Jean Claude Kabongo Speaks About Investing in Africa
Jean-Claude Kabongo is a prominent business financer and investor serving as a chief advisor to the Democratic Republic of Congo president. He is not just known for his vast knowledge and understanding of the economy and market but also for his perspective on investment as a strategy.
In this article, we will deeply contemplate and try to understand his perspectives, thoughts, and opinions on investing in Africa and why it is a wise decision. We will also look at the reasons behind thoughts on investing in Africa and get insights into why it is such a growing market for investment purposes, whether from a political or economic perspective.
Reasons for the expanding investment projects in Africa
Jean-Claude Kabongo and other associates have increased interest in expanding investment projects across Africa. This interest is a consequence of different reasons investing in Africa is a wise choice. The business tycoon and finances have been a prominent personality in the eyes of local people, which has made him an ideal. Here are a few reasons why according to him, investing in Africa is a long-term corporate strategy and a sound business decision –
Most profitable regions across the globe
As a businessman and financier, Jean-Claude Kabongo has always had a keen eye for the best opportunities. When it comes to financial matters and investing in large-scale projects, he is a total genius. We are saying this because he sees great potential in the African markets. After all, it has some of the most prosperous regions globally. According to a report released by the United Nations Conference on Trade and Development, Africa has been the continent to show the highest rate of return on the inflow of foreign direct investments at 11.4%. It is far better than other continents such as Asia, which stood at a growth rate of 9.1 %, Latin America and the Caribbean at 8.9 %, with a global figure of 7.1 %.
In one of his recent interviews, he gave a few examples of companies that have been able to generate great prophets in Africa. The figure stands at 33.2 billion dollars while the entire south-eastern over stood at 10 billion dollars. These factors drive Africa’s total profit process making it an ideal place for European North American countries to invest. The Democratic Republic of Congo does not remain an exception, in this case, all thanks to great minds like Jean-Claude Kabongo!
Great economy growth prospects
Jean-Claude Kabongo also sees Africa as a land full of significant economic growth prospects for any project. He recognizes it as 6 of the world’s 12 fastest growing countries compared to other nations: Ethiopia, the Democratic Republic of Congo, Tanzania, Rwanda, Mozambique, and Côte d’Ivoire. In addition to this, Africa’s growth prospects have been the highest between 2017 and 2021, making it among the highest growing economies in the world, as per various reports. The good news is that telecommunication and infrastructure work to mean factors that drove the existing economic growth even in sectors where foreign companies would have gained a significant advantage.
Adding to this information, Jean-Claude Kabongo also states that many other factors, including banking, manufacturing, Food, and Agriculture, show a promising future for the markets to grow substantially in terms of investment opportunities for foreign businesses. Since these are important pillars for any economy, there is an excellent scope for better opportunities in market capitalization and rate of returns from a business perspective. Therefore, he sees these sectors as an emerging investment opportunity.
Growing youthful population
Africa is also the home to excellent prospects for a youthful population, constituting a relatively challenging market for any business looking forward to investing here. The continent’s total population is predicted to cross 4.39 billion by the next century. If we go back to 2015, around 200 million Africans entered the consumer food segment, which maximized the overall market size for active participants. Therefore, Africa’s promising and growing youthful population can play a critical role in looking forward to investment opportunities in the continent from a financial perspective. Jean-Claude Kabongo strongly believes that it is necessary to understand the importance of this opportunity to enable sustainable and prosperous development opportunities for several countries interested in looking for better cross-border investment options.
Abundant labour
Jean-Claude Kabongo strongly believes that Africa is a great place to discover the potential of abundant labour. This constitutes one of the region’s highest labour intensive and industrialized areas, which leaves an excellent opportunity for businesses to invest in highly skilled and abundant labour. Moreover, all this comes at relatively lower production and hiring costs, which can also provide better benefits that far outweigh the cost of managing business operations in the continent.
If we look at the hourly wage in Africa, it stands at 50 cents compared to $10.49 in the United Kingdom. $ 7.25 in the United States and $ 6.57 in Japan. Based on these details, we can conclude that engaging more corporate entities can help raise the hourly wage rates in Africa and improve the overall labour market efficiency. It can also help generate additional resources for the abundant labour available on the continent, including the population left behind the restricted age criteria.
Large deposits of natural resources
Jean-Claude Kabongo believes that the African subcontinent can serve as a gold mine for large deposits of numerous natural resources. It has large deposits of these natural resources that promise a bright future that possibly contributes to developing valuable supply chains for many industries. If we go deeper into the topic, it becomes evident that agriculture and other extractive sectors significantly contribute to the value chain’s national, regional and global levels. Africa is home to approximately 60% of the world’s total uncultivated land.
The continent managed to produce around 13% of the Global Oil in 2015. On the other hand, the growth trend of natural gas and oil production until 2012 crossed 53.4 billion barrels. The continent also controlled approximately 53.9% of the world’s total Diamond resources, which is a considerable contribution if we see it from a global perspective.
In the case of the Democratic Republic of Congo, the country alone accounted for around 58% of the world’s total Cobalt production for the electronic segment. On the other hand, South Africa constituted 59.6% of the world’s total Platinum production in 2016 for catalytic converters and other applications. Jean-Claude Kabongo believes that this growth is notable from an economic perspective because it can give rise to several significant investing opportunities. Therefore, by actively investing to add value to these commodities, there are massive investment opportunities to contribute to the global scenario in the coming decades.
Emerging domestic developments
Jean-Claude Kabongo strongly believes that Africa is a land of great opportunities for businesses looking forward to growing in a prosperous environment. The latest emerging and domestic developments actively engage Africa’s economic environment concerning the transformation agenda. These developments primarily include improvements concerning macroeconomic performance and over all governments in the leading countries.
For example, he cites that the 2017 Ibrahim index of African governance shows that the overall governance index showed a significant improvement by the annual rate of 1.4 %. This improvement has shown a growth of 5% compared to 12 other countries, including Rwanda, Ethiopia, and Tunisia. It is a growth prospect that can significantly help many other countries to mitigate and deal with any perceived risk concerning investments in Africa, let alone the case of the Democratic Republic of Congo.
The African governments have been significantly working towards developing a positive trend to attract maximum foreign investments. However, Jean-Claude Kabongo also believes that these steps must necessarily include the elimination of corruption, improvement in safety and security, working towards the betterment of the macroeconomic environment, and introducing better investment opportunities in quality education and skill development. Therefore, there is a long way to go for any investment opportunity in Africa, and we see it as a bright future of comprehensive and sustainable growth.
Final takeaway
In conclusion, Jean-Claude Kabongo has a comprehensive vision for investment opportunities available in the African subcontinent and other related regions with great scope for growth and development. As a financer and business enthusiast, he has always been a prominent personality with excellent knowledge and a deep understanding of how markets work and where it is ideal for searching for better investment opportunities.
Therefore, it becomes necessary for such an eminent figure to have fluence with people who look up to him as an ideal. It is also the reason he is so popular among the residents as a personality and a politician for the role he serves. He is not only a famous personality but also a public figure with significant influence over the masses. Therefore, it would not be wrong to say that his thoughts on investing in Africa stand out.
Meta description: Central African Diplomat Jean-Claude Kabongo is on a mission to bring prosperity back to Africa. Read how a man of the people has such a great vision for the country!.
Jean-Claude Kabongo is a prominent business financer and investor serving as a chief advisor to the Democratic Republic of Congo president. He is not just known for his vast knowledge and understanding of the economy and market but also for his perspective on investment as a strategy.
In this article, we will deeply contemplate and try to understand his perspectives, thoughts, and opinions on investing in Africa and why it is a wise decision. We will also look at the reasons behind thoughts on investing in Africa and get insights into why it is such a growing market for investment purposes, whether from a political or economic perspective.
Reasons for the expanding investment projects in Africa
Jean-Claude Kabongo and other associates have increased interest in expanding investment projects across Africa. This interest is a consequence of different reasons investing in Africa is a wise choice. The business tycoon and finances have been a prominent personality in the eyes of local people, which has made him an ideal. Here are a few reasons why according to him, investing in Africa is a long-term corporate strategy and a sound business decision –
Most profitable regions across the globe
As a businessman and financier, Jean-Claude Kabongo has always had a keen eye for the best opportunities. When it comes to financial matters and investing in large-scale projects, he is a total genius. We are saying this because he sees great potential in the African markets. After all, it has some of the most prosperous regions globally. According to a report released by the United Nations Conference on Trade and Development, Africa has been the continent to show the highest rate of return on the inflow of foreign direct investments at 11.4%. It is far better than other continents such as Asia, which stood at a growth rate of 9.1 %, Latin America and the Caribbean at 8.9 %, with a global figure of 7.1 %.
In one of his recent interviews, he gave a few examples of companies that have been able to generate great prophets in Africa. The figure stands at 33.2 billion dollars while the entire south-eastern over stood at 10 billion dollars. These factors drive Africa’s total profit process making it an ideal place for European North American countries to invest. The Democratic Republic of Congo does not remain an exception, in this case, all thanks to great minds like Jean-Claude Kabongo!
Great economy growth prospects
Jean-Claude Kabongo also sees Africa as a land full of significant economic growth prospects for any project. He recognizes it as 6 of the world’s 12 fastest growing countries compared to other nations: Ethiopia, the Democratic Republic of Congo, Tanzania, Rwanda, Mozambique, and Côte d’Ivoire. In addition to this, Africa’s growth prospects have been the highest between 2017 and 2021, making it among the highest growing economies in the world, as per various reports. The good news is that telecommunication and infrastructure work to mean factors that drove the existing economic growth even in sectors where foreign companies would have gained a significant advantage.
Adding to this information, Jean-Claude Kabongo also states that many other factors, including banking, manufacturing, Food, and Agriculture, show a promising future for the markets to grow substantially in terms of investment opportunities for foreign businesses. Since these are important pillars for any economy, there is an excellent scope for better opportunities in market capitalization and rate of returns from a business perspective. Therefore, he sees these sectors as an emerging investment opportunity.
Growing youthful population
Africa is also the home to excellent prospects for a youthful population, constituting a relatively challenging market for any business looking forward to investing here. The continent’s total population is predicted to cross 4.39 billion by the next century. If we go back to 2015, around 200 million Africans entered the consumer food segment, which maximized the overall market size for active participants. Therefore, Africa’s promising and growing youthful population can play a critical role in looking forward to investment opportunities in the continent from a financial perspective. Jean-Claude Kabongo strongly believes that it is necessary to understand the importance of this opportunity to enable sustainable and prosperous development opportunities for several countries interested in looking for better cross-border investment options.
Abundant labour
Jean-Claude Kabongo strongly believes that Africa is a great place to discover the potential of abundant labour. This constitutes one of the region’s highest labour intensive and industrialized areas, which leaves an excellent opportunity for businesses to invest in highly skilled and abundant labour. Moreover, all this comes at relatively lower production and hiring costs, which can also provide better benefits that far outweigh the cost of managing business operations in the continent.
If we look at the hourly wage in Africa, it stands at 50 cents compared to $10.49 in the United Kingdom. $ 7.25 in the United States and $ 6.57 in Japan. Based on these details, we can conclude that engaging more corporate entities can help raise the hourly wage rates in Africa and improve the overall labour market efficiency. It can also help generate additional resources for the abundant labour available on the continent, including the population left behind the restricted age criteria.
Large deposits of natural resources
Jean-Claude Kabongo believes that the African subcontinent can serve as a gold mine for large deposits of numerous natural resources. It has large deposits of these natural resources that promise a bright future that possibly contributes to developing valuable supply chains for many industries. If we go deeper into the topic, it becomes evident that agriculture and other extractive sectors significantly contribute to the value chain’s national, regional and global levels. Africa is home to approximately 60% of the world’s total uncultivated land.
The continent managed to produce around 13% of the Global Oil in 2015. On the other hand, the growth trend of natural gas and oil production until 2012 crossed 53.4 billion barrels. The continent also controlled approximately 53.9% of the world’s total Diamond resources, which is a considerable contribution if we see it from a global perspective.
In the case of the Democratic Republic of Congo, the country alone accounted for around 58% of the world’s total Cobalt production for the electronic segment. On the other hand, South Africa constituted 59.6% of the world’s total Platinum production in 2016 for catalytic converters and other applications. Jean-Claude Kabongo believes that this growth is notable from an economic perspective because it can give rise to several significant investing opportunities. Therefore, by actively investing to add value to these commodities, there are massive investment opportunities to contribute to the global scenario in the coming decades.
Emerging domestic developments
Jean-Claude Kabongo strongly believes that Africa is a land of great opportunities for businesses looking forward to growing in a prosperous environment. The latest emerging and domestic developments actively engage Africa’s economic environment concerning the transformation agenda. These developments primarily include improvements concerning macroeconomic performance and over all governments in the leading countries.
For example, he cites that the 2017 Ibrahim index of African governance shows that the overall governance index showed a significant improvement by the annual rate of 1.4 %. This improvement has shown a growth of 5% compared to 12 other countries, including Rwanda, Ethiopia, and Tunisia. It is a growth prospect that can significantly help many other countries to mitigate and deal with any perceived risk concerning investments in Africa, let alone the case of the Democratic Republic of Congo.
The African governments have been significantly working towards developing a positive trend to attract maximum foreign investments. However, Jean-Claude Kabongo also believes that these steps must necessarily include the elimination of corruption, improvement in safety and security, working towards the betterment of the macroeconomic environment, and introducing better investment opportunities in quality education and skill development. Therefore, there is a long way to go for any investment opportunity in Africa, and we see it as a bright future of comprehensive and sustainable growth.
Final takeaway
In conclusion, Jean-Claude Kabongo has a comprehensive vision for investment opportunities available in the African subcontinent and other related regions with great scope for growth and development. As a financer and business enthusiast, he has always been a prominent personality with excellent knowledge and a deep understanding of how markets work and where it is ideal for searching for better investment opportunities.
Therefore, it becomes necessary for such an eminent figure to have fluence with people who look up to him as an ideal. It is also the reason he is so popular among the residents as a personality and a politician for the role he serves. He is not only a famous personality but also a public figure with significant influence over the masses. Therefore, it would not be wrong to say that his thoughts on investing in Africa stand out.
Meta description: Central African Diplomat Jean-Claude Kabongo is on a mission to bring prosperity back to Africa. Read how a man of the people has such a great vision for the country!.