According to a 2018 report by the global management consultancy firm, McKinsey & Company, Africa is the second-fastest-growing banking market globally, generating nearly twice profit returns as the global average. While the banking industry across the world continues to struggle in terms of growth and performance, African banks are expected to maintain a progressive growth […]
The automotive industry in Africa is considerably the smallest globally, with the importation of used cars plaguing the continent significantly. The good news is that the market for new cars is also proliferating, with the industry projected to make an annual sale of 2 million units by 2035. This growth is associated with Africa’s infrastructural […]
Recent surveys indicate that over 50% of Africans will become urban residents by 2030, a population that will heavily rely on both non-motorized and motorized transportation for movement. This explains why there is a growing demand for rural and urban transportation across Africa, a trend that is projected to rise in the coming years. Notably, […]
Companies and multinational corporations have failed terribly in tapping Africa’s full economic potential due to poor infrastructure, inefficiencies, and logistical challenges. In Sub-Saharan Africa, for example, transportation of goods costs over five times the value of moving similar goods in the United States. While infrastructural investment is crucial in Africa, investing in a logistical company […]
There is little to find on the internet about opening a company as a foreigner in Kenya is concerned. Most blog posts and business articles are centered on company registration for Kenyan citizens. However, for expatriates and visitors to Kenya, the biggest concern is whether non-citizens or foreigners can register a company in the country. […]
Small and medium-sized enterprises (SMEs) are the engines of economic growth for almost every African country, and Kenya is not an exception. Statistics reveal that micro-businesses and SMEs constitute more than 98% of businesses in Kenya. Therefore, SMEs in the country plays a crucial role in creating employment, supporting large firms, aiding industrial development, and […]
To outsiders, Kenyans are lazy and corrupt people. But to those that have explored the country well enough, Kenyans are educated, hard-working, and diligent people. Yes, you got that right! Hard-working and educated! Again, a majority of Kenyans are youths. These two elements are the fuel of the country’s growth as far as entrepreneurship is […]
Ghana is among the few African countries booming with a ton of investment opportunities. The country has a rich and diverse resource base, including natural resources, manufacturing goods, digital technology, and automotive goods. These, among other factors, have made Ghana feature as the leading country in West Africa in terms of GDP. In 2011, the […]
The real estate sector in Kenya is booming, following the increased demand for land and property by both Kenyan citizens and foreigners. Based on the provisions of the country’s constitution, every Kenyan citizen has the legal right to own land anywhere across Kenya. The biggest concern, however, is whether foreigners can hold and own land […]
These 15 Ideas Will Make You Rich in Africa Africa is changing. The economy in the continent is booming, and there is pretty much that you can do to make money in the world’s fastest-growing region. As one African entrepreneur puts it, ‘You do not need a perfect plan to get rich in Africa. All […]
