How Supportive Is The Government Towards Foreign Investors Starting a Business In Africa?

The African government offers a favourable climate to begin your business in terms of administration, paper work, legal bindings, incentives, benefits etc. Many countries in Africa has a free trade policy, where you are given the freedom to invest your business in Africa and allowed to buy or sell it without any hurdles. The government invites foreign trade because eventually it will lead to the development of the continent itself economically and other wise.

What are some of the business ideas to start a venture in Africa?

Africa is a beautiful land, over-whelming and filled with many natural resources, wildlife, minerals, lakes, mountains etc. The fertile soil makes Agriculture and farming a good option, otherwise you can invest in real estate which is also gaining importance, the biggest contributor towards the economy is tourism , building and construction picking up pace with foreign investors flocking in, healthcare, ecommerce, energy, education etc.

Do I get any financial aid when starting my business in Africa?

Well, if capital is an issue to begin your business venture, there are some organisations which help with the financing be it a loan, grant or investment these organisations may be able to help you out with any kind of financial problems. Seedstars Africa, African Women’s Development Fund (AWDF), Tony Elumelu Foundation Entrepreneurship Program (TEEP), CDC, African Development Foundation (ADF), Acumen Fund etc. are some of the organisations that help entrepreneurs finance their business in Africa.

If we are to set up a business in Africa, who can we approach for project planning and implementation?

While there are a number of companies that provide services like project planning, project management, setting up the company etc. the catch is the find the right one. Someone credible, dedicated and trustworthy with all the capability to get the job done without incurring much loss of money and resources should be hired. Will Willey group of companies is one such trusted source, where we consider our clients as our confidant and work together for achieving the best results.

Can I recruit the right candidates for my company in Africa?

Africa comprises of the largest and growing population in the world, and most of them are still very young. There are many manpower recruiting companies in Africa, who can help you find the right candidate to fit the job title. Man power is the very foundation of Africa and one of the reason why investors are flocking into the continent. Employing the people of Africa will be a good choice than bringing candidates from different parts of the world.

Is safety a concern for starting a business in Africa?

The government has taken the necessary steps to wipe out any traces of corruption, illicit behaviour, robbery etc. hence, Africa is a peaceful land and the people are all very warm and welcoming that safety will not be a cause for concern when starting a business in Africa.

How digitally forward is Africa?

Africa is one continent that made mobile payment possible and successful, even being a less educated population, the people are well versed and familiar with the use of mobile phones, internet, and banking even.

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