Angola: The Topmost Market in Africa
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India has systematically stepped up its efforts to gain a definitive economic foothold in Africa, engaging in a strategic scramble with China for the continent’s vast consumer markets and resources. Historically, India lagged behind China’s aggressive courting of African nations for energy security and raw materials. While Beijing utilized its deep pockets to build roads, railways, and monumental public infrastructure to win favor—deploying hundreds of thousands of Chinese workers across the continent—India's democratic system and bureaucratic processes initially resulted in a slower, more cautious approach to funding mega-projects.
The Future of Business in Africa
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A surge in population, rapid urbanisation, the adoption and absorption of new technologies, as well as the continued unlocking of abundant resources and the deepening of the continent’s financial sector are five prominent trends that are expected to propel Africa’s on-going economic reinvigoration in the next four decades.
The burgeoning construction sector in many African countries has harbingered good times for companies manufacturing construction machineries and equipment as well as those selling used and refurbished heavy equipment and machinery. The appreciable increase used construction machinery in real estate and construction activities in African countries has resulted in a substantial surge of demand for concrete mixers, bar-bending and cutting machines, excavators and backhoes and earth rammers.
In recent years, Chinese goods have emerged as popular items of trade among African counries and Chinese companies are exporting in increasing quantities of a wide variety of products directly to the African markets. As a result, China's trade with Africa has been registering a substantial growth in recent years.
UAE-Kenya Trade on the Upswing
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Total trade between both countries stood at KES. 173 billion (EUR. 1.634 billion). This made the UAE Kenya's 4th largest trading partner and the largest trading partner and export destination in the Middle East.
Asian Business Giants of East Africa
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Asian businessmen have dominated the busines landscape in East Africa for a long time and have progressed up the corporate ladder through their enterprise and hard work. Aly-Khan Satchu, a Kenyan-Asian financial analyst believes that Asian-owned companies have been embedded in the African ecosystem for more than a century.
Ghana: The New Market
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Ghana is making rapid strides as a new market for consumer goods in West Africa. Demand for consumer goods has been rising in Ghana at an average of 20 per cent since 2002.
Angola: The Rising Star of Africa
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Angola has transformed dramatically over the past two decades, transitioning from a devastating civil war into one of Sub-Saharan Africa’s premier oil-driven economies. Following the historic 2002 peace deal, the nation embarked on a massive, internationally funded reconstruction program. Today, Angola boasts a rapidly modernizing economy, a prominent regional diplomatic profile, and a capital city, Luanda, that serves as a bustling hub for international investment.
Focusing on South Africa, initial studies state that Muslims represent approximately 2.3 per cent (or 1.3 million) of the population, yet contribute well over 10 per cent of the national GDP. Historically, only a fraction of this population utilized dedicated Islamic banking, but adoption has accelerated significantly.
Africa Attracts Arab Investors
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The massive accumulation of capital in the oil-rich countries of the Middle East has resulted in Arab investors aggressively spreading their portfolios across North and Sub-Saharan Africa. In search of the high-growth returns that are becoming increasingly difficult to secure in saturated Western markets, Gulf sovereign wealth funds and private conglomerates have identified Africa as the ultimate investment frontier.
How Africa Can Overcome Its Problems
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Centuries of slavery and colonialism deprived the African continent of her able human and economic resources. The able men and women were carried away to work in the plantations of the Americas (in all about 30 to 40 million people) and they helped to make America and Europe what they are today. Obviously, the slave trade deprived the continent of her energetic men and women—a vital resource in any development process—and sunk the continent into an intellectual wilderness.
Africa's Internet Explosion
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While it is still far behind most of the world, African connectivity has exploded over the past decade. International and pan-African telecommunication operators have invested in information and communication technology (ICT) infrastructure to improve connectivity and cut costs for both operators and end users.