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The fast growth of African economies and population coupled with increased expectations for quality infrastructure has worsened the infrastructure deficit of African countries. The electric power sector is one of the worst hit; not even the continent’s most developed economy, South Africa, is spared power outages. Some of the recently fast growing economies like Ghana and Nigeria are slowing down due to serious electric power deficits. This provides opportunities for foreign companies to sell their products, services, and technologies either as systems or projects.

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Created 2016-07-23
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Size 121.12 KB
System Linux
Downloads 56

One of the critical challenges faced by foreign companies interested to do business in Africa is how to find and select potential business partners in Africa. This is especially the case for both large firms and SMEs seeking for partners for indirect exporting/importing operations such as distributors, sales representative and agents in Africa. For, SME’s these challenges are of serious concern because they lack the resources to engage in extensive research, especially to collect information from external sources.

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Created 2016-07-23
Changed 2016-07-23
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Size 186.58 KB
System Windows
Downloads 41

Trade between Africa and the rest of the world has doubled between 2010-2015, and Africa is seen as the next sourcing location for several Western firms as Chinese labor cost escalates. While imports from Africa has gained pace especially in the agricultural sectors, imports of textile and apparel commodity from North Africa (Egypt, Morocco, and Tunisia) by European companies have also gained pace due to low labor wage, tariff exemptions, and proximity to EU market. To further increase these trend, efforts should be made to improve the export knowledge of African exporters specifically on complying with regulation, export market knowledge and export financing.

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Created 2016-07-28
Changed 2016-08-02
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Size 92.43 KB
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Downloads 578

The lagging Nordic investments in Africa, the continual intensification of competition in the Nordic consumer product business and the prospects of Africa suggest that Nordic companies can turn to Africa to seek for new growth opportunities. African offers potential for Nordic consumer products in categories such as food and groceries, forestry-based products and consumer durables. For Nordic firms to exploit these opportunities, they will need to see challenges in entering Africa as opportunities rather than hindrance and acknowledge the facts that doing business in Africa is getting easier than as perceived by Nordic firms.

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Created 2016-07-28
Changed 2016-08-02
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Size 130.52 KB
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Downloads 511

Rushing into doing business in Africa without exploring all the important factors can be a very uncertain move. For this reason, it is often advisable that Nordic firms seeking to enter a new market in Africa should make sure that are well prepared for it by conducting market research, market intelligence, feasibility of doing business in Africa, and a proper market entry and exit strategies.

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Created 2016-07-28
Changed 2016-08-02
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Size 155.85 KB
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Downloads 505

Africa is attaining a critical stage in its development, as it is transitioning from complete resource based projects to complex infrastructure projects that impact the broader economy. Globalization,faster growth and liberalization has opened up previously low-income country markets in Africa which has seen an increasingly investment and competition from Chinese and Western investors. Irrespective of the advantages and opportunities of project business in Africa, Western companies seeking for project business in Africa faces enormous challenges ranging from gaining the support of the local community, regime changes, business corruption, the emergence of local content requirements which presents new, and complex, set of challenges to negotiates.

 

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Created 2016-07-28
Changed 2016-08-03
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Size 106.07 KB
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Downloads 510

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