Take a look at some of the interesting movement in different areas of Africa that showcase the potential for growth in the budding and swooning economies across the continent.
1. A $145M Africa Venture Capital Fund seeks solid companies to invest $20 to $30 million within the communication infrastructure markets. They are interested in companies within Kenya, the Democratic Republic of the Congo (DRC, Rwanda, South Sudan, and others. This could present an opportunity for your organization to step into the market or grow further if this is your organization's market-sphere. For those in different markets, the coming improvements to the communication infrastructure could signify a solid time to make additional investments or to seriously consider the viability of these markets.
2. A power super-grid could be on the way for Sub-Saharan Africa. The Eskom CEO called upon Sub-Saharan African countries to work together in the establishment of a power super-grid that would boost the electricity supply to the region; more good news for apprehensive companies considering the risk-reward tradeoff for the area.
3. Ethiopia aims to create new generation of entrepreneurs through the state-run entrepreneur training program called the Entrepreneurship Development Programme (EDP). The Ethiopian government hopes this UN sponsored initiative will boost the economy. The success of the program further highlights the growing economic position of many of the countries in East Africa and the increasing desire to foster business growth around the continent.
4. Tanzania opens access to capital for start-ups through a new Dar es Salaam stock exchange platform designed to introduce smaller businesses to potential investors. The hope is that this new program will cater to start-ups and other SME's that get left behind in the funding world by larger institutional investors, such as commercial banks. The increase in access to funding could result in further economic booms in an area of Africa that has been experiencing growing amounts of consumer disposable income.
5. Ethiopia's experiencing a renewable energy revolution. Ethiopia has been leading Africa in the use of renewable energy, and on November 30, 2013, the government of Ethiopia announced new deals to increase the amount of electricity generated from renewable sources. This is yet another area where countries in Africa are making great strides that still go unnoticed by foreign businesses.
6. IBM opened its first African technology research laboratory in Kenya back in November 2013. Take a look inside. This is another great example of forward looking companies that see the market potential on the continent.
All in all, these are only a small snippet of the strides being made all around Africa. Numerous opportunities exist for companies that make the choice to explore them. Yes, the main stream media can make it sound like a scary place, but your organization does not have to do it alone. Contact Us if you want to see how we can help your organization seize the opportunity.
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