Competitive market building in Africa

Author: danielsilke, James Kirk (yBC.tv)

Categories: Africa, Investment
Tags: competition, competitive market, Nigeria, population
A competitive market is growing in Africa with more domestic and international investment in the African hotel industry. Competition, as Daniel Silke says in this TV show, is the buzzword of the future in Africa.

More competitive market in Africa

You know when you look at the big long term trends in Africa, when you look at the population explosion that’s going to hit this continent over the course, it’s already done so, and it’ll continue to mushroom over the course of the next 50/60 years. I mean if Nigeria is going to have a population by 2100 of just under a billion people, and that’s what the current United Nations projection shows, 960 million people in Nigeria. It’s not just African domestic investment that will be looking at this continent. It clearly will be from outside and from overseas and western and other interests as well. So I think we’re going to see a combination here of where the investment is going to come from on the continent. And I think there’s going to be competition. I think the big buzzword of the future, frankly, is going to be in competition, African companies, local investment houses, local brands moving into Africa, domestic brands moving into Africa and of course being met by the competition from outside as the outsiders see the domestic environment on the continent becoming a lot more heated, a lot more exciting. So it’s going to be a real mix. There’s going to be a bun fight in future. And frankly, from a business point of view, whether you’re talking about the hospitality industry or any industry, to me, competition and a competitive planet in every single respect is going to be the business buzzword of the future.   The Hospitality TV Channel will continue to follow the issues competitive markets. Why not watch more videos from Daniel Silke?    
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