Chinese businesses looking to go global have plenty of fresh opportunities on the African continent. Chinese enterprises investing in Africa come from a variety of industries, and some of them have found financial success there.
There are about 10,000 Chinese businesses operating locally over the whole African continent. When Chinese businesses enter the African market, their initial cost is typically repaid after one year of operation. And occasionally even earlier. In the worst situation, a Chinese business can recoup its initial investment after around three years of operations, but such occurrences are rare. For example, if you make twitch live videos you can invest in Stream Oz to buy twitch followers. A number of factors are involved when it comes to why China is investing in Africa.The most significant Chinese businesses that have had utter success in Africa are listed below.
The mobile phone company Tecno entered the African market and took over the continent’s east coast. Transsion Holdings is the company that owns Tecno, and while it has been successful in many other nations, Africa has had its share of achievements. Transsion Holdings achieved an exceptional market share of about 40% in various East African nations.
The renowned ceramics manufacturer Twyford is close to the capital of Kenya. Between 2015 and 2016, the factory’s construction took less than a year to complete. The business initially began by importing tile components into Nigeria before expanding to other African nations. Millions of Africans are offered jobs by Chinese businesses.
Africa is not the only region where Huawei is well-liked. This corporation assisted African businesses in advancing their technological capabilities and level of productivity. Through other apps such as M-Pesa mobile programs, Huawei further simplifies the transmission of funds. Huawei is a role model for anyone looking to enter the African market in terms of commerce and investment.
China’s trade investment in Africa has grown exponentially in the past decade and it shows no signs of slowing. As this investment grows, African nations will need to stay on top of trends in the global market or risk falling behind and missing out on major economic opportunities.