Export Used Cars To Africa: Importers in Africa of used Cars Do Thriving Business

Second-hand cars have been finding their way to African markets for many years. The market for used cars in Africa is poised for further growth as Africa is by far the least motorized region on the planet with only 44 registered vehicles per 1,000 inhabitants. The global average, on the other had, stands at 180 vehicles per 1,000 inhabitants  – which reflects the tremendous growth potential in the market for used cars in the African...

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Importers of Furniture in Africa Reaping Benefits

The furniture business continues to boom in many African markets as the demand for home and office accommodation grows across Africa. Africa’s growing economy and its large and rapidly growing urban population are some of the reasons why the furniture business is experiencing good times on our continent. Africa’s Real Estate Boom Boosting Furniture Sales From Lagos in West Africa to Nairobi in East Africa, it is very...

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Saudi Arabia plans to build a bridge to Africa

Saudi Arabia plans to build a $500 billion megacity that links to Africa via a bridge over the Red Sea. The development is part of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-driven economy. At 16,400 square kilometres, the megacity would be 33 times as large as New York City and one of the largest cities in the world to run on 100% renewable energy. Its name, Neom - from the Arabic terms...

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Digital Marketing in Africa

The world has gone digital is a term we hear far too often nowadays, but it’s not exactly true. It is true that the world is transforming, but there is an increasing distinction between those who are leading the change and profiting from it, and those who are falling behind and missing the many opportunities.  So what does digital transformation really mean to business?  Digital transformation is based on a beautiful...

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India, China poised to capture the market for rice in Africa

Rice is continuously gaining importance as a staple food in Africa. While Africa has vast areas of land that are suitable for rice cultivation, they are underutilized, prompting the African markets to import nearly 40% of its rice requirements at a cost of approximately US$1.1 billion per year. India, the world’s biggest rice exporter, saw 5% broken parboiled rice rise $7 per tonne to $352 to $357 per tonne, as aggressive purchases by...

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Ghana's Automotive market

The automobile sector of Ghana has been a driver of growth of the country as it is one of the most visible sectors to receive foreign investment. Ghana is a multicultural and ethnically diverse West African nation and is the 9th largest African economy. On the Ibrahim Index of African Governance, Ghana ranks as the 7th best economy in Africa, which implies a relative safety of foreign investment in the region. Also, Ghana ranks relatively...

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Cryptocurrency: The Start of an African Economic Renaissance

Cryptocurrencies and blockchain assets are the newest and potentially most promising new asset class.
Cryptocurrencies are gradually being discovered in Africa. In countries like South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria, there is a semblance of digital currencies, primarily bitcoin, taking roots. Blockchain or DLT (Distributed Ledger Technology) can be seen as the solution for Africa’s current...

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DP World to Build and Operate New Logistics Hub in Mali

Mali Logistics Hub to fuel trade in west Africa with simplified procedures and paperless transactions Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali. The multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and...

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Security Firms in Africa Gear for Unprecedented Boom

Per capita, South Africa's private security industry is the fourth largest in the world and South Africans spend more than $4bn a year protecting themselves and their homes. However, despite the growth of the industry, and an increase in the number of active security officers between 2016 and 2017 (472,097 to 498,435) – not all categories of security are equal. The number of security providers in South Africa has increased from...

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Rice Importers in Africa Face New Challenges

According to industry reports, Africa imported 17 million tonnes in the last five years. Many African rice importers import a significant amount of rice for local consumption and regional distribution. However, the relatively small country of Benin has emerged as one of the leading rice importers in Africa.  At Nigeria’s border post of Seme, goods are often smuggled into Africa’s biggest economy from its smaller neighbor...

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