Different stories from Africa - a discussion by Healy Consultants
09 November, 2015
Countries from Africa are a prime example of how two countries can be both similar and yet different at the same time. With this article we will compare Ethiopia and Niger, two similarly sized countries not far from each other that do not share the same business climate, as many would expect.
Ethiopia is a great example of a success story
The country's infrastructure has boomed over the past three years and the country is aiming to build the biggest airport in Africa in the Addis Ababa area. This project aims to push the country even further as a regional power with an airport bigger than London's Heathrow. The expected capacity of the new structure is about 90 million passengers per year. This US$4 billion project is however not the biggest in the past years as it is surpassed by the US$4.8 billion Grand Ethiopian Renaissance Dam.
The introduction of this massive airport will lead to the creation of many new business opportunities in Ethiopia. Currently, tourism brings US$2.9 billion, but the tourism ministry aims to triple the annual number of foreign visitors by 2020.
Niger's focus is on uranium production
Often neglected by foreign media, which focus on its big brother Nigeria (expected to become the largest economy in Africa), Niger is predominantly relying on natural resources to sustain its economy. Being the fifth largest producer of Uranium in the Worldm the country is targeted by today's large countries looking to take control of the precious ore.
For example, China's investment in Niger increased 84% in 2015. Powerful foreign interests drive regions like Azelik in Niger where mining is the main source of income.
However, foreign investors are not focusing their support to Niger, where the healthcare and education infrastructures are notably non-existent. Healy Consultants advises foreign investors to increase their coverage of different business niches in Niger in order to boost the overall economy of a potentially growing nation.
About Healy Consultants
Healy Consultants Pte Ltd., provides a comprehensive range of Africa business services and have been assisting investors worldwide to set up the optimum structure in Ethiopia or Niger for many years. The services offered include company registration, banking solutions, accounting and tax and legal services and corporate support services.
To inquire more about US company setup options and schedule a conference call, email us at email@healyconsultants or call us on +65 6735 0120
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