Why Africa is next best destination for business by Himanshu Sharma
Himanshu Sharma
Chief Executive Officer @ IRC Minerals & Metals Lda. Mozambique | B.E. Chemical Engineering
Why Africa is next best destination for business
The pace of urbanization and urban population growth in Africa has changed significantly across the continent. Africa’s urbanization rate will continue to grow among the fastest of the world regions in the coming years.?Indeed, 1950 Africa’s urban population was 27 million people, a minute fraction of today’s urban population of roughly 567 million people. It also predicts that Africa’s population will double between now and 2050, and two-thirds of this population increase will be absorbed by urban areas.
About 20 African countries are richer than India on a per capita?GDP basis. ... All of Africa, with a population of around 128 crores, has an aggregate GDP of $2.6 trillion. ?Africa is a big market, and this is a real opportunity to explore. The best potential is in the manufacturing and service sector and focuses Africa market and Europe.
Many countries have set Special Economic Zone and Industrial Zone that provide all the industrial amenities, 24x7 electricity, attractive incentives, and friendly Government support. After the pandemic African countries are focusing on local manufacturing and encouraging investment.
Africa is one continent, 54 countries are a huge market for food processing, leather, construction material, cosmetics products, textile, white goods products, and agriculture etc. ?There is a need of following the right strategy and plan at various stages of business development.?
Owner, asem
3 年Yes, very true, In Dem.Rep. of Congo, there is unlimited land and water available for Agriculture,, what is required is to produce, process and re-export beside local consumption.