Indian companies hunt for opportunities among Africa’s diverse economies and regulatory regimes
Vandana Chatlani reports
The tapestry that tells Africa’s story shares many of the same threads used to weave India’s story. Free from their colonial powers, both Africa and India have witnessed remarkable economic and social development and yet remain plagued by high levels of poverty and a growing divide between rich and poor.
Both India and countries in Africa have experimented with liberalization and suffer from inconsistent law enforcement and political tensions. Yet despite the regulatory labyrinths that confront investors, both India and Africa offer promising prospects, vibrant economies and also a rich experience for entrepreneurs.
Today, Indian investors are providing products, services and infrastructure to fulfil the needs of a growing population across Africa. Even tightly regulated sectors such as telecoms and financial services are attracting investor interest.
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