Page 23 - ITA Journal 3-2018

East Africa is becoming a major emerging market!
The East African region has the potential to become a major emerging market. Steel is going to play a major role in this process. Whether it is for infrastructure, urban construction or for the use in manufacturing industries: the demand for various steel products in East Africa is already increasing rapidly and will likely continue to do so.
Companies from all over the world have the chance to reap the bene- ts of these developments. Oppor- tunities range from the exports of nished steel products, the supply of machinery to the local produc- tion of various steel products.
As it once was the case with every emerging economy, East Africa is yet at an early stage of its eco- nomic take-off. However, coun- tries such as Kenya, Ethiopia, Rwanda or Tanzania already offer interesting opportunities which can be realized already today. Companies that act fast can posi-
tion themselves to participate in the growth and development of a region and gain experience to outperform later entrants for many years to come.
Market information
africon GmbH
Carl-Ronning-Str. 1 28195 Bremen Germany
Tel: +49-421-33 111 800 info@africon.de www.africon.de
ITAtube Journal No3/October 2018
23