In 2015, economic growth in sub-Saharan African was severely weakened as African economies experienced the slowest growth rate since the 1998 global financial crisis. According to the IMF, the regional economy suffered primarily because of decreasing commodity prices and less accommodating global financial conditions.
Over the past decade, China’s growing economy produced many benefits for Africa as Chinese businesses travelled the globe in search of cheap commodities. China’s increasing demand for raw materials, particularly in the energy, minerals, and oil sectors, resulted in a massive increase in African trade and export volumes. Recent shifts in China’s growth model, however, have resulted in significant slowdowns for African economies. African economies will need to adapt as global commodity prices are predicted to remain weak for the foreseeable future.
Despite Africa’s weak economic performance, the number of investment arbitrations filed in 2015 remained in line with previous years and continue to be focused on the oil, gas and mining, and electric power industries.
Countries in the region have concluded at least 1,404 investment treaties (including bilateral investment treaties, free trade agreements and other treaties containing investment-related provisions), of which 864 are currently in force.
Continental Africa comprises 54 countries, ranging from its largest economies, Nigeria and South Africa, to its smallest, Comoros and São Tomé and Príncipe.
Click here to see our full review, which includes graphical representations of our research.
Click the links below to see our 2015 reviews for other regions.