Africa business confidence remains world’s highest

Business confidence in Africa remains the highest in the world, according to the, annual Young Presidents Organization (YPO) Global Pulse Confidence Index for Africa.

Business confidence, which in essence refers to confidence among African business leaders about business conditions in the continent, had leapt more than six points in the fourth quarter of last year.

However, the index stayed largely unchanged during the first quarter of this year, moving down a third of a point to 67.3.

“The emergence of a new consumer class across the African continent is creating many exciting opportunities in the region, despite the unavoidable challenges that come from doing business in frontier markets,” said.

Read more: Ventures Africa