Apart from the fact that one is a continent and the other a country, Africa is the new China.
This seems like an odd idea at first. After all, China has a booming economy, and African countries are poverty-stricken, politically volatile, and unjustifiable business risks. Right?
Africa is actually the next frontier in global expansion. Allow me to explain.
Pretend for a moment that you’re the CEO of a major American clothing manufacturer. Your company is thriving, but you want to diversify your sourcing chain. You typically outsource this production to Chinese companies, but the current rising energy and human capital costs are slowly eating away at your margins and making it a less attractive option. You want to seek an alternative, but you aren’t quite sure where to turn.
Read more: Africa's the new China — here's why investors should care
- Africa: The great opportunity
- China’s slowdown – An opportunity for Africa to address longstanding economic inefficiencies: Aubrey Hruby, Co-Founder, Africa Expert Network
- Into Africa: The continent’s Cities of Opportunity – PwC (Video, Presentation, and Report)
- Kenya signs $5.42B railway extension deal with Chinese firm
- Shop Africa 2016 (Report & Infographics): Knight Frank
- Africa property offers rich pickings for the brave
- Lagos vs. Kenya vs. South Africa: Which is Africa’s ICT capital?
- Africa’s tech start-ups of the future
- Here are seven of Africa’s largest infrastructure projects currently under construction (Photos)
- M&A activity heats up in Africa as investors bet on growth
- Here are 7 predictions for Africa’s tech sector
- East Africa’s second-tier cities hold untapped potential
- 4 reasons investors should seriously look to Africa for tech
- “Africa Rising” or not? Change the narrative on Africa to a dialogue: Nancy Kacungira at TEDxEuston (Video)
- Here are 17 facts about Africa you might not know
- Develop a strategy for Africa now before it’s too late, say Africa investment specialists Melissa Cook, CFA & Walé Adeosun, CFA
- Kenya vs. Tanzania: The race to build Sub-Saharan Africa’s largest port
- Africa’s Economic Prospects: Bryan Leith, COO, KPMG Africa
- EXEO Capital’s agribusiness Agri-Vie Fund II attracts over $100M in first close
- 5 things to know about building business in Africa: Anthony Lewis, Director, Capital Markets, JLL Sub-Saharan Africa
- Government funding is just one avenue for African tech
- Safaricom’s Little Cab, Kenya’s Uber rival, is launching in Nigeria and Uganda
- Africa Summit Set the Stage for US Business. Now What?
- Africa’s most valuable company Naspers worth less than what it owns (Infographics)
- 10 technology trends to watch in Africa in 2015
- Building the Entrepreneurial Base in Africa: J. Eric Wright, Chairman, Africa Venture Partners
- Convergence Partners, Google and the IFC commit $100 million to pan-African wholesale broadband provider CSquared
- 11 giant infrastructure projects that are reshaping Africa
- The African economy: Better than people think
- Chain reactions: savvy supply is key to success in the African luxury market
- iROKOtv hopes to chill Netflix Africa plans (Infographic)
- East Africa is super-attractive for Internet TV: Jason Njoku, Founder & CEO, iROKOtv
- 4 reasons Africa is the rising star of the tech world
- Ethiopia’s $1.8B Gilgel Gibe III dam project could start power generation by June
- Citi to Deutsche Bank on charm offensive in Africa as banks clamor for bond issuance deals
- Andela to invest in its graduates’ startups
- Startup Rising Africa
- Made in Africa: Ethiopia positions itself as manufacturing alternative to China
- Investors keep an eye on the big picture in Africa, in spite of short-term challenges
- Top property markets in Africa