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Commercial Finance- Marketing to the African Marketplace |
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Written by Gregg Elberg
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Monday, 16 July 2007 |
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Word Count: 496 The U.S. Export-Import Bank is committed to providing financing for American
exports to many countries in Africa. There are substantial opportunities for
American companies to sell to the South African countries that in 2006 purchased
over 12 Billion dollars of U.S. exports.
The market opportunities in Africa are ginormous. With a total market size of
over 400 billion dollars and a population of over 680 million people, the
continent is hungry for food, housing, energy, transportation products, health
products and services, and sanitation facilities.
In the health care market there is an enormous need for quality pharmaceuticals.
Fake drugs are a problem in Africa. Similarly, quality health care services are
lacking. The large African health market is in need of companies to distribute
medicines and other health related consumer products and essential prevention
and treatment products.
In the telecommunications market there is a great need for increased mobile
phone services. There is also a need for pre-paid test messaging services;
eventually, Africa will catch up to the internet/computer revolution.
The water market presents new opportunities as cities grow faster than the water
infrastructure can expand. There is an urgent need for devices to abate
pollution caused by industrialization, agricultural runoff and lack of
sanitation services. In these areas, high tech inventions that are relatively
inexpensive to sanitize water will create social and health benefits for
millions of people.
In national energy markets Africa is a century behind the times. Kerosene is the
main fuel source for lighting. Firewood is the primary fuel source for cooking
in urban and rural markets. There is a tremendous need for solar powered LED
lighting, high tech home cook stoves and alternative cleantech energy sources.
The Export-Import Bank of the United States is the official export credit agency
of the United States. Their mission is to assist in financing the export of U.S.
goods and services to international markets. They provide working capital
guarantees to U.S. companies in the form of pre-export financing. They also
provide export credit insurance and loan guarantees to facilitate transactions.
They also provide buyer financing. A select number of U.S Banks partner with the
Ex-Im Bank to provide working capital loans, accounts receivable financing,
bridge loans and long term financing. For more information regarding the Ex-Im
Bank visit their website.
The bottom line: With a willing U.S. seller and a credit-worthy African buyer,
the United States Export-Import Bank is anxious to help facilitate exports to
the vast Sub-Saharan African marketplace.
Copyright © 2007 Gregg Financial Services
www.greggfinancialservices.com
Mr. Elberg is a licensed attorney and licensed real estate broker. Gregg
Financial Services is a full service brokerage for commercial finance companies
and banks that fund B2B businesses. Mr. Elberg arranges funding from $25,000 to
$50 million per month at competitive pricing, and works to reduce your financing
costs as your company grows. For more information about GFS, please visit our
website: http:www.greggfinancialservices.com
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