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Its far too early to speak of a developed Africa, also depends on what you mean by developed. I think there will continue to be huge wealth discrepancies in Africa as well as many social problems, but undoubtedly, many African states have reached a stage where they can afford to provide some stability and tremendous economic growth as well. I think it is possible that the future Africa may somewhat resemble today's SE Asia, which is still not 1st world, and has huge wealth discrepancies, and poverty, but also has tremendous opportunities and maturing industries.
Either way, I think for a sharp, adaptible entrepreneur, Africa presents many opportunities because many of its lower tier industries are not dominated by long time market players, and thus with less capital, you can establish a significant presence.
I heard of an entrepreneur from one of my ancestral provinces in Eastern China who went to Malawi with funds scraped from his villagers with no clue as to what Africa was like, decided it was hot so he opeed an ice cream factory and ended up becoming the dominant ice cream producer in the region and one of the most influential businessmen there within a scope of ten years. That's impossible in a developed country, but if you have maybe $50,000 in capital and can sense opportunities, you can accomplish these things in Africa where lower tier industries provide a great deal of growth and lower threshholds of entry for businessmen.
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The first Cargo plane from turkey loaded off in Mogadishu. September, 2013
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Michael Stock is pursuing an extreme version of that basic investor’s principle: Get in early. He’s just finished building a resort on the coast of war-torn Mogadishu, Somalia.
Last edited by Prince Of Macrobia; 06-24-2014 at 05:39 PM.
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Tropical Village Hotel, Mogadishu, Somalia. You can hear all over the sound of birds. beautiful.
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It is a big step from the images presented by the 1993 movie Black Hawk Down to the idea of Mogadishu as a holiday resort.
Well believe it or not work is underway on the development of a multi-million dollar beach resort in Mogadishu with this being a prominent indicator of the building boom underway there. - See more at: http://www.portstrategy.com/news101/....qltqH1fa.dpuf
Mogadishu Port
^^Simatech plans to expand Mogadishu port with an investment of US$ 70 Million. SOURCE: http://www.hiiraan.com/news4/2013/Ju....Dyd5RIx1.dpbs
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DP WORLD WELCOMES SIMATECH’S NEW SERVICE
BETWEEN JEBEL ALI PORT AND MOGADISHU.
SOURCE: http://webapps.dpworld.com/portal/pa...ogadishu_E.pdf
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Go Africa! Be developed so that the African diaspora in Latin-America and Europe will return to the continent.
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