Increase your business growth by establishing trade relationships with the rest of Africa and the world
ETK Services Out of Africa
Access Global Markets through our Extensive Network of Partners
We help African businesses find new global partners, offering advice and solutions through our network of trusted partners and ETK consultants. We specialise in the following markets.
United States of America
The United States of America (USA) consists of 50 states, 5 territories and 1 district (Washington D.C.), and is the largest economy in the world.
It is a very competitive and technologically advanced market which presents great opportunities for African business and entrepreneurs.
Over the last 8 years, the US made concerted efforts to boost trade between the US and Africa, as both imports and exports between Africa and the US had dropped significantly. According to 2015 figures, imports from Sub Saharan Africa dropped to $18.9billion, down 29.6% from 2014 and 63% from 2005. Total two-way trade between the US and Sub Saharan Africa countries stood at $37 billion in 2015. Approximately 39% of U.S. imports from Sub Saharan Africa were from South Africa and 15% from Angola. The top U.S. import suppliers from Sub Saharan Africa for 2015 were: South Africa ($7.3 billion), Angola ($2.8 billion), Nigeria ($1.9 billion), Chad ($1.3 billion), and Cote d’ Ivoire ($1.0 billion).
Stronger Together
PARTNERS AND MEMBERSHIPS
By partnering with other organisations, we can support them in delivering outstanding services to their clients and members, while at the same time increasing our ability to add value to all the clients we work with. Our partnerships include:
United Kingdom
The United Kingdom of Great Britain & Northern Ireland (UK) comprises 4 countries – England, Wales, Scotland and Northern Ireland.
Although geographically it is small, it has a very multicultural population of over 64 million, and is also the 5th largest economy in the world and the 2nd largest in the European Union. However, owing to the recent “Brexit” vote, the UK will soon leave the European Union.
With historical ties to a number of African countries, a majority of the UK’s trade with Africa is in goods and accounted for 68.3% of total trade between the two regions (as of 2014 figures), with South Africa being the UK’s largest import and export market. The UK’s FDI into Africa in 2014 was £42.5 billion whereas FDI from Africa into the UK stood at only £3.0 billion. With Brexit as well as more and more African business and entrepreneurs looking at global expansion as a possibility, these figures could change in the coming years.
Trade Out of Africa
As the world increasingly becomes a ‘global market’, there is a need for African businesses to take advantage of this trend as part of their growth and expansion strategy.
African products (and increasingly services) are being employed by businesses across the globe however, in order to tap into these global markets, you must have a good understanding of standards, procedures and most importantly, access. With years of experience operating in global markets and a good understanding of Africa, ETK is uniquely positioned to help your business ‘Go Global’!
Finland
Finland is a member of the European Union (EU) and is the 9th easiest country in to do business according to the World Bank Report 2014.
Though not its first language, English is widely used as the business language by a very affluent and technologically sophisticated population. With a largely export driven economy, Finland has built itself on high tech good and services.
Historically not a major trading partner with many African countries, Finland and other Nordic nations, are keen to increase trade relations across the continent.
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Netherlands
With a population of over 16 million, the Netherlands is considered one of the top business destinations having been ranked 7th by Forbes ‘Best Countries for Business’ in 2016.
The country is strategically located to allow access to most of Europe’s key markets with world-class sea and airports, an extensive network of roads and rail and a 100 per cent digital telecommunications network that ranks among the world’s best for quality, speed and reliability.
The most popular import from Africa to the Netherlands is roses imported from Kenya and Ethiopia accounting for about 85% of rose imports into the Netherlands. Though the rose sector is a major import area for the Netherlands, imports from Africa make up only about 2.3% as a percentage of total imports.