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The BRIC countries—Brazil, Russia, India and China—have become increasingly influential players in the world economy. This has created a unique opportunity for African nations to benefit from these countries’ resources and expertise. As these emerging economies continue to grow, so too will their investment and interest in Africa. The upcoming BRICS Summit (The S is for South Africa) is due to take place in cape town in a few days and the impact of Web3 and a certain reserve currency will be the big elephant in the room.
Africa is an important stage for the BRIC partners and given the unique challenges that these nations face, the BRIC countries are well positioned to partner with and help boost economic development. There are many reasons why the BRIC countries have developed strong relationships with African countries, ranging from trade opportunities to infrastructure development. Let’s examine some of the key reasons why Brazil, Russia, India and China love Africa and the Web3 players who stand to benefit.
Trade Opportunities
One of the main factors driving the BRIC countries’ interest is trade opportunities. These emerging economies have an increasing need for natural resources like oil, minerals and agricultural products. This has created an opportunity for African nations to provide these commodities in exchange for access to technology and financial backing. As such, there has been a significant increase in trade between the BRIC countries and the continent, with Brazil alone accounting for 8.6% of Africa’s total imports in 2018.
The BRIC countries are also looking to invest in businesses and industries, which can help create jobs and diversify economies. For example, China has committed over $60 billion to 400 projects across the continent since 2000, while India has invested more than $2 billion in since 2010. These investments have helped spur economic growth and created new opportunities for citizens.
African Real Estate Markets: The Newest Entrant
The most recent development in the BRIC countries’ relationship with nations is their involvement in the continent’s real estate markets. China, India and Brazil have all made investments in projects, taking advantage of the relatively low cost and abundant opportunities to invest in growing economies.
As the African Development Bank projects, the continent is expected to reach an estimated population of 1.1 billion by 2050 and with it will come a substantial surge in its middle class. Within the next five years alone, 200 million people are anticipated to enter urban regions which means this real estate expansion has no precedent! Consequently, if managed correctly and strategically, the whole of Africa stands to benefit greatly from the inevitable wealth and economic growth generated.
As the sudden surge in demand for digital technology sweeps across the continent, Direct Property Africa Token (DPAT) is leading the charge to revolutionize how individuals perceive and benefit from opportunities. Featuring a talented team of experienced real estate professionals, crypto enthusiasts, and blockchain supporters under one inclusive umbrella – it comes as no surprise that they have become pioneers in embracing digital transformation.
African Land and Property Investments Made Easy
The first ethereum-backed Web3 investment platform is attracting broader attention as a safe and secure means to access emerging economy assets. By utilizing decentralization and creating a secure ecosystem, DPAT offers investors across the globe limitless access to borderless property development initiatives and infrastructure construction projects.
With the DPAT equity NFT Marketplace, developers and infrastructure builders have access to an incredible amount of liquidity that enables them to meet demand with ease. Whether be residential homes, commercial buildings or hotels – investors can benefit from the financial boost in cities while simultaneously trusting the advanced security protocols and transparent framework that keeps their assets safe and traceable.
The Bottom Line
In conclusion, the BRIC countries recognise a great opportunity to invest in African economies and contribute to the continent’s growth. The innovative blockchain technology incorporated through projects like DPAT make it easier for global investors to join and safely engage with emerging markets. Ultimately, this will benefit all parties as the continent’s economic situation continues to improve. Early backers of DPAT can expect their success to track the growth expected by BRIC nations.
About Direct Property Africa Token (DPAT)
Direct Property Africa is a Web3 real estate and infrastructure ecosystem including a crowdsourcing marketplace for local developers to raise funding for projects in major African cities like Cape Town, Lagos and Accra with fractional ownership using asset-backed equity NFTs. DPAT is the utility token of the Direct Property Africa ecosystem offering rewards and privileges to holders.
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