06/22/2022
Business opportunities abound in the richest continent in the world.
It is a known fact that Africa is the richest continent in the world in terms of natural resources and minerals used in the creation of financial wealth. With Africa’s wealth in resources, there are just about limitless business opportunities that all Africans both in the continent of Africa, and North & South America should be privileged to explore. Currently, the beneficiaries of Africa’s riches are not people of African background, and not even necessarily African countries either. Instead, practically all the rich natural resources that the continent is endowed with, are exported out of the continent as raw materials, and re-sold back to the continent as finished goods that most Africans cannot afford to buy; especially, given the disadvantaged international exchange rate that most African countries contend with.
Venturing into business through Entrepreneurial pursuit is the most viable way for Africans to benefit from the boundless wealth that the continent is endowed with. And the key to industrializing the continent and to produce far more billionaires in financial riches than any other continent on earth is for Africans to imbibe the spirit, desire, and patriotic intent to go into businesses that will turn Africa’s raw materials into exportable finished products. Nothing leaves the continent as raw materials. Currently, most of Africa’s exportable natural resources are controlled by governments that are selfishly motivated to only sell raw materials for cash and for cheap.
To change this narrative, Africans all over the globe should cultivate the spirit of global competitive entrepreneurialism – in order, to make Africa as financially rich as it is endowed in natural resources. To achieve this aim, African countries through individual owned businesses, should first develop the spirit of trading with one another in finished goods. The ultimate goal is to ensure that no product leaves the continent as raw materials.
The spirit of business collaboration must lead this quest to industrialize Africa. For the records, not too many global 500 businesses are 50% owned by the starters or inventors of these businesses. Many of these global businesses started small but grew and expanded by seeking funds through public stock offerings. A good example of how billionaires are made is the case of Bill Gates who owned about 1% shares in Microsoft when he stepped down from Microsoft board in 2020 according to forbes.com. And Elon Musk, currently the richest man on earth with a net worth of $268 billion, owns just 16% stake of Tesla’s.
If Africans in the continent and those outside the continent are to help industrialize Africa and create 1000s of legitimate $billionaires, Africans must seek to do business as partners and collaborators with fellow Africans and well-intentioned foreigners; learn to bring onboard well-paid professionals in the areas of our business interests and needs; and engage the services of professional consultancy firms to guide business decisions.
Link: https://eegbcc.com/business-opportunities-black-wealth/
