Why Africa is the Next Big Thing
By Andreas Schühly: A frica has seen a tremendous growth in the recent past, hosting the most flourishing markets. In this article we will take a closer look at the growth and the opportunities created by giving some case examples of highly successful companies as well as zooming into some major opportunity markets. The globalization has created vast opportunities and challenges not only for multinational companies but also for small start-ups. Frontier Markets in Africa, Asia, Eastern Europe and Latin America have risen to power in the last decades. They have become provider of sophisticated products and attracted foreign investments as their markets are appealing. In developed markets it is due to high competition very hard to find comparable opportunities. As the Frontier Markets steadily participate in international trade, they immensely develop their markets. Consequently political, social and economic risks are progressively reduced which makes them more attracti...