And yes, famine
in Africa is still an enormous issue, but what is just as worth noting is that
this picture was also taken in Africa:
This is
Johanessburg, a capital of RSA. The picture depicts a business district there.
Very similar to the ones in USA isn’t it?
Click the
link below, to listen to Marek Zmysłwoski’s lecture about business opportunities
in Africa:
The growth
of population is very high in Africa so they need products and infrastructure. The concurrency is
very low there, which is why this market is so open to new entrepreneurs,
especially those in tech industry.
Below find
a link to a ranking of fastest growing companies, all based in Africa: http://africanbusinessmagazine.com/press/12-fast-growing-african-companies-selected-deal-room-africa-2017-egypt/
In the
subject of technology, it is worth noting African people love technology. Data
shows that 81% of Nigerian citizens utilize internet on their smartphones. That
is quite amazing and it is far better than Poland with our 57%. Also did you
know that Ghana shot out their first satellite? It’s actually the first in
whole Africa! It was built in Ghanian Univeristy of All Nations. That doesn’t
suit to Africa isn’t it? See more: https://techcrunch.com/2017/08/06/africa-enters-the-space-race/
This
interest in technology can be also because of a growing middle class. In 8
years the share of middle class is predicted to be twice as much as it is now.
Also many people migrate from villages to the cities. That’s because there,
they have access to water, they have power supply, everything is much closer
than outside town.
There are still
issues in Africa with power supply, so they use aggregates to produce
electricity. It is quite expensive because the cost of such power supply is
between 2000-3000$ per month. Also there are issues with water. Recently it was
reported that RSA government had limited amount of water per citizen and also that in few
years there can be no water available to drink there. Nonetheless, the actual
growth and need for supplies in Africa makes for various possibilities to
business development on that continent.
Now Africa
scores 6% industry growth which is a little behind China with a growth of 8%.
So guys, pack your bags and start a business in Africa!
Questions:
- Did you know about such wide possibilities for business development in Africa?
- Have you heard about any of African fastest growing companies?
- Would you start your own company in Africa?
Sources:
Did you know about such wide possibilities for business development in Africa?
ReplyDelete– No, I didn't know about it, but I also haven't considered Africa as country with no possibilities. After all, RSA was host of World Cup, while for example Poland was not :)
Have you heard about any of African fastest growing companies?
– Unfortunately not. It sounds reasonable that Africa is growing fast in technology field. Nowadays, so much knowledge is available for free that everybody can learn. Moreover it is cheaper to outsource project to Africa than hire developers team onsite, while keeping the quality of work at reasonable level. It sounds similar to techonology workforce in India which is also very popular around the globe.
Would you start your own company in Africa?
– Maybe, but I would consider it as risky investment. TED talk mentioned corruption and other issues in Africa. They are manageable, but they are for sure factors why this is still high risk investment.
Haha, so the future is in our hands! Great, thanks for the reply :) I agree with you, workforce is much cheaper in Africa and India but I would be a little sceptical about the quality. They work hard, but I saw some projects made there and really they seem to be a little out of touch.
Delete1.Honestly, I've never been interested in this topic.
ReplyDelete2.Unfortunately, this topic is completely strange to me.
3.To be honest. I wouldn't start up my own company even in Poland ;)
Did this article let you learn something about the topic? Why wouldn't you start your company in Poland? Do you feel that you have lack of some management skills? Please elaborate.
DeleteDid you know about such wide possibilities for business development in Africa?
ReplyDeleteI have never heard about the rapid development of African countries. I agree with the stereotypical image. I was thinking similarly.
Have you heard about any of African fastest growing companies?
No, I have not heard about these companies before.
Would you start your own company in Africa?
Theoretically it is very interesting. In order to answer this question accurately, I should learn more details about running businesses in this part of the world. One must remember about cultural disproportions.
This comment has been removed by the author.
DeleteGreat to hear that the article was interesting ;) Yes, there seem to be some disproportions, but I hope that your company would overcome them easily.
DeleteDid you know about such wide possibilities for business development in Africa?
ReplyDeleteI didn’t know that. I only saw pictures like the first one showing usually small children that are starving, dehydrated and unhappy. Maybe it is time to show how it really looks like and it is so much better future with not only one class.
Have you heard about any of African fastest growing companies?
I wish but I didn’t. Not many websites or people talk about this. As you mentioned the growth is happening. I found it interesting that much more people use internet on their mobile devices than in Poland. It is hard to believe that they have higher developing score than China.
Would you start your own company in Africa?
I think I could one day. It is still a very risky move considering many things. The biggest could be the weather when it’s just too warm to do anything. I think if they keep developing as they are now then it is actually a really clever idea.
Great to hear that you liked the article! The same was with me, I thought that Africa is lost, but when I heard the news about rapid development, I changed my mind. It's really starting to mean much more on the market.
DeleteDid you know about such wide possibilities for business development in Africa?
ReplyDeleteI have to admit I wasn't aware that Africa is so fast developing area. 81% Nigerians using Internet in their smartphones? Surprising! Ghana working on satellites? Amazing! Thank you for an informative article.
Have you heard about any of African fastest growing companies?
I haven't heard about any of the companies listed in the article you recommended, which makes the list so much more useful. :)
Would you start your own company in Africa?
I don't think I would like to start my own company there. I wouldn't feel my business is safe. I would be afraid of corruption which is nothing new in developing countries.
Glad to hear that you found that article interesting!
DeleteDid you know about such wide possibilities for business development in Africa?
ReplyDeleteNo. I was under the impression that most African citizens lives in poverty and never bothered to verify is it true.
Have you heard about any of African fastest growing companies?
I haven't. None of them reached mainstream media in Poland so far.
Would you start your own company in Africa?
Unlikely. Africa is an unknown region for me and any investments would be considered as high risk.
Same was with me, I thought that nothing changed there. I hope that maybe you'll find this region interesting and maybe in future If you'll have an idea for a company you will choose Africa :D
DeleteNo I didn’t but I’m not surprised. Everybody thinks Africa is poor and it’s true. That’s why Africa offered such wide possibilities for business development. For me it’s natural that even in poor region there are some parts which are different than the rest of region. Africa is a very big continent so the possibility to be there city which is highly effective in many ways is big. As you said, the best example is Johanessburg. We can’t look far to find similar opportunities. I mean Ukraine. The situation is similar. I haven’t heard about any of African fastest growing companies. It’s pretty normal that city which is full of innovation, has a fast growing companies. It’s the biggest reason why this city is so full of prospects. I wouldn’t like to start my own company in Africa. It’s not the part of the world which interested me the most.
ReplyDeleteAfrica is quite interesting place (in someway). They've got resources, they've got manpower.. but still they dont seem to develop as much as they could. Chinese companies invest a lot of money in Africa. And Chinese people have got one huge adventage over white people there - they weren't colonizing them.. so local people aren't so sceptical about them.
ReplyDeleteYou've put picture of Johannesburg in your article. And I'm quite worried about SAR, events that take place there. I've heard that white farmers seek an asylum in other countries because they've become a target of racist homicidies.. and I think that if this will continue your in few years place we can see on your picture may look very different.
Did you know about such wide possibilities for business development in Africa?
ReplyDelete-No, never ! Honestly all the time I think about Africa in the same way that you mansion in first photo. For me this is something really new and I'm really happy with info that africa change so much.
Have you heard about any of African fastest growing companies?
- As I answer in first question I never hear abut such business growth in Africa so that's why I didn't hear about any African companies.
Would you start your own company in Africa?
- Oh that's difficult question, my problem is that I really don't like flying. There's no need to explain why this is main problem with starting own company in Africa ;)
Yes, I know that this continent is very fast growing in business and agriculture segment. Many polish companies exports tractors and other, additional devices for agriculture (in example: Ursus) and polish fintech companies create infrastructure and develop digital solutions for Internet banking for Africa countries.
ReplyDeleteI believe that there is a big difference between rich and poor countries in Africa. The average economic growth of the whole continent is very high. Countries such as Nigeria, South Africa, Ghana, Angola and Mozambique are developing very well. Malawi, the Gambia and Niger, however, have serious problems. Despite rich deposits, many countries do not develop at all. Congo's GDP returned to the level of the '50s of the last century. I think that there are still a lot of people in Africa who need help.
ReplyDeleteThe Polish company Ursus sells its tractors to Africa, which is currently undergoing an agricultural revolution. You can find significant development opportunities on this continent. Our family company has even opened a factory there. I have not heard about a thriving African company, however. The example of Ursus shows that you can open a company on the Old Continent.
I believe that I could set up a business in Africa.
Did you know about such wide possibilities for business development in Africa?
ReplyDeleteNot really, I have never seen any products "made in Africa" and did not see any articles about moving companies or production to Africa.
Have you heard about any of African fastest growing companies?
no, I never heard about any of it. Economically it could be a good idea because of the low costs. But I'm pretty sure that beyond the most civilised African cities its impossible.
Would you start your own company in Africa?
Theoretically, it could be a good idea to move production to area where manpower and the ground is cheap. But there must be reasons why this is not a thing. I heard that one of the reasons is that past RPA administration structure is nonexistent. You have to ask local "king" or "boss" of the tribe for permissions to do anything.
Nature hates emptiness, so if there in Africa we can find a gap to fill with our business, why not? But I haven’t heard about these possibilities on this continent maybe because I’m not even entrepreneur in Poland, so I also not interested in foreign markets. Continuing, my lack of interest in this topic occurs sub-zero knowledge about any African company. Is that makes me ignorant? Possibly yes, but when I’m going to start thinking about launching my own company I’m sure that option of Africa now will be under consideration :-)
ReplyDelete1. No :( I'm developer from Poland. And I have not had contact with this continent. But if I had a company then I would consider employees from Africa. It isn't problem for me. the choice is made by a concrete person and not a country of origin.
ReplyDelete2. As many person above I also never heard about any company form Africa. Maybe because when I see any company I do not think where it's founded.
3. No ;) I will start my business probably in the place that I live, because I know people, they normal life, stereotypes etc.
1. Africa is growing like a yeast, it necessarily requires better transport and food products, cosmetics and technology. The average consumer in Africa needs everything: from products to services. The African is increasingly going on vacation, spending more on education, shopping online. He also needs technology.
ReplyDelete2. I know about some polish investments in Africa. The Vistal Group signed a contract for the supply of port cranes to Algeria, and the Wielton Group, a manufacturer of trailers and trailers, founded a company in Côte d'Ivoire, whose goal is to expand into the African market. In South Africa, Kopex, Inglot and Mokate operate. In turn, Polpharma took Africa as a sight. Despite these investments, Poland's trade exchange with Africa is still a trace.
3. Unfortunately I could not run my company in Africa, because of the high temperatures that there are.
1. Yes, i've heard about wide possibilities for businesses in Africa and they are developing in astonishing pace!
ReplyDelete2. Unfortunately not, i have not looked into this subject enough to know.
3. I'd consider it. It is entirely different market than Poland but i think there are really great opportunities for a new business
I have not heard much about the possibility of developing brands and companies in Africa, maybe because I was not interested. As I said I do not know much about American business markets, so it's hard to say something about it.
ReplyDeleteI probably would not like to open my company in Africa. I do not know the market or its assumptions enough to be able to determine the willingness to take such a decision. In addition, I am a very family person so I do not know if I would like to start a business even in a different city.
Did I know about such wide possibilities for business development in Africa? Have I heard about any of African fastest growing companies? Would I start my own company in Africa?
ReplyDeleteThe answer for all these three questions is no. I see you tried to show Africa as some victim of stereotypes and as a normal continent with normal countries but unfortunately it is not. See arguments spoken by some real african, not by a young polish guy, who wanted to spread positive energy looking through a pink googles: https://www.youtube.com/watch?v=OjgJ2KpyJ5w.
You wrote about possibilities but forgot to write about obstacles and these are stronger than the first ones. What's more the information you used is a manipulation, of which you are probably also a victim. Why? Because the growth index is a relative and not absolute indicator of wellness and prosperity. Some country can have the biggest growth ratio in the world, but it can grow from a zero to some poor level of civilization, and another country can have the smallest growth ratio but growned from a big big level to only a little bigger, but still much more bigger than the first country. You showed a picture of Johanessburg which a capital of country set by Europeans who migrated there in a big number in a past. It is also a manipulation and proves nothing. Of course there are another cities in Africa, but there are few and not so developed as a pictures from far view show us - there are still much poverty. Don't forget also that those all cities haven't been builded thanks to the countries' economic strong posibilities but by foreign investments from Europe and USA. And still majority of african population is poor. African countries are dealing with many problems as large and hard areas for transport, high temperatures and jungles or deserts, many tropical diseases, poverty, criminal activity, huge corruption and so on. There are factors you apparently forgot to mention, factors which are stopping almost all investors from foreign areas.
Also using the biggest number of smarthpones proves nothing, because they are poorer than Europeans who can afford both smartphones and more handful laptops or PCs. Also chinese market do an important stuff because without its investments there would be no such indicators you mentioned.
So I wouldn't like to make a business in Africa nowadays. But in a future, who knows. I am also a little terrified by a number of people there and what they can achieve if they would overcome their problems and obstacles. They could rise a new global power, who could destroy our culture and civilization. I am afraid they have to little own culture, history and values to build a wise civilization who can lead others to common wellness and prosperity. I am afraid they are exposed to be in a future a victim of money, of rat race, of not controlled 'development' of technology, services and production with forgetting morals, values, culture, art, such development (what we are already forgotting through influence of already similiar power - material, not spiritual - of USA and what far east already forgot too [even harder than us europeans] due to the same reason).