Multinational corporations and governments around the world are increasingly looking to Africa as a new business destination. The African economy has grown at a rate of around 5.3% per year over the last decade and six of the world's ten fastest growing economies are located here. These countries have a fast-growing middle class that contributes to rapid urbanization that is progressing faster than their cities' infrastructure can keep up. It is a common misconception that many economies in Africa are heavily dependent on energy production. In fact, in 2014, the oil and gas sector accounted for only 11% of Nigeria's GDP, while the construction sector accounted for 20%. https://www.confiduss.com/en/info/blog/article/top-africa-jurisdictions-for-incorporation/