Monday, November 8, 2010

Business in Africa

Hey guys, found something interesting today.
BOSTON — Is there money to be made in Africa? You bet.
Just ask Walmart, which is offering more than $4 billion to buy a South African retail chain as its foothold into the fast-growing African market.
And Coca-Cola has announced it will spend $12 billion over the next 10 years to improve its production and sales network across the continent. KFC and Subway are already selling their meals to Africans. Top European and Chinese banks are competing for business in Africa, too.
This new scramble for business in Africa has made Wall Street take notice: Africa can be profitable.

The interesting thing about this is that it is a very good thing for Africa. It will help the economy and will help Africa better than donations. Now Africans can enjoy some Subway and WalMart like we do in North America, all while helping their economy.

8 comments:

  1. lol... *helping* they
    *cough* it's a trap *cough cough*

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  2. This is great. Maybe some day people will learn that there actualy are big and rich cities in south africa!

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  3. Very interesting post. thanks for the info.

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  4. That is quite interesting, I never would have thought Africa was a fruitful market.

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  5. seems like africa is the next new world

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