The African continent is literally a giant. Population, GDP of many countries, size of families, the quantities of rare earths, raw materials, everywhere the development is positive. But also power outages, violent crime, number of crimes per 100000 inhabitants, unfortunately, in this respect the figures are also in the plus! Fortunately, not in all countries, there are also still quite safe countries, such as Namibia, Egypt, Gambia and Eritrea. There the chances for a significant improvement of the situation are extremely promising and if the right course is set there, the expectations of the Africa experts for the population and the GDP of the countries are rosy.
FIVE AFRICAN COUNTRIES WITH THE LARGEST POPULATION AND A CORRESPONDINGLY LARGE DEMAND FOR PRODUCTS OF SHORT, MEDIUM & LONG TERM NEED :
(2020 figures, rounded up in each case):
Such large (and further population growth!) populations also require a correspondingly rapid satisfaction of demand for products of all kinds. Thus, manufacturers of luxury goods and branded articles can also report an ever-increasing demand for their original products from the boom centers on the Black Continent. Africa is therefore becoming increasingly interesting for investors and retailers. In many countries in Africa, there is a growing middle class with an increasing propensity to consume, which in terms of lifestyle almost corresponds to the majority of the population in Europe or Canada.
RELIABLE INFORMATION ON TAXES AND GOVERNMENT SUPPORT MEASURES – THIS IS WHERE AN INTERNATIONAL CONSULTING TEAM OF EXPERTS FROM MANY SECTORS COMES INTO PLAY
https://africainvestco.com/ (AIC) is an interesting company, e.g. for investors of all industries who want to bring investments to Africa. Africa is a dynamically growing continent with numerous suppliers of raw materials of all kinds, and 80% of all rare earths are found on the African continent. It is also interesting that the population in some countries has almost the same purchasing power as in Europe – more and more want good brands and they want them now!
AFRICA’S HUNGER FOR ENERGY IS GROWING – RELIABLE, ECONOMICAL AND, AS FAR AS POSSIBLE, ENVIRONMENTALLY FRIENDLY PRODUCTION OF ENERGY IS OF SIGNIFICANT IMPORTANCE FOR THE DEVELOPMENT OF AFRICAN COUNTRIES
Let’s choose energy production as a high-growth example sector, because all countries on the continent have an ever-increasing hunger for energy. If we look at Africa as a market, we notice that the hunger for energy has increased dynamically in all countries on the continent over the last 20 years. Many countries on the black continent experience power outages on a daily basis; surprisingly, the situation in comparatively developed South Africa, for example, has become very negative in this regard. Whereas 20 years ago there were only occasional and only locally brief power outages in Cape Town, Durban or Johannesburg, daily power rationing is the order of the day. For example, various districts in all major South African cities have their own ‚power delivery schedules‘ so that the population can prepare for daily power outages.
MOST POWER OUTAGES IN AFRICA CURRENTLY OCCUR IN SOUTH AFRICA
How is it then that comparatively prosperous South Africa suffers from constant power outages or even power cuts? The population of all major South African cities has increased sharply, and more and more people have fled or moved to what is rightly described as prosperous South Africa. At the same time, for decades, hardly any money was spent by city councils or even ministries for coordinating infrastructure to adapt the ailing infrastructure to the growing demand for electricity. It can therefore be assumed that the situation in RSA will continue to deteriorate in the coming years. Those responsible have yet to take countermeasures, and with them an improvement in the incomes of the poor or lower middle class. The higher the income of the people in South Africa, the more the wealthy classes have adjusted to the permanent power deficits. Diesel generators, wind turbines and/or solar panels supply entire better-off sections of the population in their neighborhoods or apartment blocks or luxury villas with security guards and the corresponding infrastructure.
GREEN ENERGY FOR AFRICA – A HUGE POTENTIAL FOR POTENTIAL INVESTORS
Dipl. Ing. Peter Weissferdt is considered a specialist for Africa and environmentally friendly energy & power supply Here is a great potential for potential investors from the field of energy and environmental management. Exactly for this potential target group www.africainvestco.com offers its services. The company has with the German environmental engineer Peter Weissferdt one of the most profiled and experienced experts in the energy sector and so the government of any country can access the concentrated know-how of more than 40 years of environmentally friendly energy and environmental technology through africainvestco.com. Peter has delivered the installation and grid connection of more than 3000 (!) wind, solar and biogas plants including grid connection up to 400kV. He was also the lead engineer for a 300MW offshore wind power plant in the North Sea.
As an example of his know-how, please see the following concept, developed by Dipl. Ing. Peter Weissferdt:
INVESTMENTS IN GREEN ENERGIES ALSO IN GAMBIA
Dipl. Ing. Peter Weissferdt with more than 40 years of experience as leading engineer for various worldwide projects of power and energy generation was also the initiator and responsible engineer for the installation of a 1.25 MW wind power and 1 MW PV solar plant in Gambia (under the control of AIC).
Because even in the smallest country in Africa, The Gambia, there are permanent power outages, often for only a few minutes, but also for several hours on other days. In order to provide a continuous power supply that is largely independent of the local utility NAWEC, a number of investors have come together to significantly improve the energy supply in parts of the country.
More information in the interview with South African TV:
MR. WEISSFERDT’S LODGE HAD A HIGH OCCUPANCY RATE UNTIL IT WAS SOLD, WAS A MAGNET FOR ENVIRONMENTALLY CONSCIOUS GAMBIAN TRAVELERS PRECISELY BECAUSE OF ITS ECO-FRIENDLY DESIGN
The experienced environmental engineer created an eco-friendly, upscale lodge in The Gambia about 20 years ago and has made it virtually self-sufficient with wind and solar power (including bio-power plants in the future). He says:
‚Many countries in Africa are blessed with over 300 days of sunshine a year and have stretches of coastline or mountains with decent winds suitable for wind turbines. No tree needs to be cut down in the process; we place great emphasis on sustainable power generation.‚
THE DEVASTATING ENERGY SITUATION IN SOUTH AFRICA SURPRISES VACATIONERS AND RESIDENTS ALIKE
South Africa’s precarious energy supply situation is surprising because the country has been a longing destination for many wealthy Britons and mainland Europeans for centuries. But other countries are also affected by permanent power shortages, and unfortunately this is true for almost all countries in Africa. The African continent has all the resources, including huge mountains of plastic waste, to eliminate the power shortage once and for all. Modern waste-to-energy plants with appropriate filter technology could economically put an end to the blackouts of the power supply in Africa, which often uses diesel generators, and effectively stem the tide of plastic…
PERHAPS SOUTH AFRICA SHOULD LET SOMEONE INTO THE COUNTRY TO TAKE ON THE PROBLEMS IN THE ENERGY SECTOR
According to environmental experts, https://africainvestco.com/ is an innovative consulting pool of specialists in the energy sector and can therefore offer viable and profitable energy supply solutions for any country in Africa that could lead to an energy flow without bottlenecks, not just on paper. In doing so, the consultancy’s environmental experts ensure the most environmentally friendly solution in each case. Thus AIC environmental expert Mr Fabala says: „We will not follow the nonsense in Germany! We will not cut down trees to build wind farms!“
FOCUS ON INVESTOR CONSULTING AND PROJECT SUPPORT
https://africainvestco.com/ has various offices on the African continent to inform investors from all sectors about lucrative and interesting investment opportunities on the black continent. As an example, I would like to single out the tourism industry, because in many countries in Africa, tourism is still not among the top ten gross domestic products of any country.
RAISING STAR – WILL ERITREA INVEST MASSIVELY IN TOURISM IN THE FUTURE?
A country like the rather unknown Eritrea is very exciting in this respect. The government in Asmara plans to massively promote tourism in the small country in East Africa with 1100 km of coastline on the Red Sea by 2030. So far, hardly any Europeans or tourists from the usual countries of origin come to Eritrea, a small terra incognito that is rather unknown to Europeans. That is likely to change gradually. The country also has the potential to attract travelers, and its 1100 km coastline on the Red Sea in particular is certainly spectacular in terms of development potential.
ERITREA WITH IT’S CLEAN CAPITAL ASMARA: A POTENTIALLY EXCITING DESTINATION WITH 1100 KM OF RED SEA COASTLINE AND 350 ISLANDS IS EMERGING IN EAST AFRICA
If the rumors are true, the small country of Eritrea is set to become a real force in Africa’s tourism industry. The country is considered clean, orderly and safe. Even the capital, Asmara, looks downright clean compared to many urban centers on the black continent. And it seems to be one of the safest capitals on the continent…
SUCCESSFUL EXAMPLE IN THE AFRICA TOURISM: EGYPT – 16 MILLION PEOPLE WORK DIRECTLY OR INDIRECTLY IN TOURISM THERE
While Egypt derives about 12% of its gross domestic product from tourism and 4 million people work directly in Egypt’s travel industry, another 12 million Egyptians are indirectly employed in tourism. Thus, the travel industry plays a key role in Egypt. This example gives an idea of the importance the travel industry can have in countries on the Black Continent.
TUNISIA HAS ALSO BEEN A SUCCESSFUL DESTINATION FOR EUROPEAN TOURISTS FOR DECADES
Before the outbreak of the Corona pandemic in 2019, it accounted for 2.40 billion euros, or 6.4 percent of gross national product. Tunisia had developed a higher dependence on the volatile tourism industry in the past, which is also evident in 2020, with nearly 10,000,000 arrivals to Tunisia in 2019, but only around 2 million in 2020. This represents a massive drop in the influx of vacationers, investment and foreign currency. Nevertheless, Tunisia can be used as a positive example; like Egypt, there are numerous direct flights to both countries from major tourist source countries in Europe.
CAN ERITREA IN EAST AFRICA FOLLOW THE SUCCESSFUL VACATION DESTINATIONS IN NORTH AFRICA?
Almost certainly yes. Experts from the tourism industry here recommend unique points of attraction in discussions already taking place with potential investors in tourism, for example, Eritrea has a spectacular railroad line in the mountains of East Africa, which are up to 3300 meters high. The 1100 km coastline along the Red Sea promises the establishment of magnificent beach hotels, fantastic diving and water sports areas. Among other things, the country has the Dahlak Archipelago, some 350 islands in the Red Sea, which also promise great potential in ecotourism.
DESPITE ALL THE EUPHORIA, EXPERTS FROM TOURISM CONSULTANCY COMPANIES ADVISE PLANNING THE NEWCOMER’S TOURISM CAREFULLY & INTEGRATING ENVIRONMENTAL PROTECTION INTO ALL PLANNING PROCESSES RIGHT FROM THE START
It is important for serious consultants to develop the potentially promising tourism industry in the most environmentally friendly way possible, because tourist flows will also be interested in the environmental friendliness of hotels and regions in the future. Thus, we advise future decision-makers in Eritrea’s tourism to pay attention to high-quality wastewater treatment, waste separation and waste processing in waste incineration plants with appropriate filter technology.
The possible shooting star Eritrea could become a role model in environmentally friendly tourism in the African competition for vacationers from the very beginning and thus get very positive media coverage. Eritrea as Africa’s No. 1 ecological paradise, for example. It could even succeed in developing the first plastic bottle deposit system in Africa in Eritrea. All this brings the country positively in the media – and thus to a sought-after Africa destinantion.
EGYPT NOW CITED AS BLUEPRINT FOR ERITREAN AMBITIONS
As mentioned earlier, Egypt generates about 12% of its GDP from tourism; there are about 4 million people directly employed in Egypt’s travel industry. Another 12 million Egyptians are indirectly employed in tourism.
Thus, tourism plays a key role in Egypt. The higher the share of income from tourism of the gross domestic product of a country like Egypt, the higher the dependence in this volatile industry. When there were some terrorist attacks in Egypt ten or 15 years ago, the country was slow to recover from the subsequent decline in booking numbers. In general, the issue of security is of significant importance for a travel destination and here Egypt definitely has a considerable standing, it is considered one of the safe travel destinations on the continent in 2023.
TUNISIA HAS ALSO BEEN A SUCCESSFUL DESTINATION FOR EUROPEAN TOURISTS FOR DECADES:
Once again, we should refer to Tunisia: before the outbreak of the Corona pandemic in 2020, its turnover was 2.40 billion euros, accounting for 6.4 percent of the gross national product. Tunisia had developed a higher dependence on the volatile tourism industry in the past, which is also evident in 2020: nearly 10,000,000 arrivals came to Tunisia in 2019, but only around 2 million in 2020. This represents a massive drop in the influx of vacationers, investment and foreign currency. Nevertheless, Tunisia can be used as a positive example; like Egypt, there are numerous direct flights to both countries from major tourist origin countries in Europe.
TRAVEL INDUSTRY EXPERTS ADVISE ASMARA TO POSITION ERITREA FOR THE FUTURE WITH UNIQUE SELLING POINTS THAT ARE AS ENVIRONMENTALLY FRIENDLY AS POSSIBLE RIGHT FROM THE START
The future of the travel industry will focus much more on environmental issues. In this context, it is important for serious consultants to develop the potentially promising tourism industry in the most environmentally friendly way possible, because tourist flows in the future will also be interested in the environmental friendliness of hotels and regions. Thus, we advise future investors in Eritrea’s tourism to pay attention to qualitatively sound wastewater treatment, waste separation and waste processing in waste incineration plants with appropriate filter technology. The country could thus receive an environmental award and thus come into the media in a considerably positive way, as the ecological paradise of Africa No. 1, for example. Eritrea could even succeed in developing Africa’s first plastic bottle deposit system.
PENT-UP DEMAND IN AFRICA FOR ALL PRODUCTS AND SERVICES HIGH – EVEN FOR LOCAL VACATION PACKAGES
What is particularly surprising for Europeans when they travel to Africa is how many products are exported to Africa from Europe, the Middle East or even India. This should actually be the end of it, and this is where development experts such as the company Africainvestco.com see the greatest potential for noticeable development of entire countries and regions through the establishment and installation of their own production processes.
Of course, investors from the food industry, the clothing industry or even the vehicle industry could also produce in Africa and thus bring knowledge and skilled workers to Africa.
According to the experts at https://africainvestco.com/, this is done far too little, and this is precisely where we come in with our consulting services. We want to bring investment to Africa and improve the optimum situation for markets, populations and investors alike. The countries of Africa have the great advantage of being able to satisfy a huge potential of untapped vacation desires. The middle-class African who likes to travel travels less than Europeans do. At the same time, Africans are certainly keen consumers.
Flight offers or target group oriented Africa offers are characterized by a high occupancy rate, provided that the marketing of the hotels and agencies addresses the potential Africans correctly!
AN INTERVIEW WITH AN AFRICA EXPERT GIVES OUTLOOK ON GROWTH MARKETS IN AFRICA UNTIL 2030:
What insiders have known for a long time: „Producing in Africa means reducing poverty and significantly reducing dependence on suppliers and foreign exchange.“ Now we have managed to meet Mr. Dennis Elverir, the enterprising CEO of https://africainvestco.com/, for an interview.
1) Oliver Gaebe, www.bellacoola.de:
„Mr. Elverir, you are the head of the Africa office of https://africainvestco.com/, grew up in Finland, lived in London and are now successfully active in Africa with your consulting company. What is your experience on the black continent and how long have you been working in Africa?“
Dennis Elverir, https://africainvestco.com/
Nods in agreement. „What was for me the really crucial aspect why I went to Africa with a large network of experts from all sectors, were some trips to different countries on the continent and in all countries there were comparable situations:
A growing population wants to have the prosperity from America or Europe, which is conveyed through the media, at home as well. Thus, the demand for brands and products of short-term, medium-term and long-term needs has been increasing for years and is growing more or less depending on the country. Own production lines of various goods hardly exist in Africa, or if they do, they do not produce competitively or are in the hands of the large consumer goods industries. Whether energy supply and infrastructure projects, tourism development or the production of goods, not only a huge consumer market exists or is emerging on the African continent, but also an exciting opportunity for investors of all disciplines. This is where we come in and aim to contribute to Africa’s progress, while also advising and protecting potential entrepreneurs from bad investments…“
„In your opinion, which country on the African continent presents the greatest market opportunity for investors and in which countries is the potential for immediate return on investment the highest?“
CEO AIC Mr. Dennis Elverir:
Dennis laughs at this question: „The potential is very large in every country on the African continent and there are already well-developed economies with a growing middle class. With a GDP per capita of almost US$15,000, the Seychelles is one of Africa’s tiger economies and also one of the most expensive countries on the continent, followed by Gabon with 9.4 TSD GDP/capita and Mauritius with 8.8 TSD GDP/capita. The relatively rich South Africa has „only“ a GDP of 6.9 TSD US dollars. In all these countries, there is already a middle class that demands goods and commodities from international brands. Countries like Botswana, Namibia or Swaziland (now Eswatini) are also in the top 10, and the dream of most Africans is to own a car and modern means of communication, and even vacation travel is becoming more and more interesting for Africans with astonishingly high purchasing power. Already, many Africans, for example from Senegal, travel to neighboring countries like The Gambia, but wealthy Africans from Sierra Leone also come to The Gambia by plane. These are then vacation trips for three to five days, but … there is a huge mountain of demand growing for local vacation packages. In a few words, a conclusion can be drawn: More and more Africans want to live like Europeans, Canadians or Americans. In all countries, smart investors can make a lot of money and expect a fast ROI. On the other hand … there is a trap if you think about having the law on your side. Not in all countries you find support in case of trouble.“
„Let’s talk about the gaps in energy supply on the continent, how could investors plan for a high return immediately and quickly, and what is the general state of legal certainty for investments in Africa?“
CEO AIC Mr. Dennis Elverir:
„In fact, every country on the African continent is affected by this, and it is also an ideal investment area. Even in South Africa, which is rich by international standards, there are constant power outages. In Cape Town, residents are harassed with electricity schedules. One of our consultants lived in South Africa for a few years and never had that 20 years ago, that there is no electricity for hours in Cape Town. There, people obviously slept through investing in the infrastructure and the growing demand for energy. This is true for every country in Africa. Even here in The Gambia, there are always temporary power outages. Unfortunately, every country on the black continent is an optimal field of activity for investors in (green!) energy production.
According to international experts, environmentally friendly energy production will become much more important. Here we can act as a mediator between governments, local utilities and investors to negotiate an optimal deal for all parties. In this way, we can improve Africa’s energy supply and create a lucrative environment for investors with a high return in the long term.“
„There are still many countries on the African continent where there is little or no investment in tourism and which also have a correspondingly underdeveloped infrastructure. What advice do you have for potentially interested investors regarding these countries?“
CEO AIC Mr. Dennis Elverir:
„Indeed! While many African countries have been able to generate a significant portion of their GDP from tourism for decades, other countries have yet to discover international tourism as a source of revenue or have never seriously knocked it. Here, as Africa Investment Consultants, we see immense potential for broader prosperity for often very poor populations. While countries like South Africa, Kenya or even Tanzania are on top for years and the most famous islands Mauritius as one of the safest destinations in Africa and the Seychelles or the Comoros can score with the most beautiful white beaches, the often beautiful nature in countries like Guinea Bassau or the Congo is not used to bring tourists into the country and thus contribute to a better employment rate of the population and above all directly attract investments into the country. Tourism can even protect the environment from deforestation and tree cutting.
The poorest country, with a GDP of $681, is the Central African Republic, which would definitely have what it takes to make money from tourism if there were better infrastructural links to various attractions and cities. This is also true for the second poorest country by GDP of US$785 per capita per year, the People’s Republic of Congo. Fantastic landscapes and sights and rainforests could boost tourism if the infrastructure and also the security situation were improved.
This also applies to Eritrea, which has already been mentioned several times and which has now apparently decided to make a 180-degree turnaround and open the door to tourism and vacationers. The country is considered a beacon of hope in the vacation industry because it is relatively clean and safe, and with 1100 km of coastline on the Red Sea and its 350 islands, it has an insanely large potential in the tourism industry. There could be 100000 jobs created here and we as a consulting firm see the country of Eritrea as the newcomer of the decade in economic development.“
„Let’s talk about my favorite sector, the tourism industry. In which countries in Africa do you see the greatest market potential for investors from the hotel or travel industry?“
CEO AIC Mr. Dennis Elverir:
„I have already shown more or less exactly in which countries the greatest economic growth can be expected if the tourism industry and the visa regulations are adapted to the framework conditions. In many countries on the African continent, Europeans require expensive and cumbersome visas. Sierra Leone can be cited as an example. While the country experienced a heyday of tourism until the civil war about 30 years ago, some of the Atlantic coastline in Sierra Leone is breathtakingly beautiful. The country also has real rainforests inland, so not only the British but also the European market could be opened up to Sierra Leone. However, various restrictions stand in the way, including an expensive visa and proof of a yellow fever vaccination. Morocco or Tunisia, for example, are quite easy to enter, a passport is sufficient and Europeans are granted a three-month residence status. The tiny Gambia is kind of in between, Europeans get a one-month residency status upon entry, but there is an entry and exit fee, currently about $20, probably $25 starting in May. This is not necessarily conducive to the development of tourism here.
As a consulting firm, we recommend that governments and tourism ministries make the entry process as easy and inexpensive as possible for Europeans. Currently, the country with the most favorable entry conditions in the world is the small country of Georgia, where Europeans are granted a residence status for one year from the moment of entry without a visa. Thus, the small country of Georgia attracts immense amounts of money and also investors to the Black Sea coast, quite clever!
I currently see the greatest potential in the East African country of Eritrea and – probably also Algeria. If the framework conditions for opening up the country are created here and tour operators and airlines also do justice to the new number one tourist growth country, millions of international vacationers could be vacationing on the Red Sea every year by 2030. We are already in talks with some investors from the tourism industry who are just waiting to get started. We are very excited to see how this small country will position itself in the international competition.“
„We already talked about one of the most unknown countries in the world in our first preliminary meeting: Eritrea. As an Africa expert, how do you see the chances for investors to expect a rapid ROI in this country?“
CEO AIC Mr. Dennis Elverir:
„I have already described and mentioned this in more detail. If Eritrea succeeds in changing the framework for international tourism and attracting travel industry investors to the country, the travel industry could become extremely dynamic and possibly one of the five most important industries in the East African country. However, it is too early to talk about this; we are waiting for the talks between decision makers from the tourism industry and the government in Asmara. There’s no question that the security situation and cleanliness even in the capital are particularly appealing, and parts of the population speak English, so we give the country a chance to become one of the top ten tourist destinations in Africa by 2030.“
‚How do you assess the situation of Africa in 2030 and what will be top destinations on the continent in seven years in the tourism industry and also in other industries?‘
CEO AIC Mr. Dennis Elverir:
„At the moment, African island countries like Mauritius, Seychelles or even the small Cape Verde Islands are very well positioned in tourism and if we look at mainland destinations in Africa, not that much will change by 2030. South Africa will probably be on top at the end of the decade as well, followed by old vacation destinations like Kenya and Tanzania. The big question for me now is, which countries will suddenly become shooting stars in the tourism industry? Should the political framework suddenly simplify or the way be paved for direct investment, countries like Guinea Bassau or Eritrea could suddenly become a surprise in Africa’s tourism world.
In any case, we as a consulting company are in contact with essential decision makers of most countries and are available to interested investors, buyers of rare earths or agricultural products from Africa or even international hotel operators for further information. Algeria is also opening the gates for easy access to the North African Mediterranean littoral and much more tourism… Many countries will have their share of the huge pie called TOURISM INDUSTRY. There are many stars in the sky, but I think some will shine much brighter than others in the future. Smart decisions by governments will set the course – that’s where real diamonds can be developed on the continent…“
„Topic of agriculture and organic cultivation of nuts and fruits, will there be a lot of things to look forward to?“ According to dermatologists, African sesame seeds have a very high oil content and are considered to be very healthy. The velvety skin of some women stems, in part, from eating these delicious seeds….
CEO AIC Mr. Dennis Elverir:
„The topic of organic cultivation of fruits and nuts is also gaining momentum in Africa. Our agricultural subsidiary AIC is already there in discussion with many producers and see here also a very good source of income for agriculturally used areas, provided that also here on controversial products of the chemistry giants is renounced. We have a production line of nuts and sesame seeds and similar high-demand foods and are enthusiastic about the quality of the African products. Just a few days ago, we were able to ship several containers of purified organic sesame seeds to Turkey. I refer to the following interview in this regard:
„Mr. Elverir, thank you very much for the interview.“
Related interview with CEO AIC Mr. Dennis Elverir:
Who published this article?
The Bellacoola Filmproduction UG
Mr Oliver Gaebe,
Mr Niels Bartels,
Ms Isatou Camara
E-Mail: bellacoola-deliver (@) die-besten-bilder.de