Do you know that the world’s economic centre of gravity (wealth) is shifting from developed
economies to emerging economies like China, Brazil, India and Many other African countries??.And A pretty number of Companies that never dreamed of expanding to emerging markets are now aspiring to invest in this particular markets? Yesss!.Have you ever asked yourself why so?
Its the tremendous potential they are holding darling.Emerging regions have high growing population,less investing risks, income level is increasing,so is purchasing power and along many other indicators.Since, this blog is based on Fashion then Let us explore MANGO today .
Basically, Mango is a Spanish apparel brand based in Barcelona. Currently, the group has over 1220 stores in over 92 countries.Woop!Woop! It even gets e more excited when I know that this brands/companies are venturing in Africa .Well, Through website I came to realise that Mango is already in 15 countries in Africa including Nigeria,Ghana, Angola, South Africa, Tunisia, Senegal and Cameroon.
Too bad that Mango is not yet in Tanzania! However, we Tanzanians have to realise that, business opportunities are available out there,and it time to go and grab them.Look at Bharti Airtel, It started in India but, at the moment is operating in more than 17 countries in Africa including Tanzania and it is doing well in almost every country.This is what i want to see Tanzania in the few coming years that huge brands are penetrating and expanding in Tanzania Market or Local Tanzania companies are going global.Probably, there some people who will argue that,allowing companies investing in our country will lead to stiff competition or whatever.Yes, that is how it suppose to be.Competition should be encouraged in order to wake our people's minds.Lakini hata hivyo, they say 'if you can't stand the heat, get out of the Kitchen'. That is, If you can't compete stay out of the market, allow others who can,to compete .M pretty sure there are more benefits will be realised when Mango and other companies expand to Tanzania.For example, jobs opportunities will stimulate economic development as a result the purchasing power will increase and standard of living will increase too!anyway,(let us reserve TZee for the moment cause I know for sure, Our time is Coming very soon*Mark my words*).
Anyway, I'm still very happy that Country like Nigeria and Ghana who are ahead of us in grabbing the opportunities are taking advantage of it.Mango has online shop in every country where you can shop under the the currency..like Nigeria which is Naira hence you can shop using Nigerian Naira he he he , take a look of Mango Nigeria.
*Yawning* it is 11pm, Time to go to bed!!he he
