last October africon published its first editorial addressing the future of the Steel industry in East Africa at the 3rd journal edition of the International Tube Association. The article started by highlighting how East Africa distinguishes itself by economical growth and political stability in the region and being the least dependent on primary commodities such as gold or oil in comparison with other african regions. The East African region was projected to capture the highest regional economic growth over the past year in Africa. The article then went in depth to analyse those macro-economic factors and focused on the drivers of steel industry that promote economic growth in Africa and especially in East Africa.
Spätestens seit der Jahrtausendwende befindet sich das Bild Afrikas, des vormaligen ‚Kontinents der Kriege und Katastrophen‘, in einem radikalen Wandel.
Challenges for western companies are to find the right way to make use of these opportunities and also to be on time: In a few years the Nigerian automotive sector is likely to be split between those who invested early enough, which will make it difficult for foreign newcomers to gain foothold.
The global competition forces companies to search for new markets. Africa is one of the fastest growing markets of the world. The population is set to grow up to 2 billion people in the next 40 years. One of the most interesting markets is Nigeria with a population of more than 170 million inhabitants. XCOM […]
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