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subject: Competition In Africa's Business Environment [print this page]

Now that Africa is becoming one of the world's best business venue,

competition might get tougher. All types of businesses will need a

more intense and effective business modeling to keep up with the

heat of the battle. Doing business in Sub-Saharan Africa will become

harder to bear because of the rise of more foreign investments.

Business in Africa competition sector is expected to become

tighter. This is all because of the growing number of investors

being invited by the region's overall growth. Countries with large

economies were the premiere investors in Africa. One of them is

China which focuses on oil, mining and infrastructure business. But

as always the first one to come is the one who gets much of the

advantage. This is why Chinese investors are making the most of the

moment while everything is still fresh and hot. China is one of

Africa's best business partner right now. With their wide spread

investments, the continent is helped out to cater the needs of

Africans. United States is also one of the primary investor in

Africa. These two countries are perceived as two banging stones in

African business and in the global economy.

But as experts said, no business in Africa will be cornered or get

left sagging in their respective industries. Africa has a very

competitive natural resources, enough to sustain the life of any

African business. Plus, the large population of the continent is a

great prospect to become consumers. The consuming behavior of most

people are also improving. More people are introduced to

innovations. Slowly but surely, Africans are embracing them to make

their daily living better. A tighter competition can only be a

disadvantage for businessmen if they don't know how to abide it.

On a brighter side, competition in Africa's business environment

will spur growth on the continent's different sectors. It will

stimulate progress through innovation and greater productivity. More

production means more supply. Like in food business, if there are

more ventures on food production, people will never run out of

sources. Lesser rate will suffer from hunger. ICT is also one of the

most improved sector. Majority of the population of the whole

continent is seeking for something that will make their life more

convenient. Anywhere you look at, you will find someone asking for a

change. What Africa needs is more investments on their ICT,

agriculture, education, health services, infrastructure, etc.. You

can be the one that they are looking for.

Competition just needs to be fair and everything else will end up

positive. Competitors are not there to thwart you from achieving

your goals. There's nothing that can stop you from getting what you

want if you badly want it. Problem can come in the form of poor

management and ineffective decision making but can be resolved

through business consulting

by: Lars Stork

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