RioVida Africa

Global Social Policies

Africa on top 50 list of favorite Outsourcing destinations

According to AfrolNews, more and more Western companies discover Africa as a cheap and reliable location for the outsourcing of their services; typically IT, business processes and call centres. While India and China still are the dominant "offshore" locations for such services, wage costs there are rapidly rising, opening up possibilities for African skilled labour.

A secret for insiders until now, it is now "official" that seven African countries are amongst the world's most competitive locations for outsourcing company services abroad. These seven countries - Egypt, Mauritius, Tunisia, Ghana, South Africa, Morocco and Senegal - figure on the latest annual survey by the Washington-based global management consulting firm AT Kearney, which has ranked the world's top-50 "offshore locations".

One of the most interesting developments of the index is the steady rise of African nations in the ranking and the ever-increasing number of African states entering the top-50 list, pushing out countries from Eastern Europe and Latin America. While labor costs are getting too high in those regions, African states improve their education, skills, infrastructure and business climate.

A 500 million-dollar development assistance package to Africa marks a new era for Russia.

As a minerals producer and producer of oil and gas, Russia understands the value of owning a major share of Africa's mineral resources. Russia plays a substantial economic role the new multi-polar world. Russia's investment in Africa will assist build a consumer market by stabilizing the country and it will strengthen their position as an economic power by being able to provide or withhold natural resources to energy-poor countries such as the European countries and China.

Russia now heavily competes for Africa's resources with Europe, the United States, India, China, Japan and South Korea. Since China now is one of the wealthiest nation in the world - Russia's involvement offsets the weakening role as an economic super-power of the United States influence in the world may create an interesting dynamic for geo-political issues in years to come. Will the US be invited to important conversations involving the future of Africa, Russia and China - or will the US slowly become a spectator?

Pangea

		The Pangea Minerals and Energy company has had varied individual and collective experiences in providing services to the various tiers of Government, as well as to some of the world’s leading Minerals and Energy Companies. It has spent a considerable time interacting with the Minerals and Energy Fields, Pangea Minerals and Energy purchases Crude Oil for its refining partners, ‘toll refineries’ and on-sells or the refined products to several African Countries where it is partnered with companies who have distribution licences. They have associate refineries in the Ukraine and in the Russian Federation as well as in Siberia, where they have shareholdings in two small oil fields that are conservatively estimated at USD $5 Billion in proven ‘in situ’ oil and gas reserves. Additionally they have their own Crude Oil which is sold as a variety of Refined Petroleum Products. Furthermore, they are currently in the final process of registration with SIR for the sale of Refined Products into Africa. Russian and Ukrainian partnerships been rewarding.