Sunday, December 27, 2009

Africa - opportunities for BPO and telecoms are top investment opportunities

[itweb] Business process outsourcing (BPO) and telecommunications in Sub-Saharan Africa rank among its top investments for next year, says Frost & Sullivan.

The global research company has ranked BPO and telecommunications in Sub-Saharan Africa among other investment opportunities, such as biofuels, renewable energy, water treatment and coal-mining.

Africa has garnered new interest from investors over the last year, as the economic slowdown in developed economies highlighted the growth potential on the continent. Many sectors in Africa have continued to shine, despite the global economic turmoil.

“Africa is emerging as a significant frontier for growth in the current economic climate,” notes Frost & Sullivan corporate communications manager Patrick Cairns. “Frost & Sullivan has identified areas of potential we believe investors should keep an eye on over the coming year.”

African telecoms top investment for 2010

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