Doing business in Africa: Hofstede’s cultural dimensions

Doing business in Africa: Hofstede’s cultural dimensions

  Today, Africa has reasons to be cheerful. There is growing interest from both outside and internal financiers to invest in the opportunity and potential the continent presents. The continent presents a growing number of middle-income households with salient spending power, cheap labour and the potential to reap abnormal profits. Middle-income households in Africa are estimated to be at least 370 million or 34 percent of the continent’s 1.1 billion people and their spending power…

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Mahindra bets on Africa

Mahindra bets on Africa

India’s largest utility and tractor producer, Mahindra and Mahindra , has set up an Africa-focused business unit as it looks to maintain double-digit growth levels in the continent, the company said on Tuesday. With an active presence in 20 African countries, Mahindra and Mahindra hopes the aggressive expansion will help spur a 10-fold increase in business over the next five to seven years. “There is no doubt that the African continent holds tremendous potential and…

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DHL’s big Push across the continet

DHL’s big Push across the continet

DHL says it is planning millions of Euros of investments in Africa this year. Although the number of foreign direct investments (FDI) fell by 8.4 percent in 2014, capital investment into Africa surged to $128b, a year-on-year increase of 136 percent, according to the recently released EY 2015 Africa Attractiveness Survey and the average investment increased to $174.5m per project, up from $67.8m in 2013. Charles Brewer, Managing Director of DHL Express Sub-Saharan Africa (SSA),…

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Ethiopia becomes Africa’s new FDI hotspot.

Ethiopia becomes Africa’s new FDI hotspot.

Report from Bloomberg News. Africa has a hot new investment destination and it’s not Nigeria. The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital. Executives from General Electric Co., Dow Chemical Co., Standard Bank Group Ltd. and MasterCard Inc. attending the June 3-5 gathering in Cape Town all singled…

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Financial inflows hit record highs

Financial inflows hit record highs

Total external financial flows to Africa in 2014 grew to a record $200 billion, which was four times the figure for 2000, according to the African Development Bank (AfDB). The total included remittances from Africa’s diaspora, which increased by more than 10% to reach $67bn last year, said the bank’s annual report for 2014 (306-page / 4.70 MB PDF). Remittances to the continent represented the “largest source of foreign financial flows” and exceeded official development…

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