Africa Investment Guideline for Doing Business in Africa

 

 

The third largest economy of Asia, which has accelerated its acquisitions on the African continent over the past five years, is planning further increases of its funding and its presence in realizing major projects. And recently, the Indian government seems to have decided to support its industry in its objective to develop activities in Africa by trying to establish more negotiations between States, especially in terms of major projects such as road construction or refineries. Thus, as stated recently by the Indian Ministry of Foreign Affairs, making the African continent one of their main economic partners is an official policy objective for India.

Indian companies are investing in all economic sectors like Telecommunications, agriculture, textiles, and raw materials etc. The Indian industry on the African continent is certainly more discreet than the Chinese one. But unlike China, whose investments are always negotiated on the state level, Indian industrialists will negotiate directly with their African counterparts. Thus, over the past five years, around 85 acquisitions and equity investments have been made by Indian companies in Africa who have invested $ 16 billion (apporx) in highly varied sectors ranging from energy to consumer goods, as well as in the cement and textile industries

Business Network launched: The India-Africa Business Network

TABJ: The India-Africa Business Network, launched at the Gordon Institute of Business in Johannesburg, is set to boost trade and open new business and investment channels between India and South Africa. Speaking at the launch, Trade and Industry Minister Rob Davies said South African trades with fellow members of the BRICS grouping were expanding  he said ,” no longer is the African continent confined to the old powers that we used to know, we now have broader participants”.

According to Inter Press Service (IPS), the India-Africa Business Network will be run out of the Gordon Institute of Business' newly formed Centre for Dynamic Markets and will complement existing networks, such as the India-Brazil-South Africa Dialogue Forum (Ibsa) and the India and South Africa CEOs forum, co-chaired by Indian industrialist Ratan Tata and Patrice Motsep, executive chairman of Africa Rainbow Minerals.

 

Africa Open for Business offers a tour of the continent, profiling ten companies throughout Africa. Some operate in countries with good governance. What they have in common is hard work and good business sense.

 

 

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