SUMMARY ON CHAPTER TWO OF AFRICA RISING
“AFRICA IS RICHER THAN YOU THINK”
The fact is Africa has some of the poorest countries in the world. But the truth is Africa is one of the richest continents in the world. Most of the countries in Africa have GNI higher than China. The concentration of wealth here is a potential market for countries in Africa. And recent entrepreneurial activities have proven that this can be achieved.
MEETING THE OBJECTIVES Critics have so many arguments that disprove the credibility of the prosperity of Africa. Some say it is a continent wrecked by brutality, cultural and religious tensions, environmental disasters and poor infrastructures. Others argue that she is ravaged by ‘sick states’ that are threatening the stability of the continent. Some also say she is made up of small countries which make it difficult to reach critical mass.
AFRICA IS BIGGER THAN YOU THINK
Most African countries have greater population than the most if the world’s developed countries. And since most of the countries share a common culture, language and trade, they can be bundled together into a larger market. Most foreign investors seek to expand their business into surrounding countries and Europe to grow. Most people say that Africa is landlocked. But the fact is most of the countries have inadequate infrastructure and connections to keep contacts with foreign land. But thankfully the invention of airlines and cell phones has helped the issue. Through this means of communications, strategies can be built internationally and interoperability is made easier and simple. Businesses have expanded across the continent due to such innovations.
AFRICA IS MORE THAN JUST SOUTH AND NORTH
Survey has shown that most of Africa’s richest countries are located in the northern and southern part of Africa. But research has shown that African industries stretch across the continent. If a country