Africa: A continent of contrasts

Key Takeaways:

• Intraregional trading relationships developed to manage COVID supply chain challenges and geopolitical disruption are positioning African countries for growth
• Rising interest rates make imports more expensive; efforts to reducing reliance on the euro and the US dollar
• Regional trade and currency unions spur more local producing and trade
• Increased digitalization offers access to financial infrastructure, and even more important: education for young and growing population
• Liberalization in monetary policies as some tensions ease
• Leaning toward democracy; new leaders educated abroad returning to Africa
• New investment from corporates in the region - taking a chance on the promise of growth

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