Region - The ERMCRI Group

Africa

The Region We Serve

With a population of about 1.361 billion, Africa is the second-fastest growing region in the world. The continent has the highest population growth rate, rising from 500 million in the 1980s to more than 1 billion in 2014 to a projected 2 billion and $29 trillion GDP by 2050.

Statistics and Facts about Africa

Spending

0Trillion

by 2025

Consumption by middle-income households is estimated to reach $2.1 trillion by 2025.

Foreign Direct Investment (FDI)

0billion

in 2018

Defying the global slump of Foreign Direct Investment (FDI) and an increase of 11% over the previous year.

Resources

0%

World mineral reserves

8% of the world’s natural gas, 12% of the world’s oil reserves; the continent has 40% of the world’s gold.

Growth

This growth is augmented by extreme urbanization, with four times as many cities over 1 million people as the United States. Propped up by the world’s fastest growing consumer market, consumption by middle-income households is estimated to reach $2.1 trillion by 2025.

Africa defied the global slump of Foreign Direct Investment (FDI) to $46 billion in 2018, an increase of 11% on the previous year as manufacturing, technology, construction and service sectors expand across the continent and companies harness untapped natural resources.

Prospects

Africa is home to some 30% of the world’s mineral reserves, 8% of the world’s natural gas, 12% of the world’s oil reserves; the continent has 40% of the world’s gold and up to 90% of its chromium and platinum. It boasts 30% of the world’s unused mineral resources and 60% of the world’s uncultivated fertile land.

The ERMCRI group, headquartered in Ghana is not just by chance but strategically decided. The country, dubbed ’The Gateway to Africa’ has

Central location — serving as a natural gateway to the African region
Abundant natural resources
Competitive and educated labor pools, with young populations
Number one pick for foreign investors to be the initial hub of their regional operations
Favorable tax and trade incentives with regional and international markets, including the European Union and United States
Strong and stable economic growth