Browsing: africa means business

African map

The African continent is wealthy with vast mineral resources, which are 30% of the world’s total mineral reserves. Ninety percent of the world’s platinum and chromium reserves are found in Africa.

Sixty percent of the world’s arable land is located in Africa, which spells much potential for agriculture. Africa also boasts of many tourist attractions, including the majestic Victoria Falls, World Heritage Sites such as the Egyptian pyramids, as well as the numerous game reserves, to mention a few. This is in addition to the rich African culture as well as the diverse ethnic groups with over 1500 languages. It is the world’s second-largest and second most-populous continent. 

Despite lying on a rich bed of resources, both natural and human, the narrative about Africa remains that of the poorest of the poor. 

Changing the narrative

For a long time, the narrative of Africa as an impoverished continent has

AU emblem

Ten African heads of state and government, as well as the president of the African Development Bank, were handed awards for their instrumental role in the realization of the African continental free trade area. 

“As Africans, we are proud of the extraordinary effort made by our leaders towards the success of the AfCFTA.” Hailemariam Boshe, former Prime Minister of Ethiopia and Ae Group Patron

A consortium of African stakeholders banded together to show acknowledgment for the efforts undertakes towards realizing Africa’s dream. The stakeholders included AeTrade Group in collaboration with the African Union Commission, the African Business Council, the Pan African Chamber of Commerce and Industry, the Federation of West African Chambers of Commerce and Industry, and the East African Chamber of Commerce, Industry, and Agriculture.

The heads of state that received recognition included:

  • Felix Tshisekedi, president of the Democratic Republic of Congo 
  • Egyptian President Ahmed Fattah Al-Sisi; 
  • His Majesty
Africa's luxury market

A few months ago, Zimbabwe lost a prominent young businessman Genius Kadungure popularly known as Ginimbi. His fame came not from his business endeavors but rather his larger than life lifestyle. In his rural home of Domboshava, he built a mansion that could easily be confused for a hotel. His fleet of cars comprised of several Rolls Royce models, a few Bentley’s, Lamborghini Aventador S Coupe a Ferrari 488 Spider, a few Mercs, and a couple of  Range Rover models. He certainly had an affinity for the finer things in life.

He was not alone. In May 2020, South African Thabiso Ndlovu caused a furor on Twitter when he posted a video of 5 luxury vehicles he purchased at one go including three porches,  a Jeep, and a Lamborghini Iris SUV. 

Kenyan Chris Kirubis is another business mogul who made the headlines on several occasions for his preference for luxury