The state of affairs in the economy of the countries participating in the Catalogue, market reviews, attractive niches for business, opinions of industry experts.
Pakistan, located in South Asia, is the second largest market in the region. Low competition and a rapidly growing economy are just some of the advantages to attract the interest of foreign investors. However, despite its size, it is still relatively unknown among foreign companies and investors.
The international plans of Russian investors and businessmen have been shaken by 2022. Western markets have partially or completely closed, but new ones have opened in other directions. One of these destinations is Africa. Alexander Bespalov, co-founder of the investment and consulting group Afroinvest, told how Russian businesses can develop the mainland.
According to a World Bank report, Serbia has improved its business climate over the past few years and has worked on conditions related to fast company registration and favorable tax treatment for foreign investors. Given the confidence and stability of the economy, Serbia welcomes investors from all over the world to operate in the country's main industries.
In all respects of ease of doing business, Serbia ranks first. In addition to the fact that the country is at the crossroads between East and West and has good political relations with both Europe and Russia and Asian countries, it can be proud of its well-developed free economic zones.
Anton Korinets, who has been working on the continent for four years, told Free Press about the features of local business.
Nigeria is great for both first-time business owners and seasoned professionals in their industries. Nigeria's population is growing at 3% per year, making it one of the countries with the potential to become the largest economy in Africa.
Nigeria is a mixed, middle-income, emerging market economy characterized by expanding manufacturing, agriculture, oil and gas, and solid minerals sectors. Other dynamic sectors of the state's economy include communications, information technology, tourism, services and much more.
Western countries have imposed serious economic and political sanctions against Russia, which has significantly complicated the work of domestic businesses with Western partners. Therefore, today more and more Russian companies are looking for new opportunities and relying on the development of business cooperation with the countries of Asia and Africa.
Together with an expert, we figure out why Africa is a promising market and what prevents Russian companies from operating on the continent.
The African region is currently one of the most promising in terms of development potential and economic growth. Five African countries entered the top 10 fastest-growing economies in the world in 2023. Investors in the African region have a wide range of promising sectors to choose from. Despite the challenges, growth rates across all regions of Africa remained positive last year and will remain stable over the next two years.
According to Mikael Gorsky, founder of the business development agency Explore Ethiopia (Addis Ababa, Ethiopia), which registers and supports businesses in Ethiopia, conducts market research and audits of potential partners, Africa is the most promising region on the planet.
The Democratic Republic of Congo is a key player on the African continent. It has one of the highest growth rates in the sub-Saharan region. Thanks to its natural resources and demographic potential, the DRC has undeniable economic advantages.