDG) target
of halving poverty by 2010 (Source World Bank)
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3.1 Doing business not easy, but
Ease of doing business rank, Simple average by
region
Data sources The World Bank Doing Business
Database, 2005 survey.
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3.2 being made easier ? Real
progress is on the way!
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4. Being there FMOs Investment portfolio in
Africa 2001 EU 300 mln, 2004 EU 455 mln, 2006
EU 700 mln. If you are not investing in Africa
now, you are missing the boat! Thank you,
Nanno Kleiterp, www.fmo.nl