20 October, 2020

Mombasa Calling

For Keralites, will Africa be the new Gulf?

Mombasa Calling
outlookindia.com
-0001-11-30T00:00:00+05:53

It’s a brave new world beckoning the Malayali migrant out there in Africa. High-population-density Kerala has always been in the forefront in migration for jobs, but the hunt for new business pastures picked up in recent years with the land crunch and skyrocketing prices at home. Hence the Malayali entrepreneur’s focus on the resource-rich but relatively undeveloped countries of Africa. West Asia, with nearly 3 million non-resident Keralites, will it seems serve as the springboard for the next big Malayali leap.

Indian corporates are already exploiting the land advantage in African countries but the small entrepreneurs from Kerala—who’ve forayed into countries like Egypt, Sudan, Ethiopia, Nigeria, Kenya and Tanzania—have quickly realised the need for forming entrepreneur groups to mobilise investments. One such group, based in Doha, has set up the upscale 53-room Horizon Hotel in the Sudanese capital, Khartoum, with an initial investment of US $1 million (Rs 5 crore). Shareef Mohammed, originally from...

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