Boris Ivanov Explains Why Africa is Good for Business

As an entrepreneur looking to do business around the world, Africa is likely the least of your priorities. The Russian entrepreneur and the Founder and Managing Director of the minerals and gas exploration company, GPB Global Resources B.V., Boris Ivanov, pointed out that you couldn’t be more misguided. From his experience doing business in the continent for more than 20 years, Africa provides great opportunities for success that could hardly be found anywhere else. It’s thanks to this realization that Russian entrepreneurs and professionals have been flocking the continent.

Experiencing Africa Beyond The Headlines

Western media primarily covers African news when the lack of transparency, wars, and humanitarian crisis are involved. This leaves a lot of good things about the continent out of the limelight. Sadly, it’s from this negative coverage that most western entrepreneurs make their decisions not to pursue Africa as a business opportunity. Boris Ivanov pointed out that the two decades that he has spent doing business on the continent, it has been nothing but exciting.


To begin with, the continent is rich in unexplored natural resources. Despite the challenges that come with mineral exploration, the governments in the continent have been very supportive of his efforts. Boris Ivanov mentioned that in his time in the continent, he had conducted exploration expeditions in Burundi, Mozambique, Congo, Niger, Ethiopia, Chad, Mali, and Angola and the governments have been very supportive. Even when he did not find any minerals in the first attempt, he has never been stopped from conducting further exploration.

Improving the Lives of Local Communities

This GPB Global Resources Founder and Managing Director went on to mention that for him, doing business in Africa has been a very fulfilling experience. Besides making attractive profits, he has also been able to improve the lives of local communities by providing employment opportunities.

He has also been able to experience different cultures and ways of life across the continent, which is very exciting. Boris Ivanov said that the Africa that exists now is one that is focused on development and prosperity. As an entrepreneur, there are very few other places that could match up to the opportunities in the continent.