strategic investment research
Building strategies for Investment growth in Africa
Africa has long been seen as the next frontier for global investment, the combination of a huge youth population, an ever growing consumer class, and the rapid adoption of mobile technology has encouraged the view that Africa holds untapped potential for many sectors. Yet countries still struggle to grow, with even economies in markets considered to be promising.
At Mitalgic Global Limited, we understand that the challenges of breaking into the African market; Poor infrastructure, disparate access to electricity, and a reliance on informal trade to sell goods make the African landscape unique. The diversity of the continent made up of 54 countries and many ethnicities make it difficult to understand the continent in its entirety.
The challenges and opportunities surrounding market research in Africa are as follows Market research is used by companies looking to gain a better understanding of a market and consumer base, but in Africa, research is challenging to conduct due to multiple factors, including:
- Disparate Communications and Technology Access: Access to communications tools such as mobile phones and the Internet is varied across Africa. While both basic mobile penetration and smartphone penetration rates are growing among wealthier and urban populations, in rural areas, mobile phone penetration often remains low. Access to the Internet also varies widely depending on the population studied. Access to technology limits the modes through which research can be conducted in Africa, especially when researchers are looking to gather a nationally representative sample or one that reaches lower socioeconomic groups.
- Infrastructural Challenges: Inadequate roads and maps and a lack of access to clean water and electricity in certain areas can pose a challenge to researchers, especially those looking to conduct face-to-face research. It can take months for a team of researchers to cover the vast areas of land necessary to gather an adequate sample size in many countries in Africa, especially when collecting data from rural populations.
- High Number of Languages and Cultural Context: There are estimated to be at least 1,500 languages spoken throughout Africa, with many people speaking multiple languages or dialects that can be extremely specific to a region. This diversity means that research often needs to be conducted in multiple languages at once. Additionally, certain populations in Africa have a distrust for outsiders that can further hinder market research efforts. Due to these factors, in-person or telephone enumerators must be specifically recruited and trained for the population they are interviewing.
Opportunities for Market Research in Africa.
At Mitalgic Global Limited, we believe that despite these challenges, there is a need for more accurate market research data for the investors looking to understand African communities and their respective markets and audiences. While getting a full picture of the sub-Saharan African landscape for fast-moving consumer goods products would be a challenge, companies can gain insights on specific segments. To conduct effective market research in Africa, researchers should keep the following guidelines in mind:
- Narrow audience targeting: Due to the diversity of Africa as a whole, applying a research study to the entire continent is unlikely to yield useful results unless they are split into smaller sub-populations. Researchers should focus on a specific country, a region such as East Africa, or demographic group, such as urban youth populations. Those who are looking to conduct broader studies should ensure their sample sizes are large enough to compare results by country, region, or demographic group.
- Consider methodology and mode challenges: Researchers should consider what methodology will best suit their project and the population they are trying to reach. Projects with higher budgets and those looking to reach rural or illiterate populations may be better suited to an in-person method such as CAPI (Computer Assisted Personal Interviewing) or voice call method such as CATI (Computer Assisted Telephone Interviewing). Those with lower budgets may choose to conduct research via SMS or online through web-based links. Focus groups administered either in-person or via online or mobile-based focus groups may also be appropriate for certain projects.
- Hire local experts: Leveraging the experience of local market research firms is extremely valuable when researching in Africa. Market research companies who operate out of the countries they conduct research in will have a stronger knowledge of the local market than outside groups, and often have their own trained enumerators. Mitalgic Global Limited has a network of partners with offices and call centers throughout East, West, Southern, and Central Africa, and can bring valuable local knowledge to any research project.
Mitalgic Global Limited has a wide range of experience in conducting the following types of research throughout Africa:
- Market and Industry Report: Gain insights into markets in countries of your choice, including local market and industry conditions, trends, consumer base, competitive environment, existing and future opportunities, threats and more.
- Secondary Research: Take a deeper dive into the project topics of your choosing by commissioning our researchers to carry out detailed desk research on your behalf.
- Primary Qualitative Research: Strengthen your project data and learn from local thought leaders, consumers and market experts. Our researchers will use qualitative tactics such as focus groups, interviews and case studies.
- Market Research Strategies: Hit the ground running with an actionable go-to market strategy; we will deliver a roadmap towards entering the market of your choice, including marketing selection, marketing mix and customer acquisition.
- Local Sales Lead: Expand your in-country network and receive ready-warmed sales leads.
As a responsible investment partner in Africa, Mitalgic Global Limited maintains a continual focus on governance aspects in our investment decision-making and active stewardship of assets. Let’s get started
The industry sectors we served include
The cornerstones of our organizational sustainability.
As a responsible investment partnerr in Africa, Mitalgic Global Limited maintains a continual focus on governance aspects in our investment decision-making and active stewardship of assets. Let’s get started
Festus K. Okpara, Jr.
Particular focus on our priorities to climate change and business integrity.
Power & EnergyWe support power generation, transmission and distribution projects. We prioritize the development of renewable energy sources.
- All Power and Energy services include:
- Hydroelectric Power Plants
- Thermal Power Plants
- Wind Power Plants
- Solar Power Plants
- Nuclear Power Plants
- Energy Transmission Lines
- Energy Efficiency
Water and SewageWe support projects that provide water and waste disposal services, we aim to improve the management of waste and adequate distribution of water both urban and rural populations.
- All water and sewage services include:
- Dams, Reservoirs, Weirs
- Transmission Pipelines
- Water Supply and Distribution
- Sewerage and Storm Water
- Irrigation and Drainage
- Pump Stations
- Basin Planning
- Rural Development Projects
TransportationWe support projects that develop transport infrastructure or that provide market enabling logistics services. We prioritize projects that create new trade opportunities.
- All Transportation services include:
- Roads, Highways
- Bridges Viaducts
- Sea Ports, Harbors,
- Coastal Structures