Report: Africa Emerges Business Confident Region

According to new findings from the Global Economic Conditions Survey (GECS), complied by ACCA (the Association of Chartered Certified Accountants) and the Institute of Management Accountants (IMA), Africa has once again become the most business-confident region in the World.

GECS is the largest quarterly economic survey of accountants in the World, gauging the views of ACCA and IMA finance professionals working at the coal face of businesses.

The results for Q2 showed that the Sub-Saharan African region had managed to cope with the inflation and volatile flows of funds that challenged policy-makers in late 2012.

The report noted that a number of other factors combined to give the region a major confidence boost in the second quarter with just 32 per cent of respondents from Africa’s business community are now reporting a loss of confidence, down from 40 per cent in early 2013, while 41 per cent reported confidence gains, up seven percentage points from the previous quarter.

SOURCE

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