Are there still opportunities to do business in Africa? (Who goes to Africa to do business?)

Thank you for the invitation. The author has traveled to many African countries and has his own understanding of Africa. I would like to share it.

Africa is not a blank slate as the Chinese think. On the contrary, there are Chinese footprints in various industries, regions and even some small cities. Or engage in construction or business. There are more than 1 million Chinese working hard in more than 50 countries and regions in Africa. Think about this concept.

Most businessmen either rely on state-owned enterprises or rely on abundant funds. Low-threshold businesses such as Chinese restaurants, supermarkets, farms, barber shops, small sales stores, clothing and shoe wholesale, etc. have been ruined. The author personally believes that at this juncture, traditional low-end and low-barrier businesses are basically out of business. Unless you are particularly confident that you can fight to the death with a group of people who came a long time ago in the fierce competition and squeeze them out. If not, then don't make any decisions in these areas.

I personally believe that entrepreneurship in Africa has developed into the second stage, and that technological innovation and entrepreneurship will lead to development in the future.

It can be some manufacturing factories;

It can be technology companies. Africans are relatively backward in technology, but if they have technological leadership, they are still very popular.

In short, there is nothing Africans can do on their own without even thinking about it. On the one hand, African governments are not welcoming, but on the other hand, they are trying to squeeze you out. The current African business shows the following characteristics:

1. Large investors spend tens of millions of dollars to monopolize a certain market. The results are good, and they are also very popular with the government. , give great support

2. Old Africa has thoroughly understood the market, has been operating for a long time, and firmly dominates an area; generally it cannot tolerate new intruders, and will definitely crowd out the efforts of new arrivals.

3. Technological innovation companies do things that Africans want to do but cannot do. They rely on technology to get rich and have obvious competitiveness. Can be in a leading position.

If you want to come to Africa, you must first understand Africa. Welcome to follow the author's Toutiao account and Douyin account. "When you go to East Africa, you can't hear it through hearsay. You must conduct on-the-spot investigation yourself. It is best to find the one that suits you

The author is based in Africa and engages in business consulting at a local energy company. and consultant work. Based on my own experience, I can share with you several specific business opportunities:

1. Food industry

Most countries in sub-Saharan Africa are still very poor. And with a large population, there is a huge demand for basic rice, flour, grains and oils. You can go to Nigeria, Tanzania, Kenya, Ethiopia, and Mozambique to inspect and export flour machinery, oil extraction equipment, biscuit and bread production lines, etc. You can also directly invest locally. Build a factory to produce flour, biscuits, bread and other foods.

2. Coffee import and export

A cup of domestic coffee costs about RMB 30. Generally, one kilogram of coffee beans can produce at least 70 cups of coffee. , but the price of coffee beans upstream is very cheap, about 2-4 US dollars per kilogram. If you can supply coffee beans to coffee chains in China, it is a very good business, especially the specialty coffee from Ethiopia, Kenya, Tanzania, and Rwanda in Africa. The flavor is unique and very marketable.

3. High-end customized tourism

It is not realistic for most Chinese people to travel in depth to Africa, but for high-income people who like adventure and excitement. It is very attractive. You can engage in the high-end customized tourism industry, contact local travel agencies in Africa, and guide domestic tourists here. Imagine the attractions: Kenya's Great Migration of Animals, Tanzania's Mount Kilimanjaro, and Rwanda. Orangutans, the Cape of Good Hope in South Africa, Mauritius, etc.

4. Study abroad agency

Africans have witnessed China’s achievements in recent decades, and they also agree with many Africans. People are willing to send their children to study in China to learn languages ??and skills. After completing their studies, they can start China-Africa trade and make a fortune. They can start from high-quality local high schools in Africa and introduce them to study abroad in domestic universities. This kind of business is already very popular. It has matured, and many local Africans are doing it.

5. Open Chinese restaurants and supermarkets

There are currently about 3 million Chinese compatriots in Africa, distributed in various countries. Due to cultural and regional reasons, Chinese people still like to eat Chinese food. There are many Chinese restaurants and supermarkets in the capitals of South Africa, Nigeria, Angola, Tanzania, and Ethiopia, which not only satisfy the basic needs of compatriots, but are also good places for investment, inspection, and exchanges

6. Mobile phones

In the past two years, Africa's communication conditions have become better and better, tariffs have continued to fall, and Africans' demand for mobile phones has also grown.

Due to income problems, there is a huge demand for feature phones in rural areas, and there is a huge demand for smart large-screen mobile phones in cities and wealthy areas. You can consider mobile phone trading business from Shenzhen to Africa

If you have sufficient funds and hope to engage in large-scale For investment, you can consider construction companies, real estate companies, furniture factories, paper mills, coastal fishing companies, shipyards, refineries, etc.

Africa has a population of nearly 1.1 billion and an area as large as three Chinas, especially one The key is willingness. Most African countries do not have an industrial system and most items need to be imported. Madeinchina's products are good and cheap, so there are many business opportunities. It is recommended to come and inspect them in advance based on your own conditions before making a decision. After all, you are doing business in Africa. There are still risks

Hello, I lived in Morocco, North Africa for two years! I can tell you this!

Now the Chinese have traveled to 53 countries in Africa. According to incomplete statistics, there are more than 1 million Chinese in Africa! Think about this number? There are indeed many people who succeed in Africa, but there are also many who fail! It’s just that that was more than 10 years ago. At that time, the African market was still new and there were many opportunities because no one was doing it in many industries. Needless to say, profits! Today's market has long been trampled to pieces. Why is there no one doing it? There are many people who do illegal things! So when you want to do business in Africa, you need to be prepared! Money is not a problem, body and life are also important!

But now the only place in Africa that I think is pretty good is North Africa, such as Morocco! This country is visa-free in June 2016, mainly Arabs and Berbers, so it is a white country! Located north of the Sahara Desert, there are no diseases in black areas south of the Sahara! The area is stable and the scenery is pleasant. It is now a tourist destination for all-rounders. Moreover, since it has only been exempted from visa for a short period of time, there are not many permanent Chinese residents, and there are still many things to do! Many Chinese in black areas have already moved here! The most important thing is that this country is opposite Spain, very close! You can go and try it!

Before coming to Africa, no one thought black people were smart. After coming, no one was fooled. In the end, no one thought black people were stupid. In the end, I became very black and adapted to everything here, because I have been here for many years

Is there still a chance to do business in Africa?

Yes, I will give you a chance, just do it! Are you satisfied with the answer?

As for the subject's question, I feel that the subject does not have much business experience, so don't take this train blindly.

Business can be done anywhere. What matters is how the person doing it does it. You don’t necessarily have to go abroad. If you are not familiar with a place, how can you ensure that your business is prosperous? It is recommended to consider it carefully.

Also, what kind of business do you want to do? This will help you.

Of course there are opportunities. Just like Europe and the United States moved their models to China in the past 20 years to make money, some Chinese businesses and models can now be moved to Africa.

Of course, the most important thing when doing business in Africa is to go out first, see it, and understand it before you know what opportunities there are and what you are suitable for. Reading thousands of books is not as good as traveling thousands of miles.

Many of my clients are Chinese from Zhejiang and Fujian. Their cultural level is not high, but they dare to venture. Start by working part-time and slowly find market opportunities. A customer from Fujian like me seized the opportunity of Botswana's opening up last year and bravely entered the market. Whatever the local people wanted, they purchased goods from me. The price was cheaper than anyone else, with half the profit margin of the local overseas Chinese. Go to the market and achieve a net worth of 20 million in one year.

In short, the more chaotic the place, the more opportunities there are, but one must first enter the chaotic world.

There is no problem in the African market, as long as you can seek truth from facts! The key is your partner! I'm stuck here!

There should still be opportunities!

Africa has a relatively large population and has developed rapidly in recent years. China, the country and enterprises have also invested a lot of time and cost in Africa. There are still many opportunities for investors, but they should also pay attention to the risks. It is better if they are led by friends who are familiar with the situation.

There is definitely an opportunity. If customers have sufficient resources and funds, they can set up factories in Africa, develop manufacturing, and then export to other countries. After all, Africa is an underdeveloped country, and labor costs will be relatively low. If it develops manufacturing, the profits will be even greater. I know a friend who is currently setting up a factory in Bangladesh and is exporting to other countries. Personal suggestions, for reference only

Africa is an unexplored virgin land. There are definitely opportunities to make money and fortune when doing business. The problem is: language barrier, violence, gangs, frequent civil wars, and personal insecurity. Guarantee, the business environment is dangerous.