D271 5.1

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What is the main driving force behind Africa's manufacturing sector potentially doubling in value by 2025?

Relying on foreign investments

Reducing production capacity

Increasing exports to other continents

Meeting the continent's own demand (correct)

What are some of the barriers industrialists in Africa need to overcome to realize the manufacturing sector's growth potential?

Access to suitable land and capital (correct)

Reducing quality standards

Competing with local businesses

Importing raw materials

What did Aliko Dangote incorporate into his strategy to overcome barriers faced by industrialists?

Workarounds (correct)

Relying solely on government support

Selling his business interests

Ignoring the barriers

What does Tidjane Thiam suggest about adopting a one-size-fits-all approach to investment in Africa?

It is no more likely to succeed in Africa than it is in Asia or Europe. Signup and view all the answers

What does Thiam believe many global investors misunderstand about Africa?

The exotic nature of Africa with constant volatility and instability. Signup and view all the answers

What does Tidjane Thiam wish people were more about when it comes to Africa?

More rational about its diversity and challenges. Signup and view all the answers

What does Ngozi Okonjo-Iweala emphasize about building a business in Africa?

Businesses must be willing to take the risk and focus on real fundamentals. Signup and view all the answers

According to Ashish J. Thakkar, what is the recommended lens for companies looking to invest in Africa?

Long-term Signup and view all the answers

Why might adopting a next-quarter view of Africa be detrimental for Western businesses?

It may result in missing growth opportunities and being outcompeted by long-term focused companies. Signup and view all the answers

What type of investments did nearly half of Chinese-owned companies report making in Africa?

Capital-intensive like building factories or purchasing equipment Signup and view all the answers

What key advantage do Chinese industrialists have over Western firms investing in Africa?

Long-term vision and commitment Signup and view all the answers

What was the key reason behind Dangote Group's deliberate diversification across industries and geographies?

To build long-term resilience Signup and view all the answers

How did Brewer SABMiller use geographic diversification to mitigate risks in their African business?

By spreading investments across medium-sized businesses in multiple countries Signup and view all the answers

Why is it beneficial for large businesses in Africa, like Dangote, to consider adding non-African countries to their portfolio?

To expand diversification and reduce risk by entering global markets Signup and view all the answers

How did Dangote Group's diversification strategy differ from solely focusing on one sector?

It allowed them to self-compensate for operational challenges. Signup and view all the answers

What did Aliko Dangote realize about the industrialization risks in Nigeria before investing in building factories?

There was a lack of reliable electric power and inconsistencies in government policies. Signup and view all the answers

What did Dangote identify as two major problems that led manufacturers to fail in Nigeria?

Lack of reliable electric power and inconsistencies in government policies. Signup and view all the answers

Why did Dangote decide to generate its own power for the company's facilities?

Due to unreliable electric power supply in Nigeria. Signup and view all the answers

What lesson did Dangote learn from his time spent in Brazil before investing in African industries?

'To succeed, one must be bold and have a long-term approach.' Signup and view all the answers

What is the main concern shared by firms operating in the financial services sector mentioned in the text?

Navigating different legal frameworks and tax laws Signup and view all the answers

Why does M-Kopa's CEO mention that some startups are expanding across borders too quickly?

To highlight the complexities involved in entering new markets Signup and view all the answers

What strategy did a third of the respondents in the executive survey find important for managing complexity and risk?

Operating only in African markets they know well Signup and view all the answers

Which countries are generally classified as 'Stable Growers' based on the African Stability Index?

Kenya, Morocco, Côte d'Ivoire Signup and view all the answers