With the fastest growing middle-class incomes and 7 countries in the top 10 dynamic economies from around the world, Africa is not only a continent conducive to investment, but one with major growth opportunities and business potential.
Between consumer spending by Africans expected to double by 2020 and the United Nations predicting Africa’s population growth to top the list by 2050, CIEL did not wait for the shifting demographics to start investing in the continent.
The group has already confidently invested in several of its key sectors including Agriculture (through its associate Alteo), Textile, Finance and Healthcare. The abundance of exploitable land, a captive market for sugar in East Africa and the fact that 65% of the African workforce is active in agriculture, made it a perfect location for Alteo to develop its sugar business in this region. The same logic applies for the textile industry with an accessible and qualified workforce in Madagascar while our finance or healthcare clusters are well positioned to benefit from a growing demand for financial or private healthcare services across the continent.
If one might consider that the availability of such a variety of resources and manpower will attract too many competitors for one’s business, keep in mind that Africa is vast, diverse and comprises a whole array of opportunities.
Considering all these possible investment perspectives available in Africa, CIEL Group remains attentive to opportunities and will seize them whenever they are relevant.
We are, today, already present in four sectors on the African continent, and intend to build upon our existing assets for a sustainable growth.
Agro and Property sector