Profit-making idea: Become a supplier to Chinese companies in Africa

howwemadeitinafrica.com

Aug 14, 2017 12:08 PM

Trucks belonging to China’s Sunshine Group. Founded in Tanzania in 2012, the company initially focused on mining, but has since entered sectors such as agriculture, manufacturing and transport.

Profit-making idea is a series of short posts, each with a piece of information that we think you might find useful: for investment, for growing your company or to start a new business. Read our previous posts here.

Last week, How we made it in Africapublished an article shining the spotlight onseven Chinese companies that have found success in the continent. A new report by McKinsey & Company states that there are an estimated 10,000 Chinese-owned businesses in Africa, significantly more than what official figures indicate. Local African companies can either view these Chinese firms as a threat, or an opportunity to forge new business relationships.

One way African companies can benefit from the Chinese presence is by becoming their suppliers. Chinese firms in Africa currently only source 47% of their inputs from local companies. A reason cited for this relatively low number is because African companies don’t meet the price and quality requirements of the Chinese. African organisations need to invest in growing their scale and capabilities. The report suggests that if Chinese firms could source locally at the right price and quality, they would. The problem is therefore not with them, but with local suppliers.

Comments

Post a Comment

Popular posts from this blog

Atheist model, 27, and her footballer, 26, fiance go to the High Court to demand legal recognition for their humanist wedding in just a month

Image
dailymail.co.uk May 27, 2017 9:25 AM A glamour model and international footballer have gone to High Court to demand legal recognition for their humanist wedding. Laura Lacole, 27, of Belfast, and Leeds United star Eunan O'Kane, 26, will tie the knot at the luxury four-star Galgorm Resort in Ballymena, Northern Ireland, on June 22. At the moment the non-religious wedding is 'legally meaningless' - but the desperate couple are battling for a one-off relaxation of the law so that they do not have to hold a separate civil ceremony. Glamour model Laura Lacole, 27, of Belfast, and Leeds United star Eunan O'Kane, 26, have gone to High Court to demand legal recognition for their atheist humanist wedding Ms Lacole and her partner will tie the knot at the luxury four-star Galgorm Resort in Ballymena, Northern Ireland, on June 22 Laura Lacole Ms Lacole, of Belfast, said: 'We are both humanists so we want to have a wedding ceremony that reflects who we are as peopl
Read more

Where is Omar Borkan Al-Gala? | The man who was “deported from Saudi for being too handsome”

Image
By Roqeebah Olaoniye You may remember his face from April 2013 when almost every news outlet reported that the Saudi Arabian Police deported three men from the Kingdom for being too handsome. “Earlier this week, three men were forcibly removed from a culture festival in Saudi Arabia after religious police deemed the men “too handsome”. – UK’s Independent reported on the 26th of April 2013 . The Independent’s report relied on an “Arabic language newspaper Elaph”, which reported that a “festival official said the three Emiratis were taken out on the grounds they are too handsome and that the Commission [for the Promotion of Virtue and Prevention of Vices] members that concerns that female visitors could fall for them.” One of these three illegally handsome men turned out to be Omar Borkan Al-Gala: Ridiculously handsome right? Within a few hours, the internet was ablaze with photos of identifying Omar as one of the deported handsome men. Omar did nothing to quell the rumours. In
Read more

Late Footballer Cheick Tiote’s Wives and Mistresses Were Fighting Over Him

Image
247nigerianewsupdate.co Jun 6, 2017 12:29 PM Here’s the 2014 report culled from Daily Mail;  “A married Premier League footballer who already has three children by his wife and mistress has just taken a second bride in his native Cote’Ivoire (pictured with second wife, Doukrou Laeticia ). Cheick Tiote, 28, who earns £45,000 a week playing for Newcastle United, reportedly wed Laeticia Doukrou in a traditional ceremony earlier this month, saying taking another wife was ‘nothing unusual’ given he is a Muslim. But news of the second wedding came as a surprise to his first wife, Madah, 25, who is said to have only found out about it on Facebook. Madah, who lives with Tiote and their two children in a £1.5m house in a village outside Newcastle, reportedly fainted with shock when she saw the photographs of her husband marrying another woman. Meanwhile the midfielder also has a one-year-old child with mistress, 33-year-old Zimbabwean Nkosiphile Mpofu, known as Nikki.  (pictured above).
Read more