We need money to stay online, if you like the forum, donate! x

rooshvforum.network is a fully functional forum: you can search, register, post new threads etc...
Old accounts are inaccessible: register a new one. x


Africa Boom
#1

Africa Boom

Africa is often being mentioned as the last boom area. Where all the big companies (Google, Amazon, Facebook, RIM) are dominating.

I am thinking about releasing a small business product in that company that can be bought online and recently came across a guide that a person was selling which contained some decent information. It made a pretty good case for Africa as a continent where you can make some £££.

Does anyone have any more information on this? I'm keen to discuss.
Reply
#2

Africa Boom

Yeah man- Africa is booming, led by big telecommunications companies. They're skipping 2 generations of industrial development and headed straight into the mobile era. More phones are sold there than in North America. In a couple of years they will make the transition to smartphone-based computing and the whole place will be transformed.
Check it out:
http://www.bbc.co.uk/news/world-africa-15659983

Then, on the next level, check out what 'bellwether' companies like GE and IBM are doing in Africa to get a picture of how development will unfold.

http://www.ibm.com/ibm/gio/media/pdf/gio...e_page.pdf
Reply
#3

Africa Boom

You guys need to do your research before jumping to the dark continent. I wouldn't walk into most of the countries for less than $750 per day. Still got my fingers crossed for Liberia. Viva la revolucion!
Reply
#4

Africa Boom

Quote: (07-09-2012 12:29 PM)PompeyChris Wrote:  

Africa is often being mentioned as the last boom area. Where all the big companies (Google, Amazon, Facebook, RIM) are dominating.

I am thinking about releasing a small business product in that company that can be bought online and recently came across a guide that a person was selling which contained some decent information. It made a pretty good case for Africa as a continent where you can make some £££.

Does anyone have any more information on this? I'm keen to discuss.

Man, people are making money hand over fist all over the continent.

1) I got a good Naija friend who's an attorney here in the States. He's doing fine at his firm. New house, respectable mid tier used luxury car, family taken care of. But his class mates that he came up with are balling out of control. Like private security team and gated and guarded community balling.

2) I've got a good friend in Ethiopia, and she spends most of her time flying between China and East Africa trading goods. She says there is huge money in raising chickens.

3) Folks in Juba that are making money selling ICE aka frozen water aka solid H2O, to hotels and NGO's because Africa is so deficient in basic infrastructure.

Most people in the States don't even want to deal with shipping goods to Alaska, much less flying into Angola.

Brits and Aussies don't seem to have that problem. Canadians seem to be less xenophobic.

Read some of the expat forums for Westerners in Africa, but also read the forums for Africans in the West. That'll give you a good idea on how to pitch an e-book to gold miners.

WIA
Reply
#5

Africa Boom

Quote: (07-09-2012 03:09 PM)WestIndianArchie Wrote:  

Quote: (07-09-2012 12:29 PM)PompeyChris Wrote:  

Africa is often being mentioned as the last boom area. Where all the big companies (Google, Amazon, Facebook, RIM) are dominating.

I am thinking about releasing a small business product in that company that can be bought online and recently came across a guide that a person was selling which contained some decent information. It made a pretty good case for Africa as a continent where you can make some £££.

Does anyone have any more information on this? I'm keen to discuss.

Man, people are making money hand over fist all over the continent.

1) I got a good Naija friend who's an attorney here in the States. He's doing fine at his firm. New house, respectable mid tier used luxury car, family taken care of. But his class mates that he came up with are balling out of control. Like private security team and gated and guarded community balling.

2) I've got a good friend in Ethiopia, and she spends most of her time flying between China and East Africa trading goods. She says there is huge money in raising chickens.

3) Folks in Juba that are making money selling ICE aka frozen water aka solid H2O, to hotels and NGO's because Africa is so deficient in basic infrastructure.

Most people in the States don't even want to deal with shipping goods to Alaska, much less flying into Angola.

Brits and Aussies don't seem to have that problem. Canadians seem to be less xenophobic.

Read some of the expat forums for Westerners in Africa, but also read the forums for Africans in the West. That'll give you a good idea on how to pitch an e-book to gold miners.

WIA

Africa has to be better than North Dakota....I hate this place....
Reply
#6

Africa Boom

What are some good ventures/ideas one can make money from this boom? I have money saved up and am looking to do something big.
Reply
#7

Africa Boom

Quote: (07-09-2012 01:22 PM)Aliblahba Wrote:  

You guys need to do your research before jumping to the dark continent. I wouldn't walk into most of the countries for less than $750 per day. Still got my fingers crossed for Liberia. Viva la revolucion!

Yeah my Dad has a friend who has been visiting countries all over Africa for his job, he mentioned he's been having to buy his way most of the time.

Although I have also read that many Africans are hard working individuals that are actually cool. I suppose it's the minority that is giving them the bad reputation, not to mention western media. Then again there are so many people in Africa that the minority is actually pretty big..

Quote: (07-09-2012 05:49 PM)1bliss Wrote:  

What are some good ventures/ideas one can make money from this boom? I have money saved up and am looking to do something big.

Information products seem to be the biggest risk free opportunity, as they can be sold from the safety of your home. Africa is rapidly developing so they buy the things we do really. As 46 says, the mobile industry is huge there. It's one of the big reasons Blackberry (RIM) is holding up still, from what I've heard.
Reply
#8

Africa Boom

Quote: (07-09-2012 01:18 PM)46. Wrote:  

Yeah man- Africa is booming, led by big telecommunications companies. They're skipping 2 generations of industrial development and headed straight into the mobile era. More phones are sold there than in North America. In a couple of years they will make the transition to smartphone-based computing and the whole place will be transformed.
Check it out:
http://www.bbc.co.uk/news/world-africa-15659983

Then, on the next level, check out what 'bellwether' companies like GE and IBM are doing in Africa to get a picture of how development will unfold.

http://www.ibm.com/ibm/gio/media/pdf/gio...e_page.pdf

Nah its wishful thinking bud. There is no real African consumer market and there is nothing coming outside the luxury market for the wealthy minority. Its growing, but its not going to be high tech. Its high volume, low margin basics like food or pharmaceuticals.

The reason why Nokia and Samsung sell as many handsets as they still do is because they produce very, very cheap phones that are good for calls and messaging only for those markets. They are given away as part of pay as you use phones. There is no credit in half these places and some people would not even have bank accounts. Even electricity is pay as you go in many places, and those people are not about to be surfing google and downloading angry birds anytime soon.

The reason why mobile phones took off is because the copper cables keep getting stolen, and fibre optics destroyed because they think its copper. They had to go wireless because it cant be stolen, it was the only way to get infrastructure into the place. Thats why everyone uses mobiles.

Also the vast majority of those sales that IBM talks about in Africa are actually just western companies that operate in those regions, or its part of some aid/development program which is a tax right off that no one makes any profit off. All the procurement is done outside of Africa, not in Africa. Very little procurement is done in Africa itself, its too corrupt. And a lot of the imports out of Asia are being handled by the Chinese and Indians who live there now anyway.

You are not doing business in Africa unless you are paying someone off in government either, which is why procurement is outside Africa too.

Also, the lack of US involvement in Africa has sweet fuck all to do with xenaphobia. Africa was colonised no different to Canada, Aus, NZ, South Africa etc. What this means is that we all tend to work quite closely and have done for centuries in some cases as a result of the Commonwealth and the countries that bordered it. Its historical trade, nothing more.

There is a ton of opportunity there, but unless you have worked there and have some sort of experience there, you are playing with fire. You need contacts on the ground or you need to know the place.
Reply
#9

Africa Boom

I've been dealing w/ some invesments in Angola. The best phrase for angolans is that they create dificulties, to sell solutions. Another one also said by an angolan is you have to give the pig for geting a sausage. The ter bribery in Angola is gasosa. Any foreign investment has to pass by ANIP, minimum is one milion dollars
Reply
#10

Africa Boom

I've been dealing w/ some invesments in Angola. The best phrase for angolans is that they create dificulties, to sell solutions. Another one also said by an angolan is you have to give the pig for geting a sausage. The ter bribery in Angola is gasosa. Any foreign investment has to pass by ANIP, minimum is one milion dollars. Not so if you have an angolan partner I'm assisting a company investing in Angola. Any specific question feel
Reply
#11

Africa Boom

I've been dealing w/ some invesments in Angola. The best phrase for angolans is that they create dificulties, to sell solutions. Another one also said by an angolan is you have to give the pig for geting a sausage. The slang for bribery in Angola is gasosa. Any foreign investment has to pass by ANIP, minimum is one milion dollars. Not so if you have an angolan partner. I'm assisting two companies investing in Angola. Without local connections it's useless even thinking to invest there.I would also sugest waiting for the result of general elections in August. Investments are shifting to mozambique. Any specific question about Angola feel to ask or pm.
Reply
#12

Africa Boom

@Pepini, three times a charm, eh?

OUR NEW BLOG!

http://repstylez.com

My NEW TRAVEL E-BOOK - DOMINICAN REPUBLIC - A RED CARPET AFFAIR

http://www.amazon.com/dp/B00K53LVR8

Love 'em or leave 'em but we can't live without lizardsssss..

An Ode To Lizards
Reply
#13

Africa Boom

I miss the old forum...
Reply
#14

Africa Boom

I started doing business in Africa, consumer goods, mostly to southern African nations. Margins are decent
Reply
#15

Africa Boom

What kind of biz Deb?
Reply
#16

Africa Boom

I fully echo what HH said, In Africa, unless you have tight contacts and deep pockets and massive experience of the place, it's too wild and unstable to go and invest there.
Reply
#17

Africa Boom

Quote: (07-10-2012 02:58 AM)Hooligan Harry Wrote:  

Quote: (07-09-2012 01:18 PM)46. Wrote:  

http://www.ibm.com/ibm/gio/media/pdf/gio...e_page.pdf

Nah its wishful thinking bud.
There is a ton of opportunity there, but unless you have worked there and have some sort of experience there, you are playing with fire. You need contacts on the ground or you need to know the place.

No its not wishful thinking. Its already happening. You realize that many of the markets in Africa have been outperforming the US and Europe, right?
"The IMF projects that seven African economies will grow faster than 8% this year, and six of the top ten fastest-growers economies in the world will come from the continent."

That's not wishful thinking, that's reality. Very few people realize it, which is why I brought it to attention.
"World output, forecasted by the International Monetary Fund in its recently published “World Economic Outlook”, is projected to fall from 3.9% to 3.5% for 2012, but Sub-Saharan Africa is expected to grow from 5.1% to 5.4%, exceeded only by China, India, and other emerging Asian economies.
http://investinginafrica.net/2012/06/imf...an-growth/

I mentioned cell phones and technology to exemplify the infrastructure growth being driven in Africa, again under the radar. These indicators set the stage for more. IBM and other companies are moving into Africa because conditions turned favorable; even with high corruption (that's why you have local partners). Read the IBM report. And, again, they're working with African companies.
http://www.itnewsafrica.com/2011/07/ibm-...structure/
There's a reason certain companies stay ahead of the curve and open up new markets before others. They own globalization. If you recall, IBM was way ahead of the China curve, selling their PC division to Lenovo, and moving an important divsion HQ to China. Now they're doing it again.

And why would anyone start a business anywhere- China, India, Turkmenistan, Russia?? without due diligence or local partnership? Sure its got high levels of corruption. Like there's none in China. Sure it not a "Consumer" market, but who cares? The returns are there for people willing to read tea leaves and dig deeper than conventional wisdom. Ground floors don't come around often.
Reply
#18

Africa Boom

Africa is definitely not a place to learn how to do business. I've spent time in SA and Zimbabwe visiting family and even there you need to know what's up.
Even importing stuff into South Africa, one of the "safer" places in Africa, you will lose product frequently.
I disagree with 46 - Africa is no "ground floor" unless you have strong, high-level local contacts who can cut through red tape, extensive experience in not getting taken for a ride and an ability to walk away completely when it all goes pear-shaped.
If you look at the executive structure of Western companies doing well in Africa you will see a lot of old "Africa hands". South Africans, Namibians, White Kenyans, Zimbabweans etc. who have been doing business in that neck of the woods for decades.
Here's a business idea for West Africa : aviation ground services.
It's a major drug transfer point from Latin America to the UK now...
Reply
#19

Africa Boom

Quote: (07-10-2012 07:19 PM)Deb Auchery Wrote:  

I started doing business in Africa, consumer goods, mostly to southern African nations. Margins are decent

This is something I've recently started looking into, seems that theres a high demand for goods that we can regularly purchase.

Can you shed some more details?



Quote: (07-10-2012 08:41 PM)Vacancier Permanent Wrote:  

I fully echo what HH said, In Africa, unless you have tight contacts and deep pockets and massive experience of the place, it's too wild and unstable to go and invest there.

Yeah, however a lot of Africans are gaining access to the internet where there is limited scope to lose money through fraud/bribes etc.
Reply
#20

Africa Boom

I took a class on Africa at university which could have been called "Why Africa is so fucked up"

The continent has relatively low population, bad infrastructure, lots of disease, many differing languages and cultures leading to communication issues, and on and on.

Its unfortunate, but its going to be the last place on this planet to become developed. I guess if you're 20 years old and are willing to wait 20-30 years for your investment to mature, its a good place.

Sure, there are some people making money fast... but on average, its the long term bets that are worth placing.
Reply
#21

Africa Boom

Quote: (07-11-2012 12:28 AM)46. Wrote:  

Quote: (07-10-2012 02:58 AM)Hooligan Harry Wrote:  

Quote: (07-09-2012 01:18 PM)46. Wrote:  

http://www.ibm.com/ibm/gio/media/pdf/gio...e_page.pdf

Nah its wishful thinking bud.
There is a ton of opportunity there, but unless you have worked there and have some sort of experience there, you are playing with fire. You need contacts on the ground or you need to know the place.

No its not wishful thinking. Its already happening. You realize that many of the markets in Africa have been outperforming the US and Europe, right?

"The IMF projects that seven African economies will grow faster than 8% this year, and six of the top ten fastest-growers economies in the world will come from the continent."

That's not wishful thinking, that's reality. Very few people realize it, which is why I brought it to attention.

Yes, it is wishful thinking. Like wish 3 times on my heart of hearts that this is real life, wishful thinking. Im not trying to be nasty, just provide a realistic perspective, so I say that tongue in cheek

You need to put what you are reading into context dude, and I am not quite sure how much time you have spent there to have come to the conclusions you did. 8% growth sounds like a lot when we spectate from our developed economies, but its nothing when the base is so low to start with. Steve Jobs was worth more than Rwandas entire annual GDP for example, which means minimal investment creates spikes, but it does not really touch sides given the sheer extent of poverty and under development.

They need to see high double digit growth rates as a minimum for decades, and even if that growth seems high, its not even taking into account the problems with stability that make it unsustainable over the long term. Then there are issues with the stats themselves, which are often cooked to attract foreign aid and investment and cover wide spread corruption.

So 8% is really nothing in the greater scheme of things, although it makes for pretty reading if you compare it to developed economies and take it completely out of context

There is no African economic revolution coming or happening. What you are seeing is historical boom/bust during periods of peace. Its business as usual, although its getting a bit better in some places and they seem to be hanging on a bit more. You will not see an African Singapore, Malaysia or even Brazil in our lifetime though, and South Africa is declining rapidly now as investment and liquidity flees.

Quote:Quote:

"World output, forecasted by the International Monetary Fund in its recently published “World Economic Outlook”, is projected to fall from 3.9% to 3.5% for 2012, but Sub-Saharan Africa is expected to grow from 5.1% to 5.4%, exceeded only by China, India, and other emerging Asian economies.
http://investinginafrica.net/2012/06/imf...an-growth/

See above.

Does not mean anything if its not sustainable, and the other thing you dont seem to understand is that the growth is coming from large resources and infrastructure projects predominantly, along with foreign imports for staples. These are not small business warriors, you are talking banks and big resource/construction companies that produce locally, BUT PROCURE ABROAD.

For you, as a small business warrior, its a shut shop unless you are actually on the ground there, have a lot of contacts and understand the local business culture. Which is why if you want to do business in Africa, you typically start outside Africa and work your way in through those companies, or you go there and hope you dont get killed.

Any westerner who thinks this is going to happen just by pitching up is deluding himself though. Jesus, half the places dont even have functioning government and you go to some sites under armed escort. These are not the slums of Brazil, its hardcore poverty, crime and violence that flares up over the smallest thing.

We finance projects on shorter life cycles because insurance over 7 years becomes impossible to secure for many projects in Africa. No one knows what the fuck is going to happen tomorrow half the time, so we cant even build basic risk models.

You also need to understand that the IMF and global central banks pour money into Africa knowing its a sinkhole. This inflates their GDP further, although its mostly about tax write offs, currency and buying favour to keep the resources companies and construction projects going.

Africa is a gamble because its so unpredictable.

Quote:Quote:

I mentioned cell phones and technology to exemplify the infrastructure growth being driven in Africa, again under the radar. These indicators set the stage for more. IBM and other companies are moving into Africa because conditions turned favorable; even with high corruption (that's why you have local partners). Read the IBM report. And, again, they're working with African companies.
http://www.itnewsafrica.com/2011/07/ibm-...structure/

Nigeria is one of the most developed economies on the continent and is an oil producer. IBM have been in Africa for years, this is not a new thing. Who do you think supplies all the comms equipment and infrastructure those companies need to run their ops since the 70's?

They say they are working with African companies, but you dont take the politics into account either. There are government mandates in most of these places that force all company ownership and management to be a certain percentage locally owned. They dont deal with them because they see opportunity with African companies, they deal with them because its part of the bureaucratic process in many of these places. Its almost like tithes that they pay. Not in all cases, but in most.

Big business will spin their investment into these regions because its good publicity and important for shareholders, but most of the time big business is winning contracts in these places by bribing people, towing the political line by siphoning money off to "african business partners" to be kept in the deal, or they are going through procurement that is managed outside that country like everyone else.

Quote:Quote:

There's a reason certain companies stay ahead of the curve and open up new markets before others. They own globalization. If you recall, IBM was way ahead of the China curve, selling their PC division to Lenovo, and moving an important divsion HQ to China. Now they're doing it again.

What new markets? You make out as if IBM in Africa or Nigeria is a new thing. Look well done for lapping up a bit of IBM publicity, but you seem to think that Africa is China for some reason. I really wish that was the case, but it wont be another China until the Chinese have completed their current colonisation of the place.

Not in our lifetime Im afraid to say.

Quote:Quote:

And why would anyone start a business anywhere- China, India, Turkmenistan, Russia?? without due diligence or local partnership? Sure its got high levels of corruption. Like there's none in China. Sure it not a "Consumer" market, but who cares? The returns are there for people willing to read tea leaves and dig deeper than conventional wisdom. Ground floors don't come around often.

Jesus, what sort of business are you talking about? You think you are going to hop on the plane, find local partners in a small business, draw up a contract, open a bank account together after completing your shareholders agreement, and then ride the unicorn to the end of the rainbow of African riches?

Try it an let us know how you go please. The only reason why there is any business in these places is because there are resources there. That takes big business there, and everyone supplies to them. There is little to no real trade IN Africa, and there are very few systems in place to administer it. Its done by handshakes, bribes, threats and force.

There are two ways you make money in Africa

1) Big business who invests in massive projects at massive margins to offset risk. Multi million and billion dollar projects. So large they build their own labour camps, airports and bring in private armed security to protect it. You sell to them and you supply to them. They are your gateway in.

2) You live there, learn to understand the culture and you manage everything hands on. Or you get people you can trust with your kids lives to do it. You then focus on essentials and imports, because the big companies will procure outside of Africa anyway, so its local consumers only for the most part.

Im not being nasty, just trying to keep everyone realistic here. Unless you are representing shareholders (doubtful) and unless you understand it means living there and managing everything yourself (doubtful) then all the noise about African potential for small business people is a waste of your energy and everyone elses.

Unless you are prepared to live there, there is not much on the go for people. The only places where you could do something are South Africa, Namibia and Botswana. The rest of the place is fucked beyond belief.

And certainly no high level consumer technology lol.
Reply
#22

Africa Boom

One of the problems companies investing or expat workers in Angola have is how to get paid. There is no judicial system for getting a debt recovery. In order to be somehow certain that you will get paid you need to have a godfather. Normally someone related to the military, preferably a general. So when investing in Angola you must have a godfather who will get 55% of the company. Vodafone didn´t agreed to this. They couldn´t get in.

Generals don´t care about pennies. They have a full stomach, besides oil and diamonds you don´t get they´re attention, even to gold.
I had a client who had a distribuitor in Angola, so he would send gold manufactured to Angola. After a while the distribuitor copied the models and told him to fuck off. We had a meeting with a high official in my office, who was visiting europe, he didn´t gave a shit about the problem.
One thing I remenber about this guy was that he came by taxi to my office, I told him I would drive him back, and he refused. Probably was afraid of kidnaping or some shit. The same thing happened with a portuguese lawyer who´s in Brazil. One time I offered to give him a lift for about 1 km and he also refused. You get the emergent countries habits.

Another thing about angolans is that they are normally full of shit. The best consultants are people related to diamond business. There´s a saying that in the diamond business if you´re not loyal and reliable you don´t last much. I have two angolan consultants who live partially in Lisbon and a lawyer in Luanda (who studied with me in college). Both consultants were from the diamond business, both left, and now one is in real estate and the other construction.

I remenber one time having a lunch with an angolan client who had some lands in Viana. He wanted to legalize them. I´ve called to the consultant related to real estate (former diamond trader), and asked him how could we legalize the land. He simply answered, you need to give half to the general..... and it´s done.

My biggest fees till now came from portuguese companies investing in Angola. You can´t google how to invest there. I thought on going there to take care of the investment personally, but my lawyer friend told me it would be more expensive than paying local consultants. a kilo of grape in Luanda costs 50dollars. The taxi from the aiport to the city center costs 250 dollars and takes around 5 hours. Even with a cost free house in one week I would spend more than 5000euros. And the worst would be racism towards white people. In the ANIP office or BNA, because I´m white my friend told me they would give more hard time and probably complicate more the investment, than paying a black consultant. The actual president Eduardo dos Santos is not racist. The problem comes who will come after him. his sucessor who was the former president of Sonangol was rejected by the elite.

There have been a lot of protests by former exmilitars in Luanda.

Angola is not a virgin territory anymore. One simple fact you cannot export cars who are more than 3 years old. I had a woman client who exported cars to Angola. She went bankrupt. Didn´t take precautions.

Having a letter of credit or exports insured is critical when dealing with Angola.

Mozambique is a different story. People are much more honest and peaceful, there´s less gasosa. Angola it´s for earning quick money, Mozambique is for living with good quality. The minimum foreign investment is 100.000dollars.

It´s a stable country with a lot of natural reserves. One client is going there to install a small factory of ink and house hold cleaners (there is a strong demand for this product). There´s a triangle to invest: Nampula, Tete and Beira. No so much Maputo, but the north. South Africa has a lot of power in Moçambas.
This was said to me by the bank SOFID, a portuguese public investment bank who finance portuguese who are willing to go to Mozambique.
I might go to Mozambique in August half tourism, half work, but still not sure. I hear the beaches from Bazaruto are great and the shrimp also.
Reply
#23

Africa Boom

Africa is made up for 53 different countries. Pick your country study it. Pay your bribes.

Pepini knows the deal. Mozambique and Angola are different beasts, just like South Africa and Egypt.

Every country operates vastly differently. Go there, see what it's like, the import export business is great currently.

Don't let the fear mongers scare you.
Reply
#24

Africa Boom

Quote: (07-11-2012 03:42 AM)Hooligan Harry Wrote:  

Im not trying to be nasty, just provide a realistic perspective, so I say that tongue in cheek

Well I obviously disgree, but great post. I always dig your well-thought through ideas.

Funny story. Yesterday I was traveling to a US state capital (shall remain nameless) to educate some government fools on a subject (shall remain nameless). En route, in the car, the US National Public Radio had a program called Talk of the Nation and the subject was Africa; “Despite Grim Headlines, Africa Is Booming.” So I'm like awesome! I'm gonna' listen and use the ammo to smack down that Aussie dude. How pathetic is that? I have this high-level state leadership audience yet I'm just as concerned with Roosh V stuff. Priorities?

Anyway, the story exactly mirrors this thread with same points. Sound familiar?

“The news stories are not wrong: There is all too much drought, poverty, famine and war in Africa. But you will also find six of the world's 10 fastest-growing economies there. Malls, high-rises and Internet cafes are popping up in cities across the continent, and a new generation with more income, more global interests and more ambitions.
Some analysts tout Africa as the new Asia. Others worry that growth cannot be sustained.”

“Well, this is the fascinating thing about what's happening in Africa right now. All Africans, well nearly all Africans, have disposable income in a way that one could not conceive of them having had a generation ago - or even less than a generation ago.”

“And the best evidence of that is the rise of the mobile phone. A mobile phone - use of a mobile phone is almost by definition a form of disposable income.”

AND

“I don't expect, and I don't - haven't met many Africans who expect Africa to copy the political or economic models that we have seen in East Asia, in places like China and in Singapore. “

“How much of this economic growth is extractive in terms of oil and minerals and that sort of thing, and how much is integral growth within the countries? “

“if you brought an American way of thinking and of doing business to Nigeria and turn your back, you would run into trouble and lose your shirt right away. “
http://www.npr.org/2012/07/11/156621234/...is-booming
Reply
#25

Africa Boom

Great share 46.

I think us guys need to latch onto this market as early as we can. Keeping our wits about us, could bring back a decent return.
Especially the mobile phone point, they are going mad for smartphones at the moment.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)