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RE: Starting a business in Africa... is just like investing in Cryptocurrency

in #africa7 years ago

@nanzo-scoop investing in Africa has high returns, however you need to understand the terrain, doing business anywhere in Africa is different from what you are used to in europe, america or other developed countries that have working systems! As much as those in the diaspora should come home and start businesses, also understand that its not a walk in the park. The business environment in most African countries can be very difficult as the fundamental systems are not in place however you must understand that inspite of the shortcomings those who choose to stick out their necks get highly rewarded.

Before investing in any business in Africa, do your due dilligence, have a capable legal team that understands the terrain, corruption is a big issue so get ready to do lots of PR(public relations lol), avoid doling cash to family members; your business may never see the light of day.