Africa is becoming a bigger player in the global economy. A surplus of workers, more stability and technology are transforming Africa’s economies, making it less dependent on extractive industries. For more than a century, foreign direct investment (FDI) in Africa was almost exclusively focused on the extraction and export of natural resources. But since the turn of the millennium, the momentum has shifted — and in the past few years the trend has finally flipped. Global investors now come to Africa more often for the promise of its people than for its physical properties.
With a steadily growing population heading towards 2bn, Africa’s 1.1bn workforce will be the world’s largest by 2040. Equally, with a collective GDP of $2.6 trillion by 2020 and $1.4 trillion of consumer spending, many see the impact of around 500m new middle-class consumers. Africa as a continent has, on average, grown its economy by at 5% per annum over the last decade.
Petroleum and mining now count for a minority of long-term capital inflows, with more investors focused on telecommunications, retailing and services. The extractive industries have accounted for more than half of FDI just once in the past seven years, according to a database of new investments maintained by the EY professionals.
Farouk Khailann Has A Strong Commitment To Africa’s Economic Growth.
Farouk Khailann is an African Entrepreneur with a strong commitment to Africa’s economic growth. He is the Chief Executive Officer of Premium Africa Holdings, an Africa-focused investment holding company with assets and projects in Ghana, Liberia, Gambia, and Sierra Leone. The company operates in the areas of construction, agribusiness, financial technology, real estate, energy, and investment consultancy. Farouk obtained a B.Ed. of Social Sciences from the University of Cape Coast and also has certificates from the Ghana Stock Exchange. Before his current position, he took managerial roles at other organizations while acquiring skills in Agriculture, Stocks, and investment, pursued with an ardent hunger for African development.
Farouk Maximizing The Enormous Investment Opportunities In Africa
Farouk has been into business development and strategic planning consulting for over two decades, this provided him a fair opportunity to understand the prospects and dynamics of various sectors of African economies. That vast experience from his background gives him a diverse way to incorporate a holding company with a Pan Africa mission resulting in maximizing the enormous investment opportunities in Africa. He describes his business journey as a consolidation of expertise and tracks records spanning 20+ years. Premium Africa Holding’s vision is to be one of Africa’s most diverse companies with global footprints.
Farouk Khailann is also the Managing Partner of American music star Akon for his Akon Lighting Africa project. Farouk Khailann is also actively involved in the financial technology industry. He is a shareholder and Senior Vice President at Ezipay Africa, one of Africa’s fastest-growing fintech companies, and partner at Paygenie, a micro-credit fintech in Ghana that works in partnership with Zenith Bank and Hollard insurance.
- Akon Lighting Africa Project
Musician Akon has provided 14 African nations with solar-powered electricity via street lamps and solar panels as part of “Akon Lighting Africa,” a project aimed at providing the continent of Africa with low-cost, sustainable electricity.
Unless you did your research, you likely didn’t know that Akon is also responsible for creating and spearheading “Akon Lighting Africa,” a project aimed at providing the continent of Africa with low-cost, sustainable solar-powered electricity.
Akon, whose real name is Aliaune Thiam, spent a significant portion of his childhood in a town in Senegal that lacked electricity. He experienced first-hand the struggles of living without grid electricity, including having his educational and economic opportunities limited while also dealing with quality of life and health issues.
- Everything You Need To Know About Ezipay
Ezipay is a leading money transfer app that is used to transfer money, send airtime to loved ones, receive money and other fantastic features. Instant transfers from anywhere in the world at excellent rates from your EziPay wallet. You can also demand money from loved ones all over the world using Ezipay with comfort and ease.
With wallet services; you can add money, pay money, make payment requests, view payment requests, show code and transfer to the bank. You can Send money to love from anywhere in the world, directly to their Africell money wallet or EziPay wallet.
Ezipay is a subsidiary of Artificial Intelligence Technologies Limited and has already been present in many African countries and is achieving popularity among Africans, the diaspora community, and expatriates. Just go to the Google App Store or the Apple App Store to download Ezipay and enjoy the best service, fantastic features and comfort that comes with it.
- Overview of Paygenie
Participate in viable investments through Paygenie investment clubs. Projects (investment clubs) are primarily real estate projects or any other transaction/project that is considered attractive. Subscribers participate in an investment by putting down at least the minimum amount of money for that investment over time.
Where there are cash calls during the life of a project and a subscriber is unable to meet up at the time required, a 25% charge on the outstanding amount not remitted at the time of the call will apply and the subscriber may lose the opportunity to participate further in the investment as someone else may take up the subscribers outstanding slot.
Subscribers are encouraged to lock in for the duration of the project but anyone looking to exit before an investment matures may sell to another subscriber or bring in someone else to take their slot.
Africa Is Primed For Mass Industrialization
With some of the fastest-growing economies in the world, African nations are playing an increasingly significant role in the global economy. The population is young and rapidly growing, and household incomes and consumption are projected to rise. Digital and mobile access are rapidly increasing, the infrastructure gap is closing, and Africa is primed for mass industrialization. Further, many countries across the globe have taken unprecedented steps to support investors. And with business environment reforms being made across the continent, the prospect of investing across Africa’s numerous and diverse countries is much different than it was in decades past.
Mr. Farouk Khailann has braced all the odds to rise to the enviable position of Chief Operations Officer of a multinational Company. Before getting appointed to this position, Farouk, who started as a musician, managed to balance his life to attain a university education while pursuing his musical career.
He founded Stockrush, an investment advisory, research, and project management company in 2009. He has been a strong believer and advocate for education and has embarked on several speaking engagements, especially within the Zongo communities where he grew up as a young boy.
More About African Investment Guru, Farouk Khailann
AFRICAN investment guru, Farouk Khailann has forged an agreement with a local Investment Firm-Epic Slain Capital under which the highly regarded entrepreneur will help to secure funding for future projects in Zimbabwe and parts of the sub-region.
“We are excited to have Farouk on board our journey of pioneering the drone sector to change the way the world views, uses, and benefits from autonomous technology in many forms, he brings a lot of value to what we are doing at Leshtronix and we are absolutely confident his inclusion will impact our vision” Neil Lesher the founder of LeshTronix emphasized.
“This new achievement is a further boost to my continuous call and advocacy for Africans to step up to the plate in driving the needed disruption in the global technology space. I am grateful to the founder of Leshtronix, Neil Leshier for making this partnership possible”. Farouk said
Farouk Khailann Is A Recipient Of Various Awards.
- He was awarded African Business Leader of the year at the 28th edition of the World HRD Awards in India in 2020
- Young enterprising Ghanaian entrepreneurs as Top 50 Young CEOs of 2020
- decorated as a Pan African Business Icon of the year at the 2020 edition of Ghana Youth Excellence Awards
- West Africa Leadership Development Centre named him as one of the top ten emerging leaders in West Africa and adjudged the young entrepreneur of the year for 2019
- Awarded the Order of the Noble Hand of Honor by the Pan African Leadership and Entrepreneurship Development Centre in September 2019, alongside the Vice President of the Republic of Liberia and other global leaders.
- Farouk Khailann has also been adjudged the best consultant for 2019 at the 40 under 40 awards, one of Ghana’s most competitive award schemes.
“If you don’t get finance, attract finance”- Farouk Khailann to start-ups
When businesses are started by entrepreneurs with a little more specific knowledge, with a few more resources and resource networks, a little more skill, a little more capacity to grow or sustain a business, the odds that they will succeed improves.
The benefits of such high-potential entrepreneurs to a country’s economy are twofold. One, in today’s marketplace where old orders are crumbling, established businesses are in need of innovation and, thus, innovators. Entrepreneurial types with an eye for new products make ideal recruits for such businesses. Secondly, entrepreneurs can, by striking out on their own, challenge established business models and businesses by virtue of the fact that, as true mavericks, they have been encouraged to and are able to innovate. But over and above that, it is entrepreneurs who have the skills, resources, networks and capacity to grow their businesses quickly, who will truly propel economies forward.
Farouk Khailann Is A Great Motivation To Budding Entrepreneurs
Don’t take the business advice you hear as gospel to be followed word-for-word. Rather, use it as a tool to inform your big decisions and major strategic moves within your own business. The reason you should care about the business advice other successful entrepreneurs have to share with you is that their experiences and words of wisdom may just come in handy one day. We worked hard to bring advice from a diverse sampling of the world’s most successful and respected entrepreneurs, so you’ll be prepared to start a business in today’s climate.
Whether you want to start a business for the first time or you’re an experienced entrepreneur, you’ll find incredible value in the best business advice and success tips these entrepreneurs have to share today—some of them even made their way over to my list of the best motivational quotes we’ve heard.
Honest Advice Is Nothing Stopping You From Building A Business That Lasts a Lifetime
The business tips are only a guide as you start your entrepreneurial journey. Ultimately, your business is what you make of it. If you want it to be a success, you’ve got to get your business in front of as many people as possible. If you solve a burning problem, it’ll be easier for your business’ brand awareness to spread. You’ll need to focus on making your employees happy and fulfilling the needs of your customers to ensure your business is built to last. You’ll face challenges along the way, but as long as you are willing to persevere, nothing is stopping you from building a business that lasts a lifetime.
According to the Chief Executive of Premium Africa Holdings, Farouk Khailann, investors are more concentrated on getting the value that can help them propel their ventures. Speaking at the maiden edition of the Joy Business Campus Roadshow at the Valley View University, Mr. Khailann encouraged the young and budding entrepreneurs not to give up even when there are no funds, but rather become valuable, so that they will attract funding. He said,
“Money will chase you if you have value. When I see value in you, I’ll invest. Now there are corporate professionals out there willing to invest in start-ups they believe are hungry for success. So, finance shouldn’t stop you, otherwise, it will keep you from doing a lot of things. Keep pushing, if you don’t get finance, attract it.”
He indicated that career guidance is gradually shifting from interests to identifying values one represents.
“Emphasis on career guidance has been on the student knowing their interests and skills set, but currently what is missing in our industry is to have the right value or principle the student should live on. At Valley View, apart from teaching or helping the student to know their career, we tell them that in the modern world now what is needed is your attitude and the value you hold in life,” he emphasized.
He reiterated the critical need to always have a balance in life and manage time in a way that would enable young people to harness their talents without necessarily forgoing their education. Farouk Khailann’s life is a great story unfolding which is believed to be celebrated to serve as inspiration to others.
Farouk Khailann Holds Several International Appointments
- The Deputy Executive Director of Global Chamber of Business Leaders
- Jury Member of US USD 1M Hult Prize Startup Challenge
- Member of Global Investors Committee at World Angel Business Investment Forum
- President, Africa Chapter, Asia CEO Community
- Board member of World Innovation Alliance
- Senior Advisor of Unimeier University (Italy)
- Board Member of UK-Liberia Chamber of Commerce
- Vice-Chairman of African Institute of Small-Scale Mining
