Morocco has many advantages for business, including:
Location: Morocco is located at the crossroads of Africa, Europe, and the Middle East, with access to the Atlantic Ocean and Mediterranean Sea.
Workforce: Morocco has a well-educated, flexible, and skilled workforce.
Cost: Morocco has relatively low wages and a cost-efficient labor force.
Infrastructure: Morocco has modern infrastructure, including trade-supporting infrastructure.
Government: Morocco has a stable political environment and business-friendly laws and regulations.
Trade: Morocco has streamlined trade processing and is open to foreign investment.
Other advantages include:
Tax incentives
Financial rewards
Banking benefits
Freedom to do business
According to the World Bank, Morocco is ranked 53rd out of 190 economies for ease of doing business.
What is business domiciliation in Morocco?
Domiciliation consists of choosing as the head office of a company (called domiciliary) the address of another company (called domiciliary). This involves giving the domicile a legal address without it actually being there.
You need more indications on the aforementioned requirements and regulations, please contact and send your inquiries to: support@triconsultingkyoto.com
For business engagement or inquiries, please fillout the following form: A business inquiry is a formal request for information from an organization.
Since 1993, we have serviced in California and assisted an extensive U.S. and global client network that comprises small and mid-sized companies, individual entrepreneurs, private investors, policymakers, and government agencies.
TRI CK USA is a leading executive training firm committed to serving clients in the United States and Morocco, North and Central Africa and China. Our team is dedicated to helping clients improve their business performances and attain sustainable long-lasting results.
Providing On-site Support to Executives in China
Over and above an extensive international exposure with assignments implemented in more than 15 markets, the members of our Team have a wide industry expertise that we put at the disposal of our clients in the areas of international trade, international business and international investment as well as in global cultural exchanges such as and not limited to these operational areas:
Direct representation for exporters and importers, marketers and business developer;
Business Representation and Organizational Structure in the United States;
Translation, Direct Interpretation, Localization and Provision of logistic support;
Direct negotiation and Advise on Related Means and Resources;
Finding the appropriate/right product;
Analyzing the potential demand and the dimension of the market.
Setting buyer-seller relations, handling of shipping and related logistics to help our clients in their exports and imports.
Cultures for International Operations: TRI CONSULTING KYOTO – TRI CK USA Since 1993, we have serviced in California and assisted an extensive U.S. and global client network that comprises small and mid-sized companies, individual entrepreneurs, private investors, policymakers, and government agencies. TRI CK USA is a leading executive training firm committed to serving clients in…
Defining the Organizational Steps and Strategic Tasks for Client’s Executives
TRI CK USA is excited to share that we have taken our combined decades of experience with entrepreneurs of projects, small businesses, multinational corporations and mid-size companies and have streamlined the process to help companies like yours prepare their ROADMAP TO US MARKET ENTRY in a fast and cost-effective manner.
TRI CK USA has also developed models an international expansion for entrepreneurs and enterprises that are seeking a foreign entry strategies to establish their products in the regional and international markets.
We provide members with a range of tailored services, leveraging our international network to ensure unique access to trade and investment opportunities in California, the United States, Morocco and across selected regions of North Subsaharan Africa.
We also build Global Partnerships with organizations and professionals who wish to broaden their connectivity and enhance their profile on the African continent by providing business development support.
TRI CONSULTING KYOTO – TRI CK USA , the Bridge for International Trade, Business Development, Market Entry Strategies through Advising and Training Services.
Based in Oakland, California with the focus to help local and international enterprises to develop and manage business, trade, market and logistics operations in and between the United States, Morocco and other regions in the Mediterranean and North and Sub-Saharan Africa, and China.
TRI CONSULTING KYOTO – TRI CK USA offers the following services:
TRI CK USA will evaluate potential network of sales, business partners, representatives, distributors and so on through a comprehensive approach.
TRI CK USA will consider to conduct on your behalf to assess the level of reliability of potential clients, buyers, distributors, exporters, importers, partners and representatives just to name few, Here are some key factors :
Track Record and Achievements:
TRI CK USA will look into their past performance, accomplishments, and reputation within the industry.
TRI CK USA will assess their reliability based on their history of successful ventures or projects.
References and Feedback:
TRI CK USA will gather references from trusted sources. Seek feedback from individuals who have worked with them before. This can provide insights into their reliability and work ethic.
Financial Stability:
TRI CK USA will evaluate their financial health. A reliable partner should have stability and the capacity to contribute to the partnership’s growth.
Compatibility with Your Goals:
TRI CK USA will assess whether their skills, expertise, and vision align with your business objectives. A reliable partner shares your commitment to achieving common goals.
Communication Style:
Effective communication is crucial, and TRI CK USA will ensure their communication style aligns with yours. Transparency and responsiveness are indicators of reliability.
TRI CK USA will conduct throughly due diligence to enable to form a successful partnership. TRI CK USA will will ensure and research, verify, and choose partners who demonstrate reliability and compatibility with your business vision.
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When assessing the reliability of potential partners, particularly in the United States, due diligence is crucial. Here are some key steps to consider:
International Third-Party Due Diligence:
Conduct thorough due diligence on international third parties. While there’s no specific regulatory minimum, leading practices involve a systematic assessment.
Steps:
Questionnaire: Require the third party to disclose information via a questionnaire.
Risk-Based Verification: Independently verify the provided information and identify adverse data.
Act on Red Flags: Address any identified “red flags” during the process.
Customer Due Diligence (CDD):
In the U.S., the Financial Crimes Enforcement Network (FinCEN) outlines CDD requirements. Verify customer identities and assess risks to prevent money laundering.
Partner Due Diligence:
Investigate vendors, suppliers, contractors, and other third parties connected to your business.
Benefits:
Make informed partnership decisions based on relevant data.
Evaluate potential threats and mitigate risks.
Thorough due diligence by TRI CK USA helps protect your company’s reputation and ensures reliable business relationships.
Said El Mansour Cherkaoui the creator and provider of this document does not assume any responsibility for any consequence of using this document. This document has been prepared for informational purposes and is not intended to (a) constitute legal advice (b) create an attorney-client relationship (c) be advertising or a solicitation of any type. Each situation is highly fact specific and requirements vary by situation and therefore any party should seek legal advice from a licensed attorney in the relevant jurisdictions.
Said El Mansour Cherkaoui the creator and provider of this document expressly disclaims any and all liability with respect to actions or omissions based on this document.
TRI CONSULTING KYOTO – TRI CK USA is a leading executive training firm committed to serving clients in the United States, France, Morocco and North Africa and China
Our team is dedicated to helping clients improve their business performance and attain sustainable long-lasting results by introducing / reinforcing new learning and skills. Over and above an extensive international exposure with assignments implemented in more than 15 markets, our trainers have a wide industry expertise.
Strategic planning provides a roadmap, aligns objectives, and optimizes resource allocation, while business development identifies opportunities, builds relationships, and drives revenue growth
TRI CK USA delivers solutions and results that are the core of our consulting, advising and mentoring strategies that aim to increase efficiencies, save resources, reduce costs, increase revenue, improve profit margin and develop owner and shareholder return on investment.
★ Our Core Values ★ “We are committed to promoting national and global economic systems based on the principles of justice, equity, democracy, participation, transparency, accountability and openness.” International Conference on Development – (UN – Rio de Janeiro, 2002).
Trade is the conduit to understanding and connection between people of different cultures and environments. We promote international trade with the United States to stimulate cooperation, increase understanding and reinforce acceptance with the rest of the world.
We put at the disposal of our clients a team with extensive experience in developing and delivering executive trainings and workshops in many areas ranging from basic hard skills to more complex soft skills including leadership, team working, negotiation and communications skills.
We respect the privacy of our clients, partners, associates and colleagues.
Cluster of Intervention for Strategic planning process extracted, adaptable and translated from the sector, industry, region, country and conditions of the market
TRI CK USA in California provides mentoring and support to entrepreneurs for the launching of their projects and the operational management of their small businesses.
TRI CK USA in California advises diverse entrepreneurs in creating thriving businesses servicing their stakeholders, their communities, their region, and their country.
For engagement, forwarding unsolicited RFP, RFQ, Request for Tender (RTF), Request for Quote(RFQ), and Request for Expression of Interest (ROI), please send an email to: support@triconsultingkyoto.com
The corresponding topics are selected on the basis of its relevancy and authenticity that can shape, formulate and contribute directly to the conduction of successful management, planning and managing operations and projects within close and distant marketplaces, economies and cultural settings:
TRI Consulting Kyoto Team have created Groups and Pages in several Social Media Platforms where current analysis, news and intelligent knowledge and insights are published for the purpose to share its own knowledge base and to contribute to the advance around the world of the understanding and encourage interactions about and between regions and countries and decision-makers in the public and the private sector.
For any additional indications or to have our Founder Said El Mansour Cherkaoui as Speaker or Presenter at Events, Conferences, Seminars or Training Sessions related to the subjects and content addressed by our publications, please send an email to : info@triconsultantkyoto.com
First International Conference on Africa – U.S. Department of Commerce – San Francisco Offices
Strategic planning and business development are two areas of TRI CK USAspecialization and support processes that enable business growth of our clients in the following operations:
California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday May 4, 2018.
California is home to nearly 40 million people which represent 12 percent of the U.S. population but contributed 16 percent of the country’s job growth between 2012 and 2017. The United Kingdom has 25 million more people than California but now has a smaller GDP while California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said.
California’s economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. The state has 12 percent of the U.S. population but contributed 16 percent of the country’s job growth between 2012 and 2017. Its share of the national economy also grew from 12.8 percent to 14.2 percent over that five-year period, according to state economists.
Since 2012, California as the largest U.S. state has added 2 million jobs and grown its GDP by $700 billion.
California’s economic juggernaut is concentrated in coastal metropolises around San Francisco, San Jose, Los Angeles and San Diego.
California is the sixth largest economy, between the UK and France.
California businesses exported $164 billion worth of goods in 2015, supporting 706,969 jobs.
California exports to more than 225 foreign markets.
California is one of the 10 largest economies in the world with a gross state product of more than $2.6 trillion.
• Services: For 2016, the surplus in services decreased to $247.7 billion from $261.4 billion in 2015. Services receipts decreased to $710.2 billion from $710.6 billion.
The largest decreases were in financial services and transport.
The largest increase was in other business services, and maintenance and repair services.
For 2016, services imports increased to $504.6 billion from $491.7 billion.
California Trade The U.S. Department of Commerce reported that in 2016, California exports amounted to $163.6 billion. This is a decrease from the 2015 total of $165.4 billion.
California maintained its perennial position as a top exporting state. Exports from California accounted for 8.8% of total U.S. exports in 2016.
California’s top export destinations are Mexico, Canada, China, Japan and Hong Kong.
California trade and exports translate into high-paying jobs for more than 1 million Californians.
Top Export Sectors California is a top exporter in the nation of electronic products, and sales of food and kindred products.
Computers and electronic products are California’s top export, accounting for 25.9% of all the state’s exports. Other top categories included transportation equipment; miscellaneous manufactured commodities; and machinery, except electrical.
• Mexico:
Mexico continues to be California’s No. 1 export market. California exports to Mexico decreased to $25.26 billion in 2016. Mexico purchases 15.4% of all California exports. California’s exports to Mexico are driven by computers and electronic products, which account for 21.7% of all California exports to Mexico.
Other top categories include transportation equipment, machinery, except electrical, and chemicals.
• Canada: Canada is California’s second largest export market, purchasing 9.8% of all California exports. In 2016, California exported more than $16.18 billion to Canada. Computers and electronic products remained California’s largest exports, accounting for 32.2% of all California exports to Canada.
• Asia-Pacific: California is the largest exporting state to Asia. In 2016, California exported $68.58 billion in goods to the region. • Greater China: California exports to Mainland China totaled $14.36 billion in 2016. Computers and electronic products accounted for 30% of exports to China. Exports to Hong Kong increased to $9.6 billion in 2016, maintaining Hong Kong as California’s No. 5 export market, which surpassed South Korea in 2015. • Japan: California exports to Japan totaled $11.76 billion in 2016. Computers and electronic products accounted for 23.7% of total exports. • European Union: California exports to the European Union (28) totaled $29.7 billion in 2016. California is the top exporting state to Europe.
Computers, electronic products and chemicals are the leading export sectors to the region. European Union countries purchase 18.2% of all California exports.
California Investment A November 2016 study by the Organization for International Investment found: • 715,800 workers in California are employed as a result of 2016 Exports from California
Source: U.S. Department of Commerce Total in thousands ($USD) $218,185 : $25,266,105 $13,820 : $218,185 $1,722 : $13,820 $2 : $1,722 zero 102 2018 California Business Issues ®
INTERNATIONAL TRADE
• 196,000 foreign direct investment (FDI) jobs in California are in the manufacturing sector. • Among all global employers, those from Japan, the United Kingdom and France support the largest number of jobs in California. • More than 2,030 global employers have operations in California. • California ranks first in the nation in the total number of jobs at U.S. subsidiaries. According to the Organization for International Investment, U.S. subsidiaries play a vital role in California’s economy, insourcing 715,800 jobs; writing paychecks to 5% of California’s private sector workforce. Nearly 30% of jobs at U.S. subsidiaries in California are in manufacturing—accounting for 196,000 jobs.
According to former Governor Jerry Brown, California’s freight industry accounts for over $700 billion in revenue and over five million jobs. These employment positions are provided by businesses associated with an industry estimated to comprise one-third of the California State’s economy and jobs.
The importance of Global Trade is recognized by all the decisions-makers in California political landscape. The recently elected Governor Gavin Newsom, have recognized already in 2011 the important role of international trade to the state of California, by elaborating in his Economic Growth and Competitiveness Agenda, the following statement:
“…the state must become a better partner in preserving and enhancing California’s position as a preeminent hub in the global economy. At the simplest level, it must make promoting both trade and its international presence an economic priority undergirded by a plan and performance metrics, bringing scale and efficiency to existing international efforts by regions.”
This new agenda is built on eight pillars that were considered as essential in delivering the next economy and which included the followings:
International trade accounts for one out of nine jobs in Southern California, plays a vital role in the Bay Area economy, and provides the infrastructure for California companies to export products to other states and countries.
Total Export-Supported Jobs Related to Manufacturing
629,071 (2016)
No. of Businesses Selling Products Overseas
73,528 (2015)
Percentage of Exporters Classified as Small and Medium-size Companies
96% (2015)
Percentage of Exports by Small and Medium-size Companies
43% (2015)
In 2015, International trade supported more than 775,000 high paying California jobs. These trade-related jobs came from large and small companies, farmers, and factories
California exports billions of dollars in goods and services annually, including computer and electronics, transportation equipment, agricultural products, software and machinery.
Exports support small, medium, and large businesses. The vast majority of California exporters are small and medium-sized companies with less than 500 workers.
Customers in 229 countries around the world buy California-grown and manufactured goods and services. Top markets like Mexico, Canada, and China buy billions of dollars of California products and services annually.
Imports lower prices and increase choices for California companies and families.
Free Trade Agreements (FTAs) have led to rapid export growth to partner countries. America’s FTA partners purchased 41% – more than $67 Billion – of California’s total exported goods in 2015.
Foreign owned companies invest in California and employ more than 631,000 Californians.
“Companies that are new to exporting and companies that have previously considered and abandoned an exporting plan can use A Business of Details to get up to speed on terminology, processes, common pitfalls and strategies for success. This training video follows a shipment of Romaine Lettuce from a packing facility in Salinas, CA to its destination in Taiwan.”
This project is funded by the California Department of Food and Agriculture’s Specialty Crop Block Grant Program, and is presented by the California Centers for International Trade Development at State Center Community College District.
2018 – In August, developers Lineage Logistics LLC and Dreisbach Enterprises Inc. will open a $90 million, 280,000-square-foot Cool Port that will store perishable food shipments.
Developer CenterPoint Properties will start construction in July
on the Seaport Logistics Complex, a 440,000-square-foot distribution center at
the former Army Base in West Oakland. The port said it will be the largest
warehouse building at a West Coast port. CenterPoint declined to comment on the
effects of tariffs.
On an adjacent parcel controlled by the city of Oakland,
Prologis, the San Francisco industrial property developer, has a new
256,000-square-foot warehouse building that’s seeking tenants.
“I don’t think we’re quite there yet, but any kind of trade war is bad for economic growth generally. And that will affect everything including our business,” Hamid Moghadam, CEO of Prologis, said in an earnings call in April. “We are not yet concerned by the action, and we’ll just see what the action is going to be.”
U.S. Department of Labor has Small Business Development Centers (SBDCs) that offer free business consulting to current and aspiring small business owners.
In France as in the United States of America, the national economy is supported by small businesses. Indeed, it is small businesses that create jobs.
U.S. Department of Labor also has Small Business Development Centers (SBDCs) that offer free business advice to current and prospective small business owners.
Dr. Said El Mansour Cherkaoui worked for 5 years as a Senior Consultant in the SBDC – Small Business Development Center in Oakland, California and for 10 years in the CITD – Center for International Trade Development, Oakland – San Francisco and Berkeley, California.
Small businesses have created 17.3 million net new jobs since 1995, representing 62.7% of all net jobs created during this period.
Small businesses also account for 66% of job growth over the past 25 years.
They employ 61.7 million Americans, or 46.4% of private sector employees.
Small businesses also contribute 44% of U.S. economic activity.
GLOCENTRA – SIC Code 8742, Management Consulting Services and Training
Our team is dedicated to helping clients improve their business performance and attain sustainable long-lasting results by introducing/reinforcing new learning and skills. Over and above extensive international exposure with assignments implemented in more than 15 markets, our trainers have wide industry expertise. We put at the disposal of our clients a team with extensive experience in developing and delivering executive training and workshops in many areas ranging from basic hard skills to more complex soft skills including leadership, teamwork, negotiation, and communications skills.
It was evident that studies using a variety of approaches were conducted to examine the link between entrepreneurial education and entrepreneurial activities. The general findings were that there is a positive link between entrepreneurial education and venture creation. A huge interest seems to have come from United Kingdom and other European and African countries.
Are you a small- and medium-sized business owner?
We have welcomed attendees for our training programs, conferences and seminars from all over the world: Mexico, the United States, China, Italy, Portugal, France, Vietnam, Morocco, Algeria, Egypt India, Colombia, and Japan, to name a few. The versatility and diversity of our events made for some fascinating and important discussions, and offered an interesting mix of viewpoints.
Are you aware of your firm’s partnership criteria?
Do you get all the support and training to fulfil the requirements for promotion to the partnership?
Of course your own vision for your career and the steps you need to take are important but to be aware of your firm’s expectations or even requirements for progress and promotion is equally important.
But will you be able to fulfil all these criteria?
This may very much depend on the training you get, the support you find among partners and the firm’s overall culture of growth, development and promotion.
So how do you answer the two initial questions above?
One of the key requirements for partnership is, of course, a convincing business case.
If you do not have a strong book of business this is quite likely the case because you have not been sufficiently trained in effective and efficient business development.
So, here are a few key questions for you: • How far have you got with your business case? • Do you know how to develop a business case? • Does your firm provide training on business development? • Does your team have a culture of business development? • Do you have a role model of a successful business developer in your environment? • Do you get enough leeway or even encouragement from your partner to learn and practice your own business development ?
If you answer these questions honestly you will get a pretty good idea of the state of your own business development training and whether your team or your firm is good at it and provides the framework and support that you need and deserve.
Therefore, consider your options and manage your career. Be creative! If necessary, think out of the box which actions or next steps in your training would best serve your career and define goals accordingly.
Consider the options that will let you make progress with your career goals! Be intentional and choose the options that will allow you to realise your full potential.
Please share in the comments: what will be your preferred goals this year? What choices may they require?
Strategic Insights and Planning Inputs for Export and Import Operations
When it comes to export and import consulting services related to the United States, there are several options available. Here are a few reputable services TRI CK USA will help you with:
Customs Consulting Services:
USA Customs Clearance: TRI CK USA will help you with personalized, 1-on-1 consultations with licensed experts in customs and import-related matters. These sessions provide specific solutions tailored to your situation, setting you on the path to import success. Topics covered include power of attorney, importer of record, customs bonds, harmonized tariff classification, required documentation, duties, tariffs, and letters of credit
TRI CONSULTING KYOTO TRI CK USA – Based in Oakland in the vicinity of San Francisco and Silicon Valley in California, TRI CONSULTING KYOTO – TRI CK USA strives and aims to help local and international enterprises and entrepreneurs develop and manage productive projects, businesses.
Important Aspects
Why They Matter
Valuation
What is the price paid for the goods that are imported? Companies need to report all fees, costs, and pricing changes.
Harmonized Tariff Schedule of the U.S. (HTS)
You must assign an HTS code based on the country of origin. This information establishes duty rates and trade statistics for imported goods.
Country Of Origin
Country of Origin is more than just listing where your shipment is from. CBP uses this information to increase or decrease duty based on several factors.
Quantity
You need to report the number of imported goods to meet your compliance responsibilities. HTS outlines which unit of measure needs to be reported when filing an import declaration.
Typical Use Cases: Whether you’re just getting started, need help identifying HTS codes, or require guidance on product-specific duties and tariffs, TRI CK USA got you covered.
TRI CK USA will help you to choose the option that best fits your needs and situation. Whether you’re navigating customs regulations, seeking market insights, or exploring business opportunities, these services can provide valuable assistance.
“African Ride in the Memory Path of Martin Luther King, Jr. Way: Milky Way at Oakland Hood“. – Photo by Said El Mansour Cherkaoui, Martin Luther King Avenue, Oakland, California – 2020 International Languages and Cultural Services Let’s do the Right Move Together and the Right Communication International Languages and Cultural Services You are interested … Continue reading Cultures for International Operations
Some Sweet Taste and Thought about a Country Crossing so Many Challenges Internally and Internationally if not also Regionally while it is the Heart of the African Union and the Most successful in Keeping its Independence during the time when Africa was the target of all occupations and invasions.
Africa Case – Study: Honey in Ethiopia
Here is To Bee Ethiopia with the Maker of Sweet Honey and Wax of the Bee
Ethiopia is also the fourth largest beeswax producer in the world after China, Turkey, and Argentina.
Ethiopia is also the continent’s leading producer and exporter of beeswax and honey. The country has approximately 7 million bee colonies.
Ethiopia is the largest honey producer in Africa, producing around 45,300 tonnes annually. However, the country’s potential annual production is estimated to be 500,000 tonnes of honey and 5,000 tons of beeswax. This gap is due to the country’s traditional production system, which results in low productivity.
Ethiopia has three honey production systems:
Traditional: Forest and backyard
Transitional: Intermediate
Modern: Frame beehive
Modern beekeeping is mostly practiced in the central highland and southwestern areas of Ethiopia. Popular systems include Zander, Langstroth, and Dadant.
Beekeeping is a long-standing agricultural practice in Ethiopia. It is a major component in the agricultural economy of developing countries. Beekeeping has been and still plays a significant role in the national economy of the country as well as for the subsistence smallholder farmers.
In 2018, Ethiopia produced 50,000 tons of honey This was produced by more than one million beekeepers, who maintained more than six million bee hives.
Generally, beekeeping is an old agricultural practice in Ethiopia. About one million households are involved in the honeybee’s business.
Ethiopia’s honey is known for its desirable qualities such as low moisture content and a variety of natural and delicious flavors.
Some challenges to honey production in Ethiopia include:
Lack of beekeeping knowledge
Shortage of trained manpower
Bee behavior: Swarming and absconding behavior of bees
Shortage of beekeeping equipment
Pests and predators
Pesticides: Increasing use of pesticides on farming land, inappropriate use of pesticides, and sublethal exposure to pesticides
Inadequate research and extension services
Bee forage: Limited availability of bee forage, especially water during droughts
Infrastructure: Poor infrastructure development
Credit: Lack of credit access
Financial: Financial problems
Input costs: High input costs
Climate change: Climate change hazards like flooding and droughts
Beekeeper safety: Theft and vandalism by humans
Some factors that could improve honey production in Ethiopia include:
Modern hives
The southwestern part of Ethiopia, has dense natural forests, appropriate environmental conditions, and different species of flora and fauna
Over the past 26 years, the average amount of honey produced per hive in Ethiopia is 8.3 kilograms. Traditional beehives produce between 5 and 8 kilograms of honey per colony per year. Modern hives can produce up to 60 kilograms of honey per hive.
The amount of honey produced per hive depends on several factors, including: Colony strength, Environmental factors, Bee forage availability, Hive type, Beekeeper management.
The most common way for beekeepers to make money is by selling honey. A single hive can produce 50–100 pounds of honey per year, which can sell for $5–$20 per pound. Raw honey is in high demand globally.
Other products from the hive include: Wax, Propolis, Royal jelly.
Beekeepers can also make money by renting out their bees for pollination services. Some beekeepers earn a full-time income from this alone. To do this, they need a lot of equipment, beehives, and experience.
Ethiopia Honey in the Global Market
Ethiopia is the largest producer of honey in Africa, accounting for 23.6% of the continent’s total production. However, Ethiopia only accounts for 2.9% of global honey production. This is due to differences in production methods.
Ethiopia is also the fourth largest producer of beeswax in the world.
In 2022, the average price of honey exports from Ethiopia was $3,555 per ton. The average price of honey imports into Ethiopia was $2,181 per ton. The global honey market was valued at $8.58 billion in 2021. It is expected to grow to $12.9 billion by 2030.
The United States is the world’s leading importer of honey. In 2022, the US imported $794 million worth of honey from other countries.
China is the world’s largest market for honey. In 2021, China produced over 472,000 metric tons of honey, which is almost five times more than the second-largest producer, Turkey.
The main buyers of Ethiopian honey are:
Germany, United Kingdom, Sudan, Norway, Saudi Arabia, Yemen.
The main buyers of Ethiopian beeswax are: Germany, Japan, United States, United Kingdom, Italy.
Global Honey Market and Producers
The global honey market was valued at $9.3 billion in 2023. It’s expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2032.
China is the leading country for honey production. In 2021, China produced about 500,000 tons of honey, which is a quarter of the global honey output.
Here are some other estimates for the global honey market:
2022: $8.9 billion
2021: $8.58 billion
2020: $8.17 billion
2017: Peak production of 1.88 million metric tons
Most of the world’s honey comes from domesticated beehives. The top five honey producers are China, Turkey, Argentina, Ukraine, and the United States. These five countries produce 1.2 million metric tons of honey annually.
Here are some of the top honey-producing countries:
China – The world’s largest honey producer. China has many honey bees and a variety of plants.
Iran – Produces about 77,000 tons of honey each year.
Turkiya – Produces 96,344 tons of honey. Turkey’s Black Sea region produces a rare and expensive honey called “Elvish honey”.
New Zealand – The country with the highest dollar value of honey exports in 2021. New Zealand is the sole distributor of Manuka honey.
Honey is a source of vitamins, minerals, calcium, and antioxidants. It’s also used to nourish bee colonies.
This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.
For Insights and Business Intelligence on Honey Sector in Ethiopia or in other countries, please send an email of interest to: info@triconsultingkyoto.com
The last decade has seen the optimism of Africa Rising give way to concerns of stagnation, debt, conflict and food insecurity. Yet many of Africa’s economies have continued to grow. African tech attracts large amounts of capital and the continent’s commitment to creating a single market has resulted in many other countries paying Africa unprecedented attention, creating opportunities to attract more investment. How can African countries steer the right diplomatic and economic course; manage the energy transition effectively and also create the economic conditions to ensure that its young, fast-rising populations find jobs to fulfil their own aspirations and contribute to their nations’ development?
Gather a prestigious line-up of businesses, policymakers and thought leaders from Africa and around the world for serious and productive discussion about the Africa continent’s challenges and aspirations.
77% of in-person attendees in 2023 were CEO, Managing Director, Vice President or Director level meaning you are amongst top decision-makers
An opportunity to establish new relationships and strengthen existing ties through the summit dinner, drinks reception and networking lunch
You’ll be joining a prestigious business community from across Africa and beyond
Here are some economic and investment summits in Africa:
2023 BRICS Summit: South Africa hosted the BRICS Summit.
Financial Times Africa Summit: A one-day event for business leaders, politicians, and financiers.
U.S.-Africa Leaders Summit: Built on shared values to foster new economic engagement.
Third Turkey-Africa Partnership Summit: Held in 2021.
India-Africa Forum Summit: Last held in 2015.
Other summits include:
Shaping Africa’s Future: Geopolitics. Business. Sustainability.: Brings together people from policy, business, and academia from African and European countries.
Some characteristics of African economic development include:
Economic growth coexists with severe poverty.
Considerable disparities between regions and countries.
Resource exploitation and economic diversification are both being pursued.
In 2023, Africa’s economy slowed to 3.3 percent from 4 percent in 2022. Growth is expected to rebound to 4 percent in 2024.
The Importance of Economic Summit in Africa
By Shirley Ze Yu is Director of the China-Africa Initiative at the Firoz Lalji Institute for Africa at LSE, and senior practitioner fellow at the Ash Center, Harvard Kennedy School.
Economic and investment summits are important for the economic development of every country in the world. The purpose of an economic summit or forum is to position stewardship at the heart of investment decision-making by facilitating dialogue, creating long-term solutions, and enhancing value.[1]Participants can discuss a wide range of subjects including investments, trends in the financial industry, market opportunities in the investment industry, good practices, and related topics. Other objectives of economic and investment summits include the following:
Providing a global platform for engagement and dialogue on emerging and key issues related to investing for sustainable development.[2]
Advancing projects to bankable stage, by effective project preparation as well as efficient transaction advisory services that advances deals in the Africa Investment Forum pipeline.[3]
Helping Africa finance its economic development projects and agenda.
Promoting and facilitate global trade between Africa and the rest of the world.
Creating a solid platform for the African diaspora to contribute to the development of the continent.
The significance of economic and investment summits is undeniable. Africa has a huge need of capital investment necessary to compete in the global economy. The continent is largely underdeveloped in a variety of sectors. Therefore, the promotion of capital investment remains a gigantic alternative to close this gap and advance Africa economically.
US-Africa Leaders’ Summit
U.S.-Africa Leaders Summit
A general view during the U.S.-Africa Leaders Summit at the Walter E. Washington Convention Center in Washington, D.C. on Tuesday, December 13, 2022 (U.S. Department of State)
The US-Africa Leaders’ Summit is another major international forum to be considered. It was born on August 4-6, 2014. President Barack Obama initiated this great program to consolidate ties with African nations based on clear principles such equal respect, mutual interests, and common values. For the United States, it represents a unique opportunity to build solid rapports with their African counterparts on several fronts: economic, political, diplomatic, geopolitical, and security. Since its inception in 2014 under President Barack Obama’s presidency, the US-Africa Leaders’ Summit has yielded several great fruits. For example, the 2022 Summit aims to:
Better foster new economic engagement;
Reinforce the U.S.-Africa commitment to democracy and human rights;
Mitigate the impact of COVID-19 and of future pandemics;
Work collaboratively to strengthen regional and global health;
Africa represents a great opportunity for both the US and the world. The Summit offers excellent pathways to tackle the challenges African nations face. The Summit provides the US with an open opportunity to engage directly with African leaders, including political leaders, business officials, entrepreneurs, and the diaspora. It also engages with major institutions on the continent such the African Union (AU), Economic Community of West African States (ECOWAS), and many more.
Forum on China – Africa Cooperation
The Forum on China-Africa Cooperation (FOCAC) was established in 2000 as a uni-multilateral partnership platform between China and 53 African states.[2] Like any other summits, the FOCAC is a platform economic cooperation, diplomatic exchange, security relations development, and social interactions between China and Africa. The forum has a clear objective and operating mechanism: to forge a new partnership with Africa and become the world’s most great power by 2049.
The New Africa-France Summit
The aim of this event, with a new format, new actors and new themes to address new challenges is strengthen the bonds between France and Africa.[3] Through this summit, France attempts to reshape its relationship with Africa in several domains: economy, security, business, culture, and politics.
Example of Economic and Investments Summits in Africa
There exist several economic and investment summits in Africa. They include: Nigerian Economic Summit, Africa Investment Forum, Africa Economic Conference, Invest in Africa Summit, Invest in Africa Connect, and Corporate Council on Africa U.S.-Africa Business Summit. Summits are organized by both African leaders, world investors, and governments.
1. The Nigerian Economic Summit
The Nigerian Economic Summit is a partnership between the Nigerian Economic Summit Group and Federal Ministry of Finance, Budget, and National Planning. The first Nigerian Economic Summit was held from February 18-20, 1993. It was held to build a dialogue an economic dialogue between the public and private sector in Nigeria. Since that first Summit, the Nigerian Economic Summit Group, a private sector led think tank, has organized the annual Nigerian Economic Summit in partnership with the Federal Government of Nigeria.
2. Africa Investment Forum
The Africa Investment Forum is Africa’s investment marketplace, championed by the African Development Bank and its partners, to accelerate the closure of the continent’s investment gaps. The Africa Investment Forum operates as a multi-stakeholder, multi-disciplinary platform dedicated to advancing projects to bankable stages, raising capital, and (c) accelerating the financial closure of deals. It is by far one of the most important economic and investment platforms on the African continent.
Figure: The Africa Investment Forum
Source: African Financial Development Bank, 2022.
A flagship initiative of the African Development Bank, the Forum was launched in 2018 with seven other founding partners: Africa 50; the Africa Finance Corporation; the African Export-Import Bank; the Development Bank of Southern Africa; the Trade and Development Bank; the European Investment Bank; and the Islamic Development Bank.
The Africa Investment Forum vision translates into three reinforcing objectives:
Advancing projects to bankable stage, by effective project preparation as well as efficient transaction advisory services that advances deals in the Africa Investment Forum pipeline;
Capital raising to mobilize partners and investors, especially institutional investors, for increased co-financing; and,
Accelerating financial closure of deals through a coordinated approach.[1]
Combined with $32.8 billion from the rescheduled 2021 Africa Investment Forum Market days—which took place as virtual boardrooms in March this year—the forum has mobilized a total of $63.8 billion of investment interest this year. Since its inception in 2018, the Africa Investment Forum platform has mobilized over $100 billion in investment interests.[2]The forum showcases the Africa Investment Forum’s founding partners’ joint resolve to help unleash Africa’s investment potential in such critical sectors as infrastructure, agriculture, energy, education, the creative industries, sports, and transactions that champion women entrepreneurs.
3. Africa Economic Conference
Source: United Nations Economic Commission for Africa
The 2022 African Economic Conference (AEC 2022), jointly organized by the African Development Bank (AfDB), the Economic Commission for Africa (ECA), and the United Nations Development Program (UNDP), is planned with the theme “Supporting Climate-Smart Development in Africa”. The conference brings together a variety of stakeholders—including policymakers, climate experts, the private sector, researchers, and youth—to discuss the challenges posed by climate change, identify opportunities and strategies for adaptation and mitigation, draw lessons from successes, identify key strategies for financing mobilization and draft an action plan to support the low-carbon and climate-resilient development of Africa.
4. Invest in Africa Summit
AFSIC – Invest in Africa Summit is one of the most important forums for Investment, Trade and Business into Africa. Invest in Africa Summit is recognized as a unique forum to initiate and promote business networking across Africa and to originate and conclude trade, investment, and close new business deals. The Summit gathers 1000-plus key economic players such as government delegations and policy makers, high-profile African leaders, project developers, investors, and entrepreneurs. The 2-days event provides a unique platform to gain strategic knowledge about African investment opportunities and business networking. The convention will cover economic sectors such as manufacturing and infrastructure development, agribusiness, Renewable Energy, Real Estate transportation, Digital Technology tourism, Financing SMEs, Women in Business, Healthcare, telecommunications, and Fintech, and natural resources sectors.[1]
5. Invest in Africa Connect
Invest Africa Connect is an initiative of Invest Africa, a leading business and investment platform, using over sixty years’ experience in Africa to provide its members with unique information and exposure to business opportunities. Through our Invest Africa Connect program, the organization partner with must-attend conferences, providing our members discounted rates on delegate seats, and invitation to special events taking place alongside these conferences. Invest in Africa Connect plays a central and influential role in Africa’s socio-economic growth by guiding sustainable capital towards key prospects on the continent. Headquartered in London, Invest Africa also operates from four chapter cities: Johannesburg, New York, Dubai, and Geneva.[2]Invest in Africa Connect is on the way to contribute to Africa’s private sector development in several ways.
6. Corporate Council on Africa U.S.-Africa Business Summit
The U.S.-Africa Business Summit is the largest and most influential U.S. conference on doing business and investing in Africa. The Summit explores a renewed commitment by both public and private sector stakeholders to building stronger U.S. and Africa trade, investment and commercial ties as we emerge from unprecedented health and economic challenges. The U.S.-Africa Business Summit brings together several U.S. and African private sector executives, international investors, senior government and multilateral stakeholders. Our objective is to enable you to connect with government and private sector decision makers over the course of four days and to deliver the insights that you need to move your organization forward.[3]The Summits include: plenary sessions and sector-oriented panels, invest in Africa country forums, welcome receptions and gala diners, private meetings, high-level dialogues, doing business in Africa with Prosper Africa agencies, B2B and B2G networking, and exhibition centers.[4]
What are implications of Economic Summits for Africa?
Economic summits carry out several implications no matter where they are held in Africa.
Economic growth
Economic Summits impacts economic growth and have the capacity to create a continental capital development ecosystem that benefits countries and society in general. The level of Africa’s economic development will be driven by the degree of investment opportunities it builds directly or indirectly. The more investment a country makes it in its economy the more economy growth it gets. For example, economic summit drives foreign direct investment.
FDI inflows to the African continent and subregions, 2020-2021
Source: World Investment Report 2022
This figure indicates that Africa has continued to attract foreign direct investment from a wide range of partners worldwide. Africa has a substantial private investment gap. Every business needs money to grow and generates revenue. For instance, from 2020 – 2021, Africa’s five regions: North, West, Central, East, and South Africa, attracted $83 billion.[1]
In the majority of cases, these businesses are spearheaded by Africans under the age of 35. In fact, 2021 was a record-breaking year for Africa’s start-up scene, which secured over $2 billion in funding. The African Development Bank (AfDB) attributes this mostly to “large economies and sizeable populations.”
Human Capital Development
There is an undeniable relationship between human capital and economic growth. What makes it possible is the amount of money and quality of capital investment. Capital investment is a critical contributor to the development of capabilities and knowledge.
Countries with high-quality human capital stocks can benefit more from the financial sector, as many scientists, researchers, doctors, accountants and financial analysts in these countries can make efficient and effective choices among different alternates. They are more efficient and effective in using opportunities and resources and can also innovate better to support the financial sector growth. These are all essential to promote growth in the economy.[2]
There is an excellent relationship between economic summit and financial capacity building and quality human resource development. A well-developed economic system is key to the growth of society in general. In this growing digital world, young people need to be trained to the new technology innovation and development norms as they influence the future of work. Money investment and economic growth are strictly related by the fact that a robust venture capital and foreign direct investment are facilitators of economic development. Economic summits should be at the center of Africa’s international investment attraction for development. Economic summits serve as platforms for African nations to accelerate cooperation and partnership for private sector development. Economic investment and human capital development are intrinsically linked or related. Investments in human capital (youth development) can generate returns.
At the diplomatic level
Economic investment creates or reinforces two types of diplomacy: business and economic. In the international relations, business and economic institutions are basically made up of rules and principles. In business management, it is called contract. In pure diplomacy, it is called cooperation. What is cooperation or international cooperation? International cooperation tends to be associated with development and economic growth. International economic cooperation between countries and/or companies can be seen as a vehicle for diplomatic relations development. Economic and business diplomats facilitate the creation of investment opportunities, build strong international business relations with foreign nations, and act as advisors to young people in their international career development. By organizing and promoting summits, countries seek to consolidate their economic ties and business diplomatic machine in several ways possible.
At the geopolitical level
Secretary of State Antony Blinken declares at the US-Africa Leaders’ Summit: “Africa is a major geopolitical force. It’s one that has shaped our past, it’s shaping our present, and it will shape our future.”
Figure: Anthony Blinken at the US-Africa Leaders’ Summit 2022
Source: US Africa Media Hub on Twitter
Africa represents a gigantic geopolitical battleground for major powers such as the US, France, Russia, and China. Home to what the world needs to continue its development and innovation, Africa remains the most significant geopolitical force. In support of this argument, Ambassador Rama Yade, director of the Atlantic Council’s Africa Center writes:
‘’US policy in Africa has been thrown off course by China, which is methodically implementing a grand, 21st-century Marshall Plan for the continent through its Belt and Road Initiative. And Beijing is hardly to blame. As home to a large share of the world’s water resources, untapped arable land, and by 2050 nearly 25 percent of the world’s population, Africa has emerged as the most important piece on the geopolitical chessboard. Without a drastic shift in strategy, the United States is on the verge of being on the outside looking in for decades to come’’.[1]
It is clear from the above that Africa will continue to attract diverse great powers for its significant amount of natural resources. The continent continues to grow in radical importance for the world including nations like China, America, Russia, and many more. The growing influence of China and Russia in Africa also worries America and its allies. Therefore, there will always be confrontations between these major powers out there. Rama Yade also emphasizes this rivalry in the following text:
‘’China is playing the long game in Africa and has strategically invested in infrastructure projects including railroads, ports, dams, and hydropower-generation sources. But these investments could be the warm-up act for China’s entry into fields traditionally dominated by the United States—namely technology and banking—where it aspires to compete with American heavyweights like Microsoft, Boeing, Google, and General Electric. Such game-changing moves would play into China’s larger ambition of unseating the US dollar’’.[2]
Economic and business summits also have geopolitical implications. Most summits are organized states and their institutions. The nature of these events becomes a political one. For example, China-Africa Forum is a pure product of the Chinese government, creating a clear pathway for them to invest in infrastructure development projects in Africa.
Key Lessons Learned from Organizing Economic and Investment Summits in Africa
There are several lessons to draw from the ongoing development and organization of economic and investment summits on the African continent. We see several benefits and challenges for the continent.
Africa’s development is impossible without proper venture capital investment
Source: Center for Economic Policy Research, 2021
Africa needs capital to grow. This comes from an effective combination of venture capital and foreign direct investment, and other investment opportunities. Dr. Eisen reports that lack of capital access is big problem and blocks the growth of innovation and entrepreneurship in Africa:
In order for Africa to fully utilize its business potential, however, there are many challenges to overcome. It is estimated that 70% of African startups lack access to talent and capital to grow their businesses. The proportion of female-founded startups in the first half of 2022 was only 27%, and investors based in Africa accounted for 29% of total investments. Building a diverse startup ecosystem at home is crucial to maintaining growth momentum and intensifying the technological and digital revolution. African VC firms, accelerators, entrepreneurial support programs and grants from government and nonprofit organizations should comprise this ecosystem.[1]
Dr. Leon Eisen is an inventor, entrepreneur, board member of the Global Africa Leadership Council, WBAF Senator and Oxitone Medical founder. His assessment of the grand challenges facing African entrepreneurs reinforces the urgent needs for African leaders to build more economic summits that would help close this huge gap. With proper management and organization, these investment would generate sufficient funds to accelerate the building of more entrepreneurs on the African continent. It is clear that Africa’s competition in the global economy will be highly dependent on how successful its youth are.
The venture capital big 4 investment paradox is a big problem
The World Economic Forum reports that 92% of Africa’s investment in tech is won by just four countries: Nigeria, Egypt, Kenya, and South Africa. Known as Africa’s ‘’Big 4’’, Nigeria, Egypt, South Africa, and Kenya continue to attract the important of foreign investment in terms of venture capital funding. The African Development Bank’s (AfDB) 2021 report states that these four countries account for about a third of the continent’s start-up incubators and accelerators and receive 80% of foreign direct investment (FDI) into Africa.[2]One of the plausible ways to address that issue is to facilitate greater investment opportunities everywhere in Africa.
In spite of global inflation and a macroeconomic environment that discourages investments, Africa’s venture capital ecosystem remained bullish in the first half of 2022. There were 445 venture capital deals (to 300 unique companies), setting another record with over $3.5 billion raised. Additionally, it is predicted that VC deals will reach $7 billion by 2023.[3]
The venture capital funding and raising predictions for the next coming years are promising. It is clear signs that the future of business is in Africa. Economic summits constitute great opportunities to finally embark Africa in the next development flight.
The building of responsible investment leadership and opportunities
Several nations in Africa faces several challenges in attracting regional and international investors. Examples of problems include poor infrastructure, corruption, poor international credit rating, and violence. Responsible investment leadership is crucial. In the current business environment, characterized by change and new and sometimes unpredictable challenges, it is important that leaders have the capability to act responsibly, to deliver a business which meets those challenges without causing detriment to their stakeholders or the world in which they exist.[4]
Responsible investment leadership can be seen to bring value and benefits to institutions and young people in Africa. Venture capitalists and investors do not invest in a country that does not fight corruption or create transparent capital investment protection policies. African leaders can all play a significant role in the development of a great continental economic development ecosystem by committed to being responsible investment leaders. A responsible investment in human capital, youth development, and economic development will benefit in a multitude of ways. African leaders should hold themselves accountable, so they should exemplify the characteristics of responsible investment leaders and encourage other populations to do so. A key role for responsible leaders particularly is to ensure that the country or organization is not simply focused on economic development objectives, but rather to propose and implement other key metrics, and provide evidence of the positive impact of responsible decisions. Calling for investment can assist with economic growth, although it is significant that not all leaders behave responsibly and have a measurable impact on society. By promoting responsible capital investment leadership, nations will contribute to a better society of culture and performance at all levels. Responsible investment leadership will contribute to the development of an ecosystem that will not leave African entrepreneurs’ hostage to the ever-growing big dollar whims of several venture capitalists and foreign investors.
Conclusion: where do we go next?
Africa is at the center of gigantic economic stakes for the world. Economic and investment summits constitute excellent engines that Africa should use to increase investment opportunities and improve the economic situation out there. Considering the above lessons African governments and policymakers should encourage international investment marketplaces through strong public-private partnerships. Money will always become the fuel that keeps an economy running. Therefore, economic and investment platforms such as summits and conferences will still be the center stage of capital raising through which Africa will grow its economy. Institutions such as the African Development Bank, US Chamber of Commerce, US Corporate Council on Africa, World Economic Forum, United Nations Conference on Trade and Development (UNCTD) can assist in the provision of economic summits to contribute to capital investment on the African continent. They provide platforms for engagement and dialogue on emerging and key issues related to investing for sustainable development. For Africa in particular, economic summits to promote new investments in industry can contribute to a significant amount of economic development and societal changes. International investment platforms will continue to become a driving force for a more inclusive and sustainable continental economic growth at all levels. The consequences of economic summits will be potentially far-reaching for the configuration of the continental value chain with big implications for economic development. Although most countries see a tiny fraction of venture capital investment as opposed to the Big 4’s, the promises of current successful investment promotion platforms throw a huge amount of optimism in the air.
Economic summits organized in Africa or by Africans across the world, like any other forms of investment platforms, will contribute to the construction of an incommensurable explosive economic dynamic, rebuilding the capital investment culture necessary to make Africa compete in the global economy. Economic summits help foster a solid innovation environment that sustains financial development and growth. Most significantly for making Africa the center stage of the world’s future and emerging as an economic powerhouse.
To that end, African leaders must encourage the building and organization of more economic summits that could be critical ways for generating capital funding and foreign direct investment, catalyzing new employment and business development in Africa, helping more young people find a place in a changing continental and global economy, and changing the economic story of a continent that is really one of the world’s greatest diplomatic machines.
As long as Africa does needs venture capital investment to grow and as far as the venture capital investment game continue to be played out across the globe, Africa will just sit and Watch. Indeed, young leaders will find ways to grab their parts of the cake.
Notes
Shirley Ze Yu is Director of the China-Africa Initiative at the Firoz Lalji Institute for Africa at LSE, and senior practitioner fellow at the Ash Center, Harvard Kennedy School.
Special note
The views expressed in this note can be attributed to the named author only.
[1]US Department of State (2022). US-Africa Leaders’ Summit. https://www.state.gov/africasummit. This piece of information was extracted from the Department of State’s Official Website.
