Nonprofits & Activism

4 myths and misunderstandings about doing business in Africa | Nomava Zanazo

Visit to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more. Business in Africa is booming — but international companies are missing out, says emerging markets expert Nomava Zanazo. Rushing in without knowing their customers, businesses underestimate Africans and make costly assumptions about their diversity, preferences and buying power. Sharing…

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Business in Africa is booming — but international companies are missing out, says emerging markets expert Nomava Zanazo. Rushing in without knowing their customers, businesses underestimate Africans and make costly assumptions about their diversity, preferences and buying power. Sharing the basics about what companies need to know to succeed on the continent, Zanazo debunks four myths and misunderstandings about Africa and its citizens — and invites businesses from overseas to share in its wealth … once they’ve done their research.

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46 Comments

  1. zeorhymer6

    April 27, 2021 at 2:50 pm

    South Africa…the elites of Africa. Please base everything around them.

  2. user928029174

    April 27, 2021 at 2:55 pm

    She left out the brown envelopes and back handers needed to do business in south africa, let alone the rest of africa. Another huge concern is shrinkage in businesses, employee theft is astronomical. I’ve seen everything from computers to toilet rolls being stolen from businesses by their staff.

    • Angie

      April 27, 2021 at 3:58 pm

      What are brown envelopes and back handers?

    • user928029174

      April 27, 2021 at 4:00 pm

      @Angie money needed to pay corrupt buyers and officials.

  3. MIDI RESURRECTED AGAIN

    April 27, 2021 at 3:13 pm

    SMH

  4. Big Dee

    April 27, 2021 at 3:37 pm

    Full time professional victims … sitting there while the rest evolved

    • Chi Official President Cao Hexillionaire Star STORE

      April 27, 2021 at 4:28 pm

      P

  5. Maulanaisme

    April 27, 2021 at 3:38 pm

    I like her accent

  6. lin90210

    April 27, 2021 at 4:03 pm

    The Western world stereotype that other countries are lower than them…no way…other countries are way more forward and lead the way in developing technology and products

    • N Jones

      April 27, 2021 at 8:47 pm

      such as?

  7. sleep lover

    April 27, 2021 at 4:10 pm

    Thank you so much! Your speech was very useful and interesting!

  8. William Wright

    April 27, 2021 at 4:16 pm

    And once they figure out how to market to local African communities, apply those same principles to the US, as US cultures are also quite granular and very diverse and both businesses and customers would be better served if these facts were properly appreciated.

  9. William Wonka

    April 27, 2021 at 4:24 pm

    Pass

  10. Butch Atkinson

    April 27, 2021 at 4:40 pm

    Is this an advertisement?

  11. Jimmy's

    April 27, 2021 at 4:51 pm

    You are smart and brave, thanks for sharing 🙂

  12. Kevin Matthew Joubert

    April 27, 2021 at 4:55 pm

    Doing business in South Africa means you need to be prepared to give away half your company to the black connected and this lady is obviously one of them defending the corrupt.Tsek

  13. BvL

    April 27, 2021 at 4:55 pm

    Loved this, so many still don’t understand that Africa isn’t one big country

  14. 0 0

    April 27, 2021 at 5:21 pm

    Is this how all Africa thinks or certain africans. Im sure there is a bit of everything everywhere.

  15. TopGames 111

    April 27, 2021 at 5:25 pm

    Fact 5: you can dump oil in nature and get away with it. Talking about you DutchShell.

    • walperstyle

      April 28, 2021 at 6:20 am

      Oil came from nature, and is leaking naturally in Northern Alberta. We just clean it up. Yet we too have activists that produce nothing and complain all day with no solutions they bring to the table because they think if they make enough noise, people will care about them.

  16. Shanaya Botão

    April 27, 2021 at 5:32 pm

    Okay, so she’s inviting foreigners to start business here (in Africa)?

    • user not found

      April 27, 2021 at 10:05 pm

      First we start new businesses and take over all your larger existing ones, then we move into your local-politics.
      In the end we will run your country like good old times, except, this time we were invited to take over.

    • Shanaya Botão

      April 27, 2021 at 10:10 pm

      @user not found 😂😂😂

  17. Wateen Al_sayadi

    April 27, 2021 at 6:06 pm

    That was really fascinating.. really glad to come across this.

  18. Mohamed Dianka Traore

    April 27, 2021 at 6:21 pm

    Great speech we appreciate keep pushing and good luck

  19. NGUIMENI STEPHANIE

    April 27, 2021 at 9:13 pm

    Thanks for this beautiful presentation of the REAL AFRICA. These are concepts people really need to understand.

  20. Beverly Rose

    April 27, 2021 at 9:49 pm

    *No 1: Don’t Only Hope On Government For Income,*

    *No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,*

    *No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.*

    *It’s 100% Good To Have Different Ways To Gain Income*

    *Because Government have failed us so therefore let’s try and survive*

  21. user not found

    April 27, 2021 at 10:00 pm

    1:39 – There is a lot of money to be made in Africa, but, it does not come from the Africans themselves, it comes from exploiting their natural resources.

  22. ambereen ahmed

    April 28, 2021 at 1:13 am

    How wise are the Africans. They should be appreciated more.

  23. DrJackJeckyl

    April 28, 2021 at 1:42 am

    Where is the furniture?

  24. rika

    April 28, 2021 at 3:57 am

    She is absolutely brilliant

  25. Govind Bagariya

    April 28, 2021 at 4:50 am

    Ek video future of block chain technology in India pr bhi banaye.
    Block chain is exponentially changing the technology world.
    How India’s business sector can implement it?

    Request of govind

  26. D. Vee

    April 28, 2021 at 5:42 am

    Kill the boer.
    . Removes the food

  27. Ngalla Herdman

    April 28, 2021 at 10:45 am

    A workmate of mine had a uncle in South Africa he had his leg chopped off because he wouldn’t leave his farm

  28. Terraena

    April 28, 2021 at 11:10 am

    OMG she is gorgeous!

  29. Antony Jones

    April 28, 2021 at 4:20 pm

    ADA Cardano

  30. roberto duarte

    April 29, 2021 at 3:21 am

    The myth about that Africa is one country is true, a lot of people really believe that, and that is almost in all the country

  31. chonbonachonn

    April 29, 2021 at 6:56 am

    THANK YOU SO MUCH, grettings from Spain.

  32. Ottar Kraemer

    April 29, 2021 at 11:15 am

    Excellent talk! <3

  33. Irina Pereira

    April 29, 2021 at 5:54 pm

    Such an interesting talk! Uau!

  34. Another Name

    April 29, 2021 at 8:21 pm

    Booring!!!

  35. Mangold Kelz

    April 30, 2021 at 1:18 am

    Food for thought

  36. Esther de Levie

    April 30, 2021 at 7:41 am

    Bravo, love your content and your powerfull presentation

  37. Salvatur7

    April 30, 2021 at 5:44 pm

    I was born and live in South Africa… I wouldn’t do business here. Corruption and incompetence will screw you over.

  38. Lisa Love Ministries

    May 2, 2021 at 1:40 pm

    Proverbs 9:10 👑

  39. Ahegod

    May 2, 2021 at 10:33 pm

    2:03 Myth 1
    4:34 Myth 2
    6:55 Myth 3
    8:56 Myth 4

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