Africa’s economic position is set to advance in the coming years as African economies are growing at a rate higher than the global average. South Africa is the 34th largest export economy in the world and the 47th most complex economy. South Africa is the second largest economy in Africa, and enjoys relative macroeconomic stability and a largely pro-business environment, making it an attractive option for Virginia companies seeking to enter the Sub-Saharan Africa marketplace. Tanzania’s economic performance showcases a high rate of growth and a low rate of inflation over the past five years.
Positive economic environments and the growing ICT sector makes South Africa and Tanzania an attractive place for Virginia exporters to do business.
This report examines the ICT sector in South Africa and Tanzania, as well as market opportunities and key players.