What's Your Africa Strategy?
Africa is on track to be the most populated country in the world with 1.2 billion people. It has the youngest population workforce where the median age of 19.4 years.
With the ratification of the the African Continental Free Trade Agreement (AfCFTA), Africa becomes a single powerful economic trading block. 6 of 10 of the fastest growing economies are on the continent of Africa, where the AfCFTA creates a marketplace of 1.2 billion people with an estimated combined gross domestic products of $3.4 trillion across the continent.
The Africa continent contains much of the world’s natural resources essential for global competitiveness such as oil, minerals, rare and precious metals (including ⅓ of the world’s rare earth metal reserves), wood products and fishing. Africa is home to 60% of the world’s most fertile land making it prime for the world’s food basket.
A greater connection between the U.S. and African private sectors will expand markets for U.S. goods and services, and contribute to more self-reliant, prosperous, and stable African countries.
Partner with the IRON Currency Solutions to explore business opportunities in the 55 countries of the African Union, and gain insights into this population demographics
We can offering training sessions for you and your staff, as well as, serve as key resources on strategic investment projects.
Let us help you explore the opportunities on the continent of Africa.
Culture, language and customs are many of the challenges with doing business on the continent of Africa. What is standard protocol in the US, Europe. Asia and England, you will find them overshadowed by local customs and cultural norms. And, what works in one country does not in another.
But it's worth the effort to understand how to do business with each of the African nations because many predict that Africa will become a key player in the global economy in the coming decades, due to its untapped mineral wealth and natural resources, geo-strategic position, vast arable land, and booming population growth – including a huge number of young workers. African investment and business opportunities include, but are not limited to: renewable energy, agribusiness, infrastructure, communication, mass transportation and real estate development that can be mutually beneficial.
Small and Medium Enterprises (SMEs) are important business drivers for the Sub-Saharan African economy, accounting for 90% of all business in the markets, with many of them being women-owned. Access to finance is the greatest barrier to market success for many of these new and growing companies. By accessing new markets, SMEs can create long-term sustainable financial opportunities that lead to job creation for a population of more than 1.3 billion people with a median age of 19.4.
These numbers show that the investment potential in Africa can and will only be unlocked by financing the SME sector. This reality is underpinned by the fact that Africa’s population is predicted to double in just over 25 years, creating unprecedented market potential.
Note: Survey size N=13,722 (number of enterprise-years). Survey Years: 2011-2017 in sub-Sahara Africa.
Source: European Investment Bank, 2018, "Banking in Africa: Delivering on financial inclusion, supporting financial stability."