‘Sub-Saharan Africa trades more with Asia than with any other region, and economic ties between the two continents will become even closer over the coming years. While Asian demand for African resources is a key driver of increasing trade, so are booming African imports of capital goods and consumer products. Although we expect economic growth to slow in Asia, particularly in China, we believe that Africa's rapid growth trajectory will be maintained. The continent's recent growth has not merely been the result of a Chinese-driven commodity boom, but rather represents a structural improvement in Africa's economic fundamentals.’
Business Monitor International (BMI) has just published a brand new Special Report examining the economic connections between Asia and Africa, and how we see this growing relationship developing over the coming years.
The report analyses key topics including:
- How Africa-Asia trade is moving beyond commodities, as economic links diversify
- The effect of Chinese investment, trade, and migration on African growth
- How India, Japan, and ASEAN states are building closer economic ties with Africa
- The relative importance of Asian investment in different African economies
- The transformative effect of Asian investment on the African manufacturing sector
- The effect of a China slowdown on African economies
The report draws on the experience of country risk and industry analysts at BMI's offices in London, Singapore, and Johannesburg to provide you with a comprehensive view of the links between Asian and African economies. The contribution of analysts from eight different sectors – agribusiness, automotives, food and drink, infrastructure, mining, oil and gas, power, and telecommunications – presents an in-depth view of how trade between the two continents is affecting a variety of industries.
While the report covers the economically crucial relationship between China and Africa, it also provides analysis of Indian, Japanese, and South East Asian investment into the continent.
The report demonstrates BMI’s ability to look beyond near-term trends and utilise our breadth and depth of knowledge to provide a detailed analysis of industry and macroeconomic trends on a global scale. It draws on BMI’s 30 years of experience to critically evaluate the outlook for Asia and Africa’s relationship, helping you assess the role this could play in your company’s growth strategy for 2013 and beyond.