News: Doing Business in Africa

January 26, 2018

Africa is a land of opportunity for companies and entrepreneurs looking to invest in new markets. The continent offers rich natural resources and a rising middle class. A recent AfrikaNews article highlighted Deloitte Consumer Review data, which predicted the African economy would see annual growth of 7.7% between 2014 and 2019.

 

The AfrikaNews article further detailed threats and opportunities for doing business in Africa. Many countries like Gambia, Zimbabwe and Tunisia are in a positive transition and represent opportunities. In contrast, several countries like Nigeria, Chad and Somalia remain conflict zones due to the threats of insurgent groups like Boko Haram and al-Shabab. Needless to say, terrorist attacks threaten personal safety, economic growth and infrastructure.

 

There are many factors responsible for strengthening the economic and political environment in Africa. These factors include things like sustainable solutions to poverty, new policies for improving the business climate, corruption prevention and improved infrastructure, which help attract foreign investments.

 

Africa Internet Group (AIG) secured capital from major corporations like AXA and Goldman Sachs in the last couple of years. AIG operates Jumia, an online shopping destination. The growing number of smartphone users in Africa has changed consumer shopping habits and opened the market for ecommerce. Online shopping in Africa is expected to reach $75 billion by 2025. Nigeria, Kenya and South Africa are currently leading Africa in digital growth.

To read more information, please see: Doing business in Africa: threats and opportunities.

Further Resources on Global Business

 

Globalization Partners International (GPI) has extensive experience localizing marketing materials, technical documents, and large, scalable websites. We have previously posted a number of useful guides for best practices in this area. Feel free to review our blogs that are particularly relevant:

 

 

Please feel free to contact GPI at info@globalizationpartners.com with any questions about our language and technology services. Also let us know if you have any interesting blog topics you would like us to cover in our future blogs. You may request a complimentary Translation Quote for your projects.

Category:
Country Specific
Tags:
doing business in Africa, Africa, global business

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Natalie was born and raised in the state of Montana, USA where she graduated from The University of Montana with an undergraduate degree in Business Administration. Her international experience includes two summer programs, one at The European Business School in Germany and the other at The University of Brescia in Italy. She studied a variety of global business subjects including international business, trade, culture and language. Key projects for her undergrad studies included meeting with executives from large corporations such as Lufthansa, Opel, and The European Central Bank as well as working with the design team on the marketing plan for the 2015 World Fair in Milan, Italy. She has a range of global event management experience including organization of the Annual Mansfield Conference on the Middle East and the China Town Hall meeting series. Her hobbies include yoga, cooking, reading, being outdoors and traveling.