Culture and Doing Business In Africa (3), By Rafiq Raji - Premium Times Opinion

Except for South African countries, where there is relatively high state capacity, my framework would not recommend an investment in the African utilities sector; not in the traditional way, at least. Innovative solutions like off-grid, solar and other renewable power solutions are proving to be viable, though. But they tend to be development-oriented and better suited for NGO-type ventures.

As discussed in the first and second parts of this article in the past two weeks, my cultural framework for doing business in Africa relies on culture, doing business ranking, emerging market status, and soft power ranking, to recommend sectors in Africa that are likely to be successfully tapped by foreign investors.

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