Collaboration Rather Than Reciprocity.
Africa's Wealth, Attitude, Blessings, Business, Economy, Entrepreneurship, Geopolitics, integrity, Knowledge and understanding, Leadership, Politics, Productivity, Stratégy, Trade, Transformation

Collaboration Rather Than Reciprocity.

A successful relationship with a government goes beyond tit-for-tat. This reciprocity is not collaboration and quickly devolves into a mere balancing of accounts. A productive relationship with frontier market governments is built by pursuing common goals, holding each other accountable. Jeff Immelt of General Electric discovered that this collaborative approach addressed many of the drawbacks […]

23 February 2024 0 Comments
MORE AND MORE GOOD GOVERNANCE.
Africa's Wealth, Business, Economy, Geopolitics, integrity, Knowledge and understanding, Leadership, Politics, Productivity, Trade, Transformation

MORE AND MORE GOOD GOVERNANCE.

The politics of governments in Africa is a landscape undergoing significant changes. Its actors are changing, of course, but so are its direction and dominant vision. This landscape is traversed by a path of good governance, commitment, and competence, which is expanding. As I have mentioned before, expectations play a significant role in the quality […]

22 February 2024 0 Comments
LONG-TERM COMMITMENT.
Africa's Wealth, Business, Economy, Entrepreneurship, Geopolitics, integrity, Knowledge and understanding, Leadership, Politics, Productivity, Ressources, Skills, Spirituality, Trade, Transformation

LONG-TERM COMMITMENT.

African governments have the same need as others to respond to short-term political deadlines. What distinguishes governments in frontier markets is that they place much more value on long-term commitment from companies. A non-African example can help better understand this point. One of my friends worked in the early 1990s at one of the world’s […]

22 February 2024 0 Comments
ADAPTING PROJECTS TO LOCAL CULTURE.
Africa's Wealth, Business, Economy, Entrepreneurship, Geopolitics, integrity, Knowledge and understanding, Leadership, Politics, Productivity, Ressources, Skills, Trade, Transformation

ADAPTING PROJECTS TO LOCAL CULTURE.

“I’ve seen it so often,” says Neville Isdell of Coca-Cola: a company identifies an opportunity in Africa, sends all its expatriates, recreating what they have at home, and manages everything from its European headquarters. It’s expensive, because of salaries, travel, etc. But most of all, it’s expensive because it doesn’t work.” Neville knows what works. […]

22 February 2024 0 Comments
TO BE TENACIOUS.
Africa's Wealth, Attitude, Business, Character, Economy, Entrepreneurship, Geopolitics, Knowledge and understanding, Leadership, Politics, Productivity, Trade

TO BE TENACIOUS.

No one succeeds in Africa by following a straight line. The field of frustrations is extensive, and I have hardly ever known anyone who succeeded in Africa without encountering endless obstacles. Mostly, these are the daily obstacles of life in a system that only halfway works. I spoke with a young Nigerian who was back […]

22 February 2024 0 Comments
BUILDING WHAT WE NEED.
Africa's Wealth, Attitude, Business, Economy, Finance, Geopolitics, integrity, Knowledge and understanding, Leadership, Politics, Productivity, Ressources, Trade, Transformation

BUILDING WHAT WE NEED.

In the 1990s, Chrysler forged the concept of the “extended enterprise”: a company in which different management poles are interdependent, but with multiple and distinct structures. The interaction between an electricity supplier and a manufacturer would be a typical example of this kind of enterprise, at least in the United States or Europe. In Africa, […]

22 February 2024 0 Comments
GETTING YOUR HANDS DIRTY
Africa's Wealth, Attitude, Blessings, Business, Character, Consecration, Geopolitics, Knowledge and understanding, Leadership, Politics, Productivity, Trade, Transformation

GETTING YOUR HANDS DIRTY

For businesspeople in developed markets, frontier markets are both exciting and daunting. That’s why American, European, Japanese, and even Korean companies tend to keep their distance. Their world and social life are often compartmentalized. It’s comfortable, but from a business perspective, adopting this behavior in Africa is a death sentence. You have to get your […]

22 February 2024 0 Comments
AFRICA LACKS EVERYTHING. WHAT A CHANCE!
Africa's Wealth, Attitude, Business, Economy, Entrepreneurship, Geopolitics, integrity, Knowledge and understanding, Leadership, Productivity, Trade, Transformation

AFRICA LACKS EVERYTHING. WHAT A CHANCE!

To lack something doesn’t mean one cannot afford it. The consumer goods sector is growing rapidly in Africa. From 2000 to 2010, natural resources contributed to one-third of African growth. According to McKinsey & Company’s report, “The rise of the African consumer,” sectors operating at least partially in B2C represented 45% of this growth in […]

22 February 2024 0 Comments
THINK REGION.
Africa's Wealth, Business, Custums, Economy, Entrepreneurship, Finance, integrity, Knowledge and understanding, Leadership, Politics, Productivity, Ressources, Skills, Trade, Transformation

THINK REGION.

A good way to segment the African market is by looking at regional trade zones. There are five main regional blocs in Africa, which correspond to the Regional Economic Communities (RECs) of the African Economic Community (AEC), an organization seeking to promote economic development among African states. These five RECs are: Some companies have succeeded […]

21 February 2024 0 Comments
UNDERSTANDING DIFFERENT AFRICAN REGIONS.
Africa's Wealth, Business, Custums, Economy, Entrepreneurship, Geopolitics, Leadership, Productivity, Ressources, Transformation

UNDERSTANDING DIFFERENT AFRICAN REGIONS.

Africa is a continent of exceptional diversity. Much attention is paid to the difference between the governance systems of former French and British colonies, but this is just one layer of diversity. Among the 54 countries, Africa has six official languages inherited from its colonial past and Islamic migrations. In addition to these languages, there […]

21 February 2024 0 Comments
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EUREuro
CADCanadian dollar
USDUnited States (US) dollar
CHFSwiss franc
TRYTurkish lira
XAFCentral African CFA franc
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AUDAustralian dollar
ZARSouth African rand
NGNNigerian naira