Join British Expertise and Invest Africa-Business Council for Africa (BCA) on 22 May 2018 for a light finger lunch event as we co-host UK Heads of Mission from Southern Africa. The event will provide country political and economic updates and also reflcections on doing business in the region. Following recent developments in Southern Africa there may be new and increased business opportunities for trade and investment. We are delighted to welcome: H.E. Nigel Casey CMG MVO British High Commissioner to South Africa, H.E. Catriona Laing CB British Ambassador to Zimbabwe, H.E. Fergus Cochrane-Dyet OBE British High Commissioner to Zambia, H.E. Holly Tett British High Commissioner to Malawi and H.E. Kate Airey British High Commissioner to Namibia.
The UK Heads of Mission will provide insights based on their experiences and current developments in the countries they represent. In the context of UK’s exiting Europe, it will be interesting to hear what opportunities Southern Africa presents for British companies.
According to the African Development Bank’s report, the economic outlook for the Southern Africa region is cautious. Broad-based economic activity is expected to recover, but the outlook remains modest, given the diverging growth patterns for the region’s economies. Despite the expected improvement, economic performance remains subdued as the region’s economic outlook continues to face major headwinds: high unemployment, weak commodity prices, fiscal strain, increasing debt, and high inflation. Future regional growth is bolstered primarily by expectations of increased investment in non-oil sectors such as electricity, construction, and technology, in large infrastructure projects, and in mining, as well as a continued recovery of commodity prices.
According to the World Bank, the future outlook in sub-Saharan Africa shows growth in the region projected to continue to rise to 3.2 percent in 2018 and to 3.5 in 2019, on the back of firming commodity prices and gradually strengthening domestic demand. Given demographic and investment trends across the region over the longer term, structural reforms would be needed to boost potential growth over the next decade.
BEI and IA-BCA Members: No charge
IA-BCA Members should contact Margot Stumm (firstname.lastname@example.org) to secure their place without charge