In the last two decades or so, the continent of Africa has seen a radical rise of the middle class across countries and with that, increased consumer spending.
Diversification is crucial, especially in the current international business environment where inconsistency is increasing. The African continent offers many opportunities through its various markets, regions, and growing economy.
Entering into a new market is always a challenge for any company. One way to reduce the burden is to use local distributors.
In initial months of 2018, all fifty-four member states of the African Union (AU) signed an agreement for a Continental Free Trade Area (CFTA) in order to make Africa the world’s biggest common market.
With a host of expanding economies and ongoing development projects in Africa, investing in this continent is a tempting idea and it is more enticing if your business is doing pretty well in your local or regional market.
Providing electricity to remote villages is one of the key objectives of the Government of Cote d’Ivoire using renewable energy to create mini-grids. One of the latest projects is the 7-solar hybrid mini-grid in the Zazan region.
One thing that is always overlooked is the potential for Africa to become a laboratory of new solutions. The continent will face unprecedented challenges in the decades to come: growing number of cities over one million inhabitants; very young populations and pressure on natural resources.
With Rise of the world temperature expecting to generate more and longer periods of drought, South Africa is rethinking its water resource management policy to:
Shortage of available skills is one of the most common obstacle to overcome for many companies doing business in Nigeria. The more technical your company is, the more crucial it will be to find the right talent.
For entrepreneurs, conferences are the ultimate platform for networking. You can meet so many people who might share the same interest as you. And who knows, you might even get amazing business ideas for your venture in Africa.