Ramaphosa to Rally CEOs Tonight to Deepen African Investment

President Cyril Ramaphosa will break bread with the country’s most influential chief executives tonight, urging them to extend South Africa’s investment footprint across the continent.

The dinner forms part of broader G20 outreach efforts seeking to bring government, business, and civil society together to identify export and investment openings in Africa.

On assuming the presidency Ramaphosa declared: “The G20 presidency is a valuable opportunity for South Africa to advance efforts toward greater global economic growth and sustainable development. It is an opportunity to place the needs of Africa and the rest of the Global South more firmly on the international development agenda.”

According to a United Nations report, fixed investment into Africa amounted to 6% of all global fixed investment in 2024. According to the same source, Africa attracted almost US$100 billion in fixed investment in 2024, with the chief source regions being Europe, the United States, and China.

Speaking on investment opportunities in Africa, the Chief Economist at Rand Merchant Bank, Isaah Mhlanga, has previously said: “Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential”.

The Common Sense has previously reported that Africa has more cities of a million inhabitants than Europe and America combined and that the bulk of the world’s fastest growing economies are now in Africa.