Is there any hope for a manufacturer or provider of any service to be profitable in Africa?More specifically ,is there any hope for African businesses in Africa?
As unbelievable as the following answer may sound, it is nonetheless true.Africa is the best place to do business.'Let facts be submitted to a candid world.' ( in the tenor of Thomas Jefferson in the 'Declaration Of American Independence)
Africa is a 1.2 Billion Market
This simply means that Africa is four times the size of the US market and almost twice the size of the European market.
Africa Is More Homogeneous Than Other Continents
You know what ? African population is more homogeneous than that of Asia.That means you can produce for all at once without offending any ethnic group .
Falling Currency Values Means Higher Priced Imported Goods
Countries like Nigeria ,Angola , Ghana and a host of others have recently felt the crushing effects of falling global oil prices which has resulted in paucity of foreign exchange required for the importation of finished goods resulting in fall of local currency values and exorbitant imported items out of reach of the general populace.
Rising Unemployment Rates
Most African countries have unemployment rates as high as 60 percent.This provides a ready pool of both skilled and unskilled manpower.
The Power Of The Internet
Africa embraced the internet at a rate that has baffled bookmakers worldwide.Almost one third of African population has access to the internet in one form or the other.This means that people in hitherto unreachable area can now be reached through the internet.Marketplace Africa:The Promise Of Africa
As unbelievable as the following answer may sound, it is nonetheless true.Africa is the best place to do business.'Let facts be submitted to a candid world.' ( in the tenor of Thomas Jefferson in the 'Declaration Of American Independence)
Africa is a 1.2 Billion Market
This simply means that Africa is four times the size of the US market and almost twice the size of the European market.
Africa Is More Homogeneous Than Other Continents
You know what ? African population is more homogeneous than that of Asia.That means you can produce for all at once without offending any ethnic group .
Falling Currency Values Means Higher Priced Imported Goods
Countries like Nigeria ,Angola , Ghana and a host of others have recently felt the crushing effects of falling global oil prices which has resulted in paucity of foreign exchange required for the importation of finished goods resulting in fall of local currency values and exorbitant imported items out of reach of the general populace.
Rising Unemployment Rates
Most African countries have unemployment rates as high as 60 percent.This provides a ready pool of both skilled and unskilled manpower.
The Power Of The Internet
Africa embraced the internet at a rate that has baffled bookmakers worldwide.Almost one third of African population has access to the internet in one form or the other.This means that people in hitherto unreachable area can now be reached through the internet.Marketplace Africa:The Promise Of Africa

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