Investing In The Right Business In Africa: The Next Economic Behemoth
The past global economic goliaths were Japan and China. They ushered the way to a new global business revolution in which it created a climate for emerging economies to partake. At present, Africa has benefited from China"s growing economy. Raw materials, particularly for manufacturing, have been sourced out from different countries in Africa. This has also led the way to doing business in Africa from other sectors which may not just be isolated to manufacturing, mining, and petroleum. It cannot be denied that Africa has some nations that suffered from famine, wars, and corruption. However, African businesses thrive and even grow exponentially with the increasing investments coming from foreign countries.
Truly, Africa is the land where all natural resources are bountiful but misappropriation of invested money to this land has led to a weak development in their infrastructures. Yet, business in Africa is expected to grow as more foreign and multinational companies find the continent to be a pot of gold for their current and future global endeavors. African businessmen have also found new ways to expand their operations locally as efforts are now directed to building a friendlier business climate for foreign investors.
Africa is known for its metal, petroleum, and mineral resources. Moreover, there has been government and private initiatives that are directed towards improving agriculture and information and communication technology sectors. Africa has been also known to be one of the leaders in agricultural products export more specifically in citrus fruits, corn, and wheat. Although the petroleum and mining industries were already the best areas to invest in for over two decades ago, currently there has been a huge focus on African business in manufacturing and telecommunications.
For one, China has been known to source paper and metal products from Africa. A business in Africa may also expand their operations with the use of technological advancement and setting their operations according to internationally-accepted standards. As more foreign directed efforts flow into Africa, the governments in 53 nations of this continent have realized the potential of becoming the next economic giant should they develop infrastructures in ICT and farm roads.
Truly, Africa is the land where all natural resources are bountiful but misappropriation of invested money to this land has led to a weak development in their infrastructures. Yet, business in Africa is expected to grow as more foreign and multinational companies find the continent to be a pot of gold for their current and future global endeavors. African businessmen have also found new ways to expand their operations locally as efforts are now directed to building a friendlier business climate for foreign investors.
Africa is known for its metal, petroleum, and mineral resources. Moreover, there has been government and private initiatives that are directed towards improving agriculture and information and communication technology sectors. Africa has been also known to be one of the leaders in agricultural products export more specifically in citrus fruits, corn, and wheat. Although the petroleum and mining industries were already the best areas to invest in for over two decades ago, currently there has been a huge focus on African business in manufacturing and telecommunications.
For one, China has been known to source paper and metal products from Africa. A business in Africa may also expand their operations with the use of technological advancement and setting their operations according to internationally-accepted standards. As more foreign directed efforts flow into Africa, the governments in 53 nations of this continent have realized the potential of becoming the next economic giant should they develop infrastructures in ICT and farm roads.
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