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Traditional big guns in Africa being replaced

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(iStock)
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Cape Town - Traditional big guns in Africa like South Africa and Nigeria have increasingly been replaced over the past ten years in the eyes of investors.

This is the view shared by Robert Besseling, executive director of EXX Africa, at GTR Africa Trade Finance Week 2017 on Thursday. He named countries like Ethiopia, the Ivory Coast and Senegal as having become increasingly favourable to investors.

"There has been a shift from former key players on the continent. Some of these larger economies like Nigeria and South Africa are not regarded as part of the big opportunities on the continent anymore," said Besseling.

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