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Urbanization in Africa and The Growth Opportunities

The independence period in Africa has long been started. But after that period, nothing is changed. Supposedly, urbanization will follow after a region regained their freedom. Since there was nothing changed in leadership development, the whole continent’s suffering continued. But now, if we are to assess the Black Continent’s current condition, we can say that they have made improvement and free to predict that the development will continue on the next decades, hopefully.

Urbanization is the way to open up growth opportunities, and it has finally invaded the once poor continent. With this development, a lot of good things are about to happen. There are foreseen growth on investments, domestic and international economy and of course, Africa itself. Several sectors were touched like infrastructure, education, health, media and so forth.

Poor urbanization in Africa roots from the awful business policies and governance. Because of this, the business environment became frightful for investors. This leads to a very low employment rate. Only few Africans have decent jobs while others are left starving and dying while trying to find something to put on their plate. This is one reason why poverty is an epidemic, and growth is something surreal.

After five decades of life under unsureness, Africa has finally become certain with their goals. They realized the through urbanization, many greater things will come to them. And they worked on it, starting with transformation in governance, aiming to provide economic growth. Their hardworks were paid off because according to many researches, African countries are among the roaring countries when it comes to development.

African countries are currently experiencing the most rapid urbanization. This is initially because of the economical growth that each countries have posted. Countries like Rwanda, Nigeria, Ethiopia, Algeria, Mauritius, Ghana, etc. are among those countries where investments are flooding. Rural residents are migrating to the cities where they thought they’ve got a room to grow, a globally typecasted decision for families looking for a good life. Other than that, urbanization created a central market for each of African countries. That is what every nation needs, and that is what investors are looking for so they can have a point to explore the opportunities. And at last, they’ve found it, and it is more than what they have expected. Due to urbanization, people find ways so they can visit and make use of the business opportunities and growth in Africa.

Development in infrastructure is one of those things that made business doing easier. The progress in banking and finance, accommodation, property owning, business costs, consumer market and behavior and the learning workforce are also reasons why it is a great decision to invest in Africa. China saw all of these, and look what they are now. Business opportunities in Africa is unraveled to its people and other countries by urbanization. The country is hoping to do better by letting investors ride with what is happening to them.

Author Recommends Future Africa for management consultants

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South East Asia’s Eye on African Investments

Asia was one of those regions that profited from the opportunities of investing in Africa. It’s countries took early leads of doing business from the emerging continent. The most notable Asian country was China. The Sleeping Giant is currently enjoying its affair with Africa. They are gaining while creating rooms for growth among Africans by creating jobs. They’ve got investments in several sectors, the largest is on infrastructure. Middle East countries and those from other corners of the world’s largest continent are also spiraling their way to the Black continent. They became aware of what African needs and what they will get from it. By now, Asian countries were the most informed of the investment opportunities in Africa.

South East Asia and Sub Saharan Africa were two regions being always compared when it comes to their economy. Now, both areas are showing eagerness to progress, and their efforts are being paid off. Each regions are supporting each other shoulder to shoulder. By making more investments, especially in Africa, they are both ahead of better days.

One of those South East Asian country that has prospects in Africa is Singapore. Just last month, 31 Singapore-based firms cooperated in a business affair in the said continent. $66 million worth of deals under negotiation is what they brought home. The country become envious of what China has become because of their investments in Africa. Asia’s Lion city is eying the oils and minerals in Nigeria and other business sectors in South Africa and Ghana.

Malaysia is also a South East Asian country that has established good business relationship with Africa since 1990s. In fact during that time, both parties showed end up with very notable increase on their trade and investment sectors. Now, they are reviving what has transpired between them before. Just like many other nations, they are investing in Nigeria. Several Malaysian plantation companies are thinking of investing in the Black continent of the similarity of its soil condition with Europe. The country is thinking of expanding their oil palm sector, through the help of Nigeria. Malaysia, Indonesia and Nigeria were the top three largest palm oil producer in the world.

And speaking of Indonesia, they also have an eye at Africa. Business organizations think that there is a similar climate conditions between them. And so, aside from oil palm, they will also try to develop their rubber plantation industry. They think they have the advantage on the said sector since only few economies have noticed the potential of the region (Africa). Indonesia’s prospect countries were Liberia and Ivory Coast.

Vietnam and Algeria also have a good connection. The two countries are cooperating to boost energy production. This is after they agreed in a partnership between the Vietnam National Oil and Gas Group (PetroVietnam) and Sonatrach, an Algerian state energy group.

Other countries with and will do investment in Africa are Laos, Brunei,and Thailand.


Author Recommends Future Africa for management consultants