How to invest in african stock market,how to get a copy of a will legal,motivational quotes for athletes boxing,easy ways to make money for 13 year olds - Reviews

Author: admin, 13.06.2014. Category: The Power Of Attraction

Africa’s improvement is due, among other reasons, to better governance; as opposed to what people imagine, currently only 5 out of 54 African countries are dictatorships. In November 2012, the Institute of International Finance (IIF) reported that the African growth is not a dream but a reality due to the fact that the African economy has been in constant growth for a decade. According to the World Bank’s report Doing Business 2014 published in October 2013, ten African countries are among the “Top 100” countries with the best economic perspectives and facilities to invest (four of them are among the top 50). Other reports (BAD, PNUD, CEA) highlight the youth of the African population, market growth, the necessity for services and products for a growing middle class and the need for innovation for a new model of inclusive and sustainable economy. There is much value to these macroeconomic markers, as one should not forget that most Western countries -considered until recently the engines of the world economy – are currently weak. Western countries keep subsidising programs to help development, which in five decades have served all purposes except development.
On the other hand, sociocultural barriers and administrative hindrances are nowadays a big obstacle for African entrepreneurs and their new world partners.
Another common mistake when analysing Africa’s potential is to put all countries in one bag. In some countries, certain sectors are already mature such as for example tourism in Kenya, Tanzania and, since recent times, Sudan. In the first of a series on China's new relationship with Africa, the BBC's Adam Blenford looks at how their economic interests coincide. The continent is rich in natural resources that promise to keep China's booming, fuel-hungry economy on the road.
There is copper to mine in Zambia, iron ore to extract in Gabon and oil to refine in Angola.
In other countries less blessed by natural resources, Chinese companies have spied trading and investment opportunities.
Africa's need for new and better roads, school buildings, computer networks, telecoms systems and power generation has opened a lucrative window of opportunity for Chinese firms. The new Sino-African dynamic can leave the West ill at ease, reviving memories of Europe's colonial domination in Africa and drawing complaints that low Chinese bids are freezing out Western companies.
China also offers "no-strings" aid, a marked contrast to Western donors who impose conditions on aid and tie trade sweeteners to human rights issues.
Critics say China's approach has emboldened unsavoury governments, allowing them to ignore Western calls for reform, safe in the knowledge that Beijing will take up the slack. Sudan, with its vast oil reserves, is the number one recipient of Chinese investment, and sells some two-thirds of its oil to Beijing. Elsewhere, stories of anti-Chinese unrest in Zambia and the killing of nine Chinese oil workers by rebels in Ethiopia's Ogaden region have focused Beijing's attention on the price it might have to pay for its African adventure.


Instead China says it seeks a "harmonious world", an evolution of its Cold War search for "peaceful co-existence", and it wants to coax African countries along the path towards development.
Instead of top-down aid projects, Chinese companies seek profits in Africa as they bequeath the continent a new infrastructure - one that will more than likely be used to increase trade with China. Ethiopian officials speak of "owning" their country's development, but do admit that major contracts usually go to Chinese firms because of their ability to keep costs down.
Those markets are proving receptive, and trade with the continent is famously booming - up to $40bn in 2004, a tenfold increase in under a decade. Yet most African countries now have a growing trade deficit with China, in spite of favourable tax-free trading agreements. The China-Africa relationship shot to attention in November 2006 when 48 African heads of government attended a forum in Beijing. Tsegab Kebebew, a senior official in Ethiopia's foreign ministry, was in Beijing for the meeting.
In fact China has a history of involvement in Africa, and undertook major aid projects in the 1960s and 1970s.
China's gifts to modern-day Africa will soon include a gleaming new conference centre at the headquarters of the African Union in Addis Ababa - a symbol of Beijing's commitment to African development, says Mr Yan of the Chinese embassy.
With Ethiopia only now marking the turn of its millennium, seven years after the rest of the world, the country is in the grip of a 12-month millennium frenzy. Those browsing a local market for, say, a souvenir plate bearing the legend "Ethiopian Millennium 2000" would do well to turn the gift over and look underneath. Embossed on the white plastic is a phrase already familiar to all in the West: "Made in China".
Japanese trading firms such as Mitsui & Co, Mitsubishi Corp and Itochu Corp have been in Africa for years.
Japan is currently among  the top 5 as South Africa’s trading partner, with two-way trade of nearly R90-billion recorded in 2011. Japan is already participating in a uranium project in Namibia and manganese and platinum projects in South Africa. It should be noted that according to the report, no European Union country are among the top 10. The African economic unity is still far from the European one but plans have started to shape, as for example, the Africa 2063 plan for the improvement of the connections among African countries. Today, Angola, Ghana, South Africa, Cameroun, Ivory Coast, Benin, Botswana or Namibia are stable countries and with GDP growth similar to China or India. As a result, China has been criticised for its links with a government ostracised by many for its role in the ongoing crisis in Darfur.


However, there is evidence that workers are learning new skills because of the availability of Chinese-funded work. For this it needs energy and markets," Prof M Venkataraman of the University of Addis Ababa told the BBC. Ethiopian exports to China reached $132m (?63m) in 2006, a figure dwarfed by the value of Chinese imports of $432m (?206m). There is no colonial history between Africa and China, so they are well received here," he told the BBC. Among Beijing's gifts was a railroad linking Zambia and Tanzania, now scheduled to be rebuilt by a Chinese company.
The government hopes the outbreak of national pride will spur Ethiopia to a new age of prosperity.
So much so that in 2011, Jim O’neill included South Africa in the group of emerging economies, coining the acronym BRICS. The Ivory Coast and Ghana, despite not appearing in the top-five, have also been identified as important countries for their large-scale solar photovoltaic (PV) potential. Taking advantage of low labour costs, the Chinese are also building factories across Africa. Communications between Europe and Africa have improved substantially, countries are much more stable and the previous study and knowledge of the country give managers a less traumatic adaptation. In these countries, sectors like agriculture, education, healthcare or infrastructures hold a very important development potential. In addition, executive training in European business schools allow the creation of local teams, which facilitate business with local companies.
Moreover, for a Spaniard, the selection of countries in the Portuguese area of influence will make for a much faster adaptation. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience.
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