Doing Business In Africa
As Africa continues its recovery from the 2014 commodity price slump, concerns are emerging that unsustainable debt poses the next great risk to the continent. According to Brookings, the median debt-to-GDP ratio in Africa has increased dramatically in recent years, jumping from 34 percent in 2013 to over 53 percent in 2017. Debt levels now exceed 50 percent in 25 of the region’s 45 countries, compared to just 11 in 2013. Adetunji Omotola and Bryan Hattingh share their experiences about operating their businesses in Africa, and some of the challenges they have identified.