In Africa , Djibouti is growing fast and has launched massive construction and development projects. It is said to become the new business and trade hub of the Horn of Africa region. Business in Africa is growing at a rapid pace
Rapidly growing buildings with modern building complexes and futuristic office buildings are adorning the landscape in Djibouti. The Africa business landscape ifs definitely moving fast and quick which will be soon competing with Canada and Australia
Africa Future of business
Australia and Africa are vast continents of climatic extremes, from deserts to tropical rainforests. Africa has a wealth of natural resources. Africa has 60 per cent of the world’s uncultivated, arable land and it has 12 per cent of the world’s petroleum and 30 per cent of the planet’s known mineral reserves. Africa is either first or second by share for known reserves of platinum, diamonds, cobalt, gold and bauxite.
Investment into Africa is now booming.
The lack of basic infrastructure is the biggest impediment to economic development in Africa. The lack of suitable buildings, transport links and power and water supplies in most parts of the continent makes it virtually impossible for the emergence of modern economies.
Us investing in Africa business
Wall Street-listed companies are investing more on the continent with each passing week.
(P/E Ratio: 22.8; P/B Ratio: 7.4; Dividend Yield: 2.1%)
(P/E Ratio: 16.2; P/B Ratio: 1.8; Dividend Yield: 3.4%)
(P/E Ratio: 13.5; P/B Ratio: 1.4; Dividend Yield: 4.5%)
Few corporations have a longer history in Africa than Siemens. It first got down to business on the continent in 1857. In 2010, its South African sales totaled $767 million. Nigerian revenue came in at $124 million.