African Economies and Bangladesh Opportunity
The countries of African continent were once referred to as the domain of semi-civilised individuals caught in financial condition, deficiency disease and illiteracy. Natural disaster such as draught , flood, failure leading to famine and starvation visited these countries often. this can be why continent was once known as the Dark Continent.
Leaving those days at the start of the twenty first Century, some components of continent area unit currently step by step march towards a replacement era of economic and social prosperity. If we tend to think about the stock of resources, the continent of
continent was perpetually made, however sadly, its individuals weren't the beneficiaries of those resources. European colonialists, above all, pillaged the African resources for hundreds of years. the most attractions were valuable natural resources. however solely resource extraction wasn't enough for satisfying their never-ending greed. At one stage, they started commercialism on personalities in continent as slaves across the Atlantic to the newly-discovered country and presently power the u. s. of America. The slave traffic of continent is that the darkest and therefore the most shameful chapter of the human history. the method created variant Africans unsettled for ever. We think, there's no want for Associate in Nursing elaborate discussion of the history as a result of all folks recognize what had happened to those individuals.
Africa has been the second fastest-growing region within the world over the last ten years, with average annual growth of five.1 per cent, driven by larger political stability and economic reforms that have refreshed the personal sector in several countries.
Poverty is additionally on the retreat. . At the purpose once menage incomes exceed $5,000, measured at buying power parity, customers begin to direct over 1/2 their financial gain to things apart from food and shelter. The continent currently has around ninety million individuals, WHO return beneath this definition. The figure is projected to succeed in 128 million by 2020. Indeed, contrary to standard knowledge, the foremost of Africa's growth has return from domestic defrayal and non-commodity sectors, instead of the resources boom.
Scope of Bangla Desh involvement: continent has concerning sixty per cent of the world's unused croplands, providing it with a golden chance to at the same time develop its agricultural sector and cut back state. African agriculture is currently heading in the right direction to make eight million wage-paying jobs between currently and 2020.
With 2 vital reforms, however, continent may add six million additional jobs. Firstly, policymakers may encourage enlargement of large-scale industrial farming on uncultivated lands. African countries have to be compelled to reform land rights and improve access to inputs like seeds, finance and insurance to develop agriculture. Such steps have allowed African country, that designed integrated road, rail and ocean links to move cold merchandise and to extend its mango exports to the ecu Union six-folds in mere 5 years. Secondly, African economies will move from manufacturing low-value grain to higher-value crops like husbandry crops and bio-fuels. this can not solely boost value, however conjointly offer much-needed jobs: staples like grain use up to fifty individuals per one,000 hectares whereas husbandry product want up to 800 individuals.
Bangladesh has already stepped into the African agricultural sector. a number of the African countries have started leasing out their arable lands to Bangla Desh at terribly enticing and low leasing costs. Countries like Tanzania and African country area unit the pioneers however several such alternative countries can be part of the race if the comes become thriving and useful for each the edges. there's an enormous potential anticipating Bangla Desh if it will capitalise the opportunities with success. At constant time, some issues area unit there in continent like communication infrastructure, storage and absence of policy pointers. If these issues area unit solved , the African continent may prove to be a bread- basket of the long run world.
Industrial development and manufacturing: The pace of business development in continent is incredibly slow, tho' there's an enormous potential for it. however no important accomplishment has taken place nevertheless during this regard. solely industrially-developed country in continent is Republic of South Africa. Republic of South Africa has achieved development in motorcar business and conjointly improved in chemicals sector as per latest statistics. Some enhancements also are there in alternative producing sectors like agro-processing, telecommunications and textiles . however as economic development is going down and financial gain level of the individuals of all alternative four corners of continent is increasing, a replacement avenue for industrial development is going down step by step. Already China and Republic of India have started exploring the opportunities in numerous African countries. China, above all, is attempting to faucet natural resources like copper, coal, iron, mineral and oil and resources that area unit very important for its invasive economy. it's expected that gently, Chinese and Indian firms can step into the producing sector of continent. during this affiliation, a number of our industries have a bright prospect in African economies. one in all such sectors is prescription drugs. At present, Bangla Desh has achieved a laudable position in prescription drugs business and is mercantilism medicines to several countries. So, the prescription drugs sector in Bangla Desh features a promising future in African market. giving cheaper price and international customary, the prescription drugs firms will produce an outsized marketplace for Bangla Desh. additionally, agro-processing, textiles, garments, light-weight engineering, shopper and home goods, TV refrigerators, air coolers, ceramics and alternative things may be created due to competitive cost and availableness of low-cost raw materials in continent. there's an enormous demand and it's ever increasing because the economies area unit up in continent. What we want area unit the continual research and timely action to explore the market. In African countries, there's an absence of policy pointers and absence of economic cooperation agreement and even in some cases, there's no delegacy of Bangla Desh in most of the African countries. Diplomatic and trade missions will play a really vital role at the initial stage. Afterwards, things are guided in step with agreements between Bangla Desh and African countries and beneath a legal framework.
In addition to the govt efforts, the Federation of Bangla Desh Chambers of Commerce and business (FBCCI) and alternative chambers have to be compelled to play active roles during this regard. At constant time, research and regular exchange of visits by each African and Bangladeshi entrepreneurs also are vital.
Retail chain and looking complex: As we all know that the quantity of customers in continent is increasing in no time, there's shortage of shops. the quantity of looking malls is incredibly restricted. a modern newspaper report shows that Nigeria's four largest cities still have solely six looking malls. If we tend to compare it to our state of affairs, we are able to simply perceive its immense want and furthermore, Federal Republic of Nigeria is Associate in Nursing oil-rich country and therefore the level of people's financial gain and consumption is increasing. this can be not the sole the case for Federal Republic of Nigeria. matters is that the same for alternative African countries.
Africa's rising range of customers is already driving growth in merchandising, however the world may grow a lot of quicker. The potential of retail still goes mostly unrealised: in Federal Democratic Republic of Ethiopia, Egypt, African nation and Federal Republic of Nigeria, nearly three-quarters of groceries area unit bought in small informal retailers. If barriers to foreign players area unit removed and action is taken to spice up the share of contemporary shops, this business may be booming. Recently, the Indian government set to elevate its ban on foreign direct investment in merchandising. If the Bangla Desh government and therefore the FBCCI may talk over with success, retail chains may have a bright prospect in African continent to step within the retail trade. there's conjointly a bright prospect for establishing our market {and product|and merchandise|and product} disapproval of the many shopper and menage products in a lot of easier approach. it's time to move during this regard before the chance goes out of our hand.
Construction and infrastructure development: Most of the countries of the African continent area unit backward in infrastructure and road communication and alternative construction sectors. however with economic development, there's currently a growing demand for building roads, highways, high-rise buildings and alternative construction works. Bangla Desh has already gained name and skill in operating in several Middle {eastern|geographical area|geographic area|geographical region|geographic region} and much Eastern countries during this respect. thus Bangla Desh will become a development partner of African countries in construction sector. during this sector, Bangla Desh is enriched with a adequate stock of engineers, architects, competent labourers and technicians, that may be terribly helpful for African ever-growing housing industry.
Colonial powers have exploited African nations for hundreds of years however they were ne'er inquisitive about developing their economies or up their social conditions. currently Africans area unit additional acutely aware concerning their welfare and development. African countries area unit in want of development partners in development activities, not masters. Bangladesh's peace-keeping missions in continent have already earned appreciation from the international community similarly as from several African countries.
Moreover, economic resources of Bangla Desh and continent area unit complementary, not competitive in nature. So, there's a bright prospect for cooperation.
If initiatives from each public and personal sectors area unit taken during this respect, then Bangla Desh may emerge because the most active and valuable development partner of African continent.
Leaving those days at the start of the twenty first Century, some components of continent area unit currently step by step march towards a replacement era of economic and social prosperity. If we tend to think about the stock of resources, the continent of
continent was perpetually made, however sadly, its individuals weren't the beneficiaries of those resources. European colonialists, above all, pillaged the African resources for hundreds of years. the most attractions were valuable natural resources. however solely resource extraction wasn't enough for satisfying their never-ending greed. At one stage, they started commercialism on personalities in continent as slaves across the Atlantic to the newly-discovered country and presently power the u. s. of America. The slave traffic of continent is that the darkest and therefore the most shameful chapter of the human history. the method created variant Africans unsettled for ever. We think, there's no want for Associate in Nursing elaborate discussion of the history as a result of all folks recognize what had happened to those individuals.
Africa has been the second fastest-growing region within the world over the last ten years, with average annual growth of five.1 per cent, driven by larger political stability and economic reforms that have refreshed the personal sector in several countries.
Poverty is additionally on the retreat. . At the purpose once menage incomes exceed $5,000, measured at buying power parity, customers begin to direct over 1/2 their financial gain to things apart from food and shelter. The continent currently has around ninety million individuals, WHO return beneath this definition. The figure is projected to succeed in 128 million by 2020. Indeed, contrary to standard knowledge, the foremost of Africa's growth has return from domestic defrayal and non-commodity sectors, instead of the resources boom.
Scope of Bangla Desh involvement: continent has concerning sixty per cent of the world's unused croplands, providing it with a golden chance to at the same time develop its agricultural sector and cut back state. African agriculture is currently heading in the right direction to make eight million wage-paying jobs between currently and 2020.
With 2 vital reforms, however, continent may add six million additional jobs. Firstly, policymakers may encourage enlargement of large-scale industrial farming on uncultivated lands. African countries have to be compelled to reform land rights and improve access to inputs like seeds, finance and insurance to develop agriculture. Such steps have allowed African country, that designed integrated road, rail and ocean links to move cold merchandise and to extend its mango exports to the ecu Union six-folds in mere 5 years. Secondly, African economies will move from manufacturing low-value grain to higher-value crops like husbandry crops and bio-fuels. this can not solely boost value, however conjointly offer much-needed jobs: staples like grain use up to fifty individuals per one,000 hectares whereas husbandry product want up to 800 individuals.
Bangladesh has already stepped into the African agricultural sector. a number of the African countries have started leasing out their arable lands to Bangla Desh at terribly enticing and low leasing costs. Countries like Tanzania and African country area unit the pioneers however several such alternative countries can be part of the race if the comes become thriving and useful for each the edges. there's an enormous potential anticipating Bangla Desh if it will capitalise the opportunities with success. At constant time, some issues area unit there in continent like communication infrastructure, storage and absence of policy pointers. If these issues area unit solved , the African continent may prove to be a bread- basket of the long run world.
Industrial development and manufacturing: The pace of business development in continent is incredibly slow, tho' there's an enormous potential for it. however no important accomplishment has taken place nevertheless during this regard. solely industrially-developed country in continent is Republic of South Africa. Republic of South Africa has achieved development in motorcar business and conjointly improved in chemicals sector as per latest statistics. Some enhancements also are there in alternative producing sectors like agro-processing, telecommunications and textiles . however as economic development is going down and financial gain level of the individuals of all alternative four corners of continent is increasing, a replacement avenue for industrial development is going down step by step. Already China and Republic of India have started exploring the opportunities in numerous African countries. China, above all, is attempting to faucet natural resources like copper, coal, iron, mineral and oil and resources that area unit very important for its invasive economy. it's expected that gently, Chinese and Indian firms can step into the producing sector of continent. during this affiliation, a number of our industries have a bright prospect in African economies. one in all such sectors is prescription drugs. At present, Bangla Desh has achieved a laudable position in prescription drugs business and is mercantilism medicines to several countries. So, the prescription drugs sector in Bangla Desh features a promising future in African market. giving cheaper price and international customary, the prescription drugs firms will produce an outsized marketplace for Bangla Desh. additionally, agro-processing, textiles, garments, light-weight engineering, shopper and home goods, TV refrigerators, air coolers, ceramics and alternative things may be created due to competitive cost and availableness of low-cost raw materials in continent. there's an enormous demand and it's ever increasing because the economies area unit up in continent. What we want area unit the continual research and timely action to explore the market. In African countries, there's an absence of policy pointers and absence of economic cooperation agreement and even in some cases, there's no delegacy of Bangla Desh in most of the African countries. Diplomatic and trade missions will play a really vital role at the initial stage. Afterwards, things are guided in step with agreements between Bangla Desh and African countries and beneath a legal framework.
In addition to the govt efforts, the Federation of Bangla Desh Chambers of Commerce and business (FBCCI) and alternative chambers have to be compelled to play active roles during this regard. At constant time, research and regular exchange of visits by each African and Bangladeshi entrepreneurs also are vital.
Retail chain and looking complex: As we all know that the quantity of customers in continent is increasing in no time, there's shortage of shops. the quantity of looking malls is incredibly restricted. a modern newspaper report shows that Nigeria's four largest cities still have solely six looking malls. If we tend to compare it to our state of affairs, we are able to simply perceive its immense want and furthermore, Federal Republic of Nigeria is Associate in Nursing oil-rich country and therefore the level of people's financial gain and consumption is increasing. this can be not the sole the case for Federal Republic of Nigeria. matters is that the same for alternative African countries.
Africa's rising range of customers is already driving growth in merchandising, however the world may grow a lot of quicker. The potential of retail still goes mostly unrealised: in Federal Democratic Republic of Ethiopia, Egypt, African nation and Federal Republic of Nigeria, nearly three-quarters of groceries area unit bought in small informal retailers. If barriers to foreign players area unit removed and action is taken to spice up the share of contemporary shops, this business may be booming. Recently, the Indian government set to elevate its ban on foreign direct investment in merchandising. If the Bangla Desh government and therefore the FBCCI may talk over with success, retail chains may have a bright prospect in African continent to step within the retail trade. there's conjointly a bright prospect for establishing our market {and product|and merchandise|and product} disapproval of the many shopper and menage products in a lot of easier approach. it's time to move during this regard before the chance goes out of our hand.
Construction and infrastructure development: Most of the countries of the African continent area unit backward in infrastructure and road communication and alternative construction sectors. however with economic development, there's currently a growing demand for building roads, highways, high-rise buildings and alternative construction works. Bangla Desh has already gained name and skill in operating in several Middle {eastern|geographical area|geographic area|geographical region|geographic region} and much Eastern countries during this respect. thus Bangla Desh will become a development partner of African countries in construction sector. during this sector, Bangla Desh is enriched with a adequate stock of engineers, architects, competent labourers and technicians, that may be terribly helpful for African ever-growing housing industry.
Colonial powers have exploited African nations for hundreds of years however they were ne'er inquisitive about developing their economies or up their social conditions. currently Africans area unit additional acutely aware concerning their welfare and development. African countries area unit in want of development partners in development activities, not masters. Bangladesh's peace-keeping missions in continent have already earned appreciation from the international community similarly as from several African countries.
Moreover, economic resources of Bangla Desh and continent area unit complementary, not competitive in nature. So, there's a bright prospect for cooperation.
If initiatives from each public and personal sectors area unit taken during this respect, then Bangla Desh may emerge because the most active and valuable development partner of African continent.
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