Expand into Africa from China

Africa is one of the fastest-growing consumer markets globally. Consumer expenditure on the continent has grown at a compound annual rate of 3.9% since 2010, reaching $1.4 trillion in 2015. This figure is expected to reach $2.1 trillion by 2025 and $2.5 trillion by 2030.

If the Continental Free Trade Area (CFTA) is properly implemented in 2030, a single continental market for goods and services will be operational, offering corporations various entry points to the continent and a potential market of 1.7 billion people.

The continent's emerging economies offer promising prospects for expansion, fueled by rising affluence, population growth, urbanisation rates, and widespread access to the internet and mobile phones. By 2030, Nigeria, Kenya, and South Africa will emerge as some of the largest consumer markets globally.

As one of the fastest-growing markets, Africa is witnessing significant economic growth fueled by the development of various industries and sectors, including agriculture, telecommunications, banking, infrastructure, and oil and gas. While Africa's growth prospects are impressive, they vary from country to country and sector to sector.

With Africa's economy developing rapidly, there has been a significant shift from mining and agriculture to wholesale, retail commerce, tourism, and communication industries. The continent is transitioning from a traditional economy to a knowledge-based one, where digital technology, e-commerce, banking, and other services will soon play a major role.

China has emerged as Africa’s most significant economic partner in trade, investment, infrastructure financing, and aid. No other country has shown such breadth and depth of engagement in Africa as China.

The China-Africa relationship has been built on trade, which has led to increased economic and political collaborations between the two regions. With a growing population, Africa has an open-door policy for Chinese investors seeking to expand into Africa.

We created a white paper to equip Chinese businesses and investors interested in expanding business into Africa with the knowledge and strategic insights to navigate the vibrant and diverse African markets successfully.

This whitepaper provides insights into;

Trade opportunities in Africa: A detailed exploration of African markets, highlighting potential areas for investment and growth.
Key industries and sectors driving growth in Africa: An overview of the primary industries fueling economic development across the continent.
How to expand from China into Africa: A step-by-step guide on business expansion from China, offering strategic insights and practical knowledge to navigate the vibrant and diverse African markets successfully.
Challenges of Chinese investment in Africa: Analysis of potential obstacles and challenges that Chinese investors might encounter while expanding into African markets.

This white paper discusses the development initiatives and charts the future potential of cross-border trade between Africa and China. It particularly highlights how Klasha facilitates cross-border payments between the two regions.

To download the whitepaper and learn more, click here.