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Iran-Africa Chamber:
Tehran should grab opportunities in African markets with national interest focus
Masoud Barahman spoke at a meeting on strategies for entering African markets on Sunday, stating that Africa has become increasingly significant for developed countries, IRNA reported.
He continued by noting that Africa has developed a roadmap for growth up to 2063, but the efforts by other countries to attend the African market indicate that results may come much sooner.
Barahman highlighted China’s extensive presence in Africa, reporting that the country plans to send 300 million of its citizens to the continent, stating that China has a $147-billion trade with Africa.
The senior trader estimated Africa’s total trade volume at around $1.5 trillion and stressed the need for serious consideration and action regarding engagement in this untapped market.
To succeed in Africa, he added, collaboration is essential and individual efforts should be avoided.
Barahman stated that if progress is to be made, the private sector must lead the initiative.