African nations face a unique set of opportunities and challenges, many of them financial. As the impact of this year's pandemic continues to deliver, those financial challenges have become even greater.
Zing, with our global team of economic specialists, want to make the world a fairer place and help those disadvantaged economies grow in strength.
We are now inviting African nations to work side-by-side with Zing, to empower every government to look to the future with confidence, and are concentrating our 15 years of experience primarily on the African continent.
The GDP Divide
The gap between the wealthiest and poorest countries is vast and is growing. The same applies to the contrast between the richest and poorest people in the world.
GDP, or gross domestic product, is a key indicator of the relative wealth of a country. This figure is arrived at per capita and calculates the market value of products and goods produced by that country, divided by the number of citizens and so is a reliable benchmark of wealth.
Investopedia shows us that the five countries with the lowest wealth per adult are all African nations:
- Central African Republic: wealth per adult $726
- Burundi: wealth per adult $771
- Liberia: wealth per adult $827
- Democratic Republic of Congo: wealth per adult $887
- Niger: wealth per adult $1,017
As a comparator, the wealthiest five countries are:
- Switzerland: wealth per adult $539,657
- Australia: wealth per adult $424,723
- United States: wealth per adult $403,974
- Belgium: wealth per adult $312,000
- New Zealand: wealth per adult $302,216
Socioeconomic Challenges for African Nations
This huge disparity begs the question, why?
Here are some of the most common challenges faced by African governments, all of which we address with direct actions and strategies:
- Exploitation: manipulation by wealthy investors in devaluing assets, or removing wealth from the continent
- Corruption: lack of transparency and awarding of contracts and national services on unethical bases
- Conflict: the cost of civil conflicts takes a huge toll in the loss of life, loss of industry and loss of investor confidence, for many years to come
For African businesses, exploitation has played a big part in the loss of enormous income streams. Many international mining corporations have taken advantage of a lack of understanding about the scope and value of African natural resources and used tax avoidance to extract the maximum value from their mining operations, and yet avoid paying any taxes to the countries that accommodate them.
Zing aims to redress this balance, by working on the fundamentals of:
- Transparency
- Honesty
- Integrity
We find genuine, reputable investors who wish to see the exploitation of these natural resources redressed to help redirect valuable income back towards the nations of Africa.
Financial Challenges in Africa
Africa has an astonishing abundance of precious natural resources. These include:
- Bauxite
- Uranium
- Gas
- Iron Ore
- Diamond
- Cobalt
- Coal
As well as these resources, Africa is a unique continent with a wealth of culture and heritage. Home to many rare and near extinction species of animal, landscapes and regions of outstanding natural beauty, Africa has much to offer the world.
One of the biggest challenges for a cash-centric county is in the movement of cash. Many people earn and pay with cash, lots of banking providers do not extend their services to rural areas, and there is a risk of fraud and abuse of remote money management systems to facilitate safe payments and transactions.
Investment Opportunities for Africa
As the world places greater value on its natural resources and recognises the importance of conservation and global parity, there has never been a better time for African nations to take back control over their financial stability.
Contact Zing today; we can discuss every aspect of national finances including taxation, regulations, investment, trade and security.
Let’s close the divide, and help every nation achieve financial prosperity.
One thought on “Closing The Divide | How Zing is Empowering African Nations”
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