The continent of Africa is becoming more and more modern and attractive for business. However, it requires not only a purely business approach but also a humanitarian one – the speakers of the Forum Afryka-Europa Centralna explained, the investments that took place as part of the European Economic Congress.
The Forum Africa-Central Europe
During the Forum Africa-Central Europe, the speakers talked about the opportunities and challenges of investing in Africa.
Robert Zduńczyk from the Poland-East Africa Economic Foundation admitted that many entrepreneurs from Poland are not ready to start projects in Africa. There are many opportunities there, but there is a mental barrier.
“First of all, you have to start. When we start, as with any business project, there are problems. If we manage it properly, identify risks, take our time, gain knowledge, we will manage it. Of course, in Africa some things take longer,” he admitted.
The project in Tanzania
The speaker talked about the project implemented in Tanzania, in the Kilimanjaro region, involving several thousand farmers and milk processors, with the participation of Polish entrepreneurs. The project is going to finish in two years’ time.
“We want to involve local farmers in Tanzania to develop dairy production. This is an opportunity for the Polish business,” said Zduńczyk.
As he added, it is not only the implementation of a given project that counts in running a business in Africa but also cooperation with the local population, assistance in their development and acquiring new skills. In Africa, you have to combine your own business goals with local ones. By developing one’s own companies, one can simultaneously create a future there.
“Economic assumptions are not everything. Business development in Africa is more than just management by Excel.” he stressed.
Investments in Africa
Krzysztof Zamasz, a member of the board of Luma Holding, talked about his investments in Africa. As he mentioned, for the last year he worked in Rwanda, Congo, Uganda, Tanzania, and Kenya for an investment fund. Love for Africa appeared a few years ago when with Adam Mokrysz from Mokate company they said that they want to expand to Kenya and South Africa.
“Having a very comfortable life in Poland, I decided to prove to myself and my surroundings that being on the top is not everything. I went to the conference and became a metallurgist, I resigned from the metropolis and took an unpaid leave at the university of technology. In Rwanda, we bought a tin mill. We made a project together with a state-owned company,” the speaker recalled.
(Featured image by John-Mark Smith)
First published in wnp, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. B2I assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. B2I is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Could irrational exuberance be behind the bull market?
Is “irrational exuberance” back? Records keep getting broken. Maybe this time it is different. But Friday steadied the market with...
An investor strategy for millennial home buyers
The millennial generation has begun to return to the housing market as buyers. The prices of rental have finally become...
Biotechs: Is France giving itself the means to achieve its ambitions?
The Strategic Council for Health Industries is making plans to turn France into the number one destination for emerging biotech...
New newspaper, Our(s), takes the Auvergne-Rhône-Alpes by storm
InterMédia, the regional newspaper created by Jacques Simonet, unfortunately, disappeared in 2019. The problem is that the newspaper did not...
Bitcoin and the CNBC Pump: Is BTC the new gold?
External factors have had an outsized impact on the price of Bitcoin. In particular social media metrics, such as the...