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Postcards:
Africa: Major airlines vie for a sky-slot under the African Sun
With the rising strength and the wealth of the potential African flyer, global airlines are being forced to take a serious look at the African air travel market. Starved of profits in most developed economies, major global airlines view Africa as the last major frontier from which to reap some riches.
Global Players:
Carlos Ghosn, a Brazilian-born French citizen has a storied past. More than a decade ago, he saved Japanese carmaker Nissan from the brink of bankruptcy. Today, Mr Ghosn, who heads two car companies, French-based Renault and Japan-based Nissan, is betting on electric cars that could leave lighter carbon footprints.
Emerging Leaders:
Hungarian real estate entrepreneur Sandor Demjan, who is the chairman of TriGranit Development Corporation, has come up the hard way. Starting off by launching the first department store in the then communist country, Demjan dabbled in banking and investments before focusing on real estate sector as his business of choice. Today, TriGranit is the biggest real estate firm in central Europe with projects spread across Poland, Russia, and Slovakia. Still, Demjan’s business achievements owe a lot to the relatively lighter control exercised by Soviet Union over Hungary compared to its other satellite states.
The East Asian nations of South Korea and Taiwan have transformed themselves from being the manufacturing backyards of the U.S. and Japan into high-tech giants in just over a generation. Today they are either market leaders or strong contenders for the top spots in manufacturing consumer electronics products.