Do you work with the richest African country? (Part 1)

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2 years ago

__Case Study: See a valuable open door at home and across the world.

What might you say assuming I let you know that there is a greater African country as far as GDP than Nigeria?! Before I let you know the name of this country, here are its own financial measurements: GDP est @ $650bn with populace est at around 60m. Joblessness among this country bunch is low, est under 3%. Most are taught, and they communicate in various dialects. So who are these individuals?

It is the @AfricanDiaspora! In this post, I am discussing the Africans, generally original, presently residing and working external their nations of origin. For this situation concentrate on today, I am including the individuals who work inside Africa, and barring US African Americans whose own total pay is $1.6Tn+!

These folks in the @AfricanDiaspora send home about $82bn every year (AfDB 2018). Nigerians alone, as the second biggest gathering after Egypt ($29bn), send home around $26bn every year!

While a significant number of our residents who choose to venture out from home regularly battle incredibly to assemble another life (particularly right away) the @DiasporaNation is really the single biggest wellspring of unfamiliar trade into Africa, sending cash home that we by and large call "Settlements". These Remittances (cash moved to loved ones in home nations) overshadow the sum coming from Foreign Direct Investment (FDI).

__FDI into Africa was about $46bn in 2018 however @DiasporaNation is by a long shot Africa's biggest financial backer!

The Diaspora Nations' individuals are among the most extravagant Africans on the planet, and they have among the most elevated expendable earnings...

As a business person have you at any point considered working with @DiasporaNation?

Assuming you research African countries as far as their monetary size by GDP (in the present costs), here are the main 10 economies. There are various measures at various occasions as monetary standards vary, yet I'm simply giving you the IMF details today.

1. Nigeria - $494.83bn

2. South Africa - $369.85bn

3. Egypt - $353bn

4. Algeria - $178.64bn

5. Morocco - $124.54bn

6. Kenya - $109.13bn

7. Ethiopia - $103.61bn

8. Angola - $88.98bn

9. Ghana - $69.76bn

10. Tanzania - $67.24bn

(Source: IMF DataMapper World Economic Outlook)

Progressively, numerous inventive African business people are presently intentionally creating and advertising items to @DiasporaNation. With the development of computerized commercial centers and eCommerce, it is more straightforward than at any other time to contact them!

For those of you who watched the deciding of the $1m Africa Netpreneur Prize contest which I did with Jack Ma last November, you ought to recollect the show by a skilled business person from Mali, Moulaye Taboure, prime supporter and CEO of Afrikrea (https://www.Afrikrea.com/) who considered in Paris then, at that point, set up his business in AfricanNation-Côte d'Ivoire. He sells delightful Africa-enlivened design items to @DiasporaNation! Look at them.

In this series, I need to zero in consideration on #Afripreneurs who are into business among AfricanNations and @DiasporaNation. Assuming you live in any African Nation and have a business that offers items to @DiasporaNation, I need to be aware of it, as well as the other way around!

Indeed, you can be a business person sitting in the US and your business is into Africa, or a #Afripreneur at home on the landmass, scaling your business sectors to @DiasporaNation abroad. Inform us concerning it! This is your opportunity to hit one out of the ballpark.

"A worrier sees the trouble in each an open door; an ENTREPRENEUR sees the open door in each trouble". (Summarized from Winston Churchill)

To be proceeded. . .

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Comments

Mr Masiyiwa muri sei

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2 years ago

@drmudpro Ndiri zvakanaka shamwari yangu. Unotaura Shona?

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2 years ago

yes ndotaura i was happy to see a fellow shona speaker and getting a chance to talk to you is a blessing

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2 years ago