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Most
African countries are virgin as far as vital infrastructures are concerned. Indeed, there is, in any of the 48 sub-Saharan African countries, a dramatic lack of roads, bridges, public hospitals, private clinics, industrial plants, low cost housing schemes, cities transportation networks. Etc.
There is also a huge market for the development of all kinds of productions for the export market:
Rice, corn, coffee, cocoa, oil, mineral ores; and establishing big agribusiness
ventures.
In fact, business opportunities are endless in any African
country and we at Dr. Quenum & Associates used to say that: "There
is no poor African country. Only lack of imagination and mismanagement...."
Over years, month after month, we back up above assertion with a string of
economic deliveries on "how the continent could easily bridge the developing gap."
The delivery available at this link exposes the absolute necessity for any African country to start targeting
double-digit-economic growth rate.
This issue
titled : "Is Africa doomed? The African Challenge"
- demonstrates that, in spite of existing rampant poverty, the situation is
not hopeless and could change drastically for the better provided some political
and economic conditions are met and decisions taken to moving forward. Click
here for more
Some international investors and corporations do
have a more accurate perception of the true reality behind the veil of apparent
chaos.
Corporate America, for example, is ripping the highest annual
return on vested money on book value (29%) out of its several undertakings in
Africa - since 1990. (Source : 1999
UNCTAD Report on Direct Foreign Investment in Africa. Click here
to read the PDF report online. You may need Acrobat Reader here
available to download)
And the rising superpower, The People Republic of China, is currently heavily investing US$billion in several African countries. Make search on Radio Netherlands's site and you shall see.
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So, make no mistake if you want to get into businesses that yield double-digit return on vested money. The final destination is simply: Africa - where
the potential for big business is endless.
Doing business in Africa, however, has some specifics. It is compulsory
to have a
good intrinsic knowledge and understanding of local political, social and cultural
life. To have easy access to, and good contact with the local business community
(the traditional one and the modern trained one), and to government's decision-makers. Dr. Quenum & Associates are your partners in success in Africa. They have setup:
1- The adequate network of expertise throughout Africa to assist
you and guide you marching for success - in spite of political, cultural and social differences.
2- A well defined and structured strategy of intervention to
making sure that your venture in Africa is a complete success. Click
here to review Dr. Quenum & Associates' intervention
strategy on behalf of African and international investors.
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