There is no denying that today’s business world is a competitive one. In fact, it could be at the most competitive that it has ever been. This is especially true when it comes to the African business market.
With all the technology available today, it just seems like more and more businesses are coming up with more unique and creative ways to draw customers from the competition. As long as your business is creative and innovative you shouldn’t have a problem competing.
However, if you are unable to keep up it is highly likely that you might be forced to close your doors. Of course, this doesn’t mean that if you are struggling there aren’t ways to improve your business's chances.
All you have to do is apply that adage, “Lead by example.” Simply just take a look at the competition, do a little research on the business world, and see what your competitors are doing to keep things fresh. Just take a look at some of these remarkable African business stories.
African app could revolutionize the global beef demand
Anyone from Africa will tell you that cattle are a measure of wealth. However, it is not just a measure of wealth for farmers anymore. In fact, there is a new app available right now that allows investors to benefit from the rising global beef demand.
Investors can purchase shares of cows right from their mobile devices. This app might have not seemed like much when it launched back in 2015 with access to only 26 cows, but it has now grown into a massive business accomplishment.
The app now has over 2,000 cows and has generated more than $3 million in profits. Ten percent of these investors alone are coming with the Southern African region, which is more than impressive. There is no denying that big changes take place in the agriculture industry every year, but this app could be one that might stay for the foreseeable future. At least until something more innovative and streamlined comes along.
The African gambling industry
There is no denying that Africa is an emerging market when it comes to sports betting. Sites like real money pokies Australia are widely popular on the continent. However, this doesn’t mean that African doesn’t have its own deals in the works. And, that they do.
It was just recently announced that the multi-channel sports betting and casino platform Digitain are partnering with The Nigerian operator Westernbet. If this move is successful as it is predicted to be then the company could see its further growth take place right in the heart of Africa.
With this latest agreement, which is the largest this far, the company will see swift expansion continue throughout the continent. This is not to say that Westernbet won’t benefit from the deal as well because they certainly will. This is excellent news for Digitain, as it provides the best opportunity possible to enter the Nigerian market with unlimited potential. African is full of devoted football fans and there is an abundance of gamblers standing by ready to place bets with one of the world’s leading and most reliable sportsbooks like Westernbet.
Over the past couple of years, the multi-channel sportsbook and casino platform as grown throughout various markets like Europe and Asia. This continued success is only expected to increase as the company sweeps across Africa.
Unemployment figures rising to a new high
All the news above doesn’t mean all is well on the horizon. In fact, unemployment has reached its highest level in a decade in South Africa.
With the unemployment rate now at 29%.
Within a year, the number of unemployed people rose by 573,000. Unfortunately, the latest studies also show that the country only created 21,000 jobs. A lot of citizens blame this on politics and widespread corruption throughout the country.
These claims brought a lot of shame to President Cyril Ramaphosa’s administration, which eventually led to one of the worst election showing in 25 years. Unfortunately, these unemployment numbers weren’t mentioned at a great time.
The unveiling of the numbers came at the same time that Eskom announced their loss of more than R20 billion last year. This was a major blow because Eskom supplies almost 95% of the country’s electricity.Share this via: