Why Africa

"The future is in Africa. There will be an increase in the population of 1.3 billion people, and everyone there will be young. ….. and as long-term investors for this must be significant. "

                                                                                                                                                              Prof. Jacob A. Frenkel, former Chairman of JPMorgan Chase International                                                                                                                                          and former Governor of the Bank of Israel

Africa has also more recently been characterized as an extremely dynamic continent, making significant progress in many areas since the mid‐1990s: from that date on it has either been the world's fastest‐growing continent or the second fastest after South Asia, and is expected to be the leader in inclusive growth.

  • With 1.3 billion people, most of them young people-The median age in Africa is 19.7years.

  • with the Fastest growing education sector and the world’s fastest growing online community. 

  • with 6 of the 10 fastest growing economies globally and 1 billion workers by 2030.

  • with 60% of the world’s arable land.

  • With an on-going living standard improving -Since mid-1990's the middle class has developed considerably, and the proportion of individuals living in poverty dropped notably from 56% in 1990 to 35% in 2012 according to World Bank figures

  • With Regional Anti-Corruption Programme for Africa that Combating Corruption and Improving Governance

  • With explosion of tech hubs across Africa that has shown no signs of slowing down: the number of tech hubs across Africa grew by nearly 50% in 2019, the continent is the fastest growing continent for developers globally and many global companies are moving their support service to Africa.

Therefore, Africa Should be prioritize!

       

           

Medical Cannabis, Africa

 

“Over 300 days of sunshine per year… It has ideal humidity and growing conditions for greenhouse cultivation. Together with very low operating and resource costs, this places …..in a position to produce large quantities of high quality medical cannabis at a low cost.”

“If your investment in that region (Africa), that geography, could actually make a return, then of course we’re going to be there.”

“Openness to legal cannabis production made investing there an obvious option.”

                                                                                                                                                                                     Bruce Linton, Former Canopy Chief Executive.

The big north American cannabis companies are increasing their activity in Africa, like:

 

Canopy Growth Enters Lesotho with $29 Million African Cannabis Producer Acquisition https://www.newcannabisventures.com/canopy-growth-enters-5th-continent-with-29-million-african-cannabis-producer-acquisition/             

 

Supreme Cannabis Invests $10 Million in Medigrow Lesotho https://www.newcannabisventures.com/supreme-cannabis-invests-10-million-in-medigrow-lesotho-targeting-oil-production/                   

 

Halo Labs to Acquire African Cannabis Producer for C$24.7 Million https://www.newcannabisventures.com/halo-labs-to-acquire-african-cannabis-producer-for-c24-7-million-in-stock/            

         

 

AFRICA and Mainly Zimbabwe has an Ideal climate and geographical conditions for Medical Cannabis growing, Lower Labour Expenses and Land availability supported by educated and quality Human Resources means Zimbabwe has the potential to take the lead and to become a cultivation and growing leader in the field of Medical Cannabis.
 

©2019 by NIRCOM.