Africa's IP system: doing business with the sleeping giant

According to Eurostat, the EU’s statistical office, exports from the 28 countries of EU (EU-28) to Africa reached a peak of €154 billion ($182 billion) in 2015, turning into a trade balance surplus, following a decline in the value of imported energy products. Deemed a sleeping giant of the world economy with constant GDP growth, Africa accounted for a 3% share of the world GDP in 2015, compared to 2.1% in 2005, and European companies are starting to become increasingly aware of the potential of investing in Africa.