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Le Moor
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Posted: Friday February 10th, 2006 09:19 |
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How easy is it to do business in Africa?
According to the World Bank, African nations make it harder for entrepreneurs to succeed than other parts of the world, so why is it so difficult to start a business in Africa?
For example if you want to start a business in Mozambique, it takes 153 days to register a business, with a total of 14 separate steps.
But it isn't always so long-winded. Rwanda was singled out as among the biggest reformers in the past year.
Do you know how things work in a particular region? Last edited on Friday February 10th, 2006 16:18 by Le Moor
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Pele
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Posted: Friday February 10th, 2006 16:04 |
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Very easy in Somalia right now. No tax, no government control on your business, less regulations, and most of all, you can take advantage of the currency........The Somali shilling is very bad on the dollar..........
Many of us, have went back to open up small business across the nation, my whole family have done it. I too have been building a personal home for the future, in the Eastern sea-coast of Somalia. And if the rate goes the way it has been last 6-7 years, the future looks bright for the war torn peoples of the horn...................
Commercial building business, some of them owned by British/American Somalis have been the driving force behind this surge. Every where, the construction boom hasn't slowed a bit, and more large hotels, sea-side communities have been erected. For non Somali, Ethiopian, or kenyan, the chances of taking advantage of this is very hard, becuase of the security realities in the ground, but in London there are small companies that one can invest, and I don't know the security they may give to their investors............
Last edited on Friday February 10th, 2006 16:06 by Pele
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Bredder Tukoma
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Posted: Friday February 10th, 2006 19:26 |
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Top drawer thread La Moor. Maximum respect .
Yes I am very interested in this thread. How easy is it to do business in Africa. Which are the countries in which non African citizens can set up business.. Only yesterday I was speaking to someone who was saying to adverstise on Ghanian TV is very cheap. I am planning to do some export of solar related goods to Africa... Kenya because of previous experinece of the place and the fact that it has the biggest solar market in Africa allegedly ..... but personal anecdotes will be good to hear...
As a side note maybe a similar thread should be set up on doing business in the Caribbean.
If its one thing Ive noticed in recent weeks is its very easy to do business with China via the internet. Havent seen many African companies on these worldwide trading sites such as Alibaba.com though.
Last edited on Friday February 10th, 2006 19:36 by Bredder Tukoma
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Le Moor
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Posted: Saturday February 11th, 2006 10:08 |
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Morning Mans and Bele.
Import/export is one of those businesses i will eventually dabble in.
What are the risks?. Do you know whats hot and whats not at the moment. Is it better to import or export ?
Mans Solar goods- could you elaborate on the type.
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Bredder Tukoma
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Posted: Saturday February 11th, 2006 11:34 |
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Le Moor
Bro/ Sorry but Im going to be very obtuse and say I cant tell you / because if anyone else gets wind of the idea my plan will flop big time!!! Its the kind of thing that I would let on after my foots in the door. All Im prepared to say is solar powered goods. But it doesnt really matter what it is??!! The principle remains the same... and the principle is:
China is producing so many things nowadays for dirt cheap. On so many goods /i.e toys/ electrical products/ etc.. there is scope to quadruple your money and more... not only for European markets but for our markets as well. If you know about import/export law then elaborate if you can down the line. Because it seems to be so complex/ (as things are when you do them for the first time) that a shipping agent seems the way to go to get rid off the hasle and red tape. But ideally as a small business you would want to cut out those costs... I started a thread last week and import /export but havent had any answers yet..
But to answer your qusetion a bit more I was thinking off importing from China and exporting to the Caribbena/Africa.. or is it more efficient to import directly to source... is it classified as a re-export from the UK when you do this... bro Ive had no time to take off work to investigate properly at the mo/ as I am testing samples from China to decide which particular product to run with.
Sorry to be so mystrerious but Id be a fool not to be. Ive probably said more than I should of already.
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Le Moor
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Posted: Saturday February 11th, 2006 14:09 |
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Mansamusa totally understand about remaining vague. If its a new or newish idea may not be a good thing to reveal your secret.
Have you seen idea number 18 on my 101 business ideas thread. Its about import/export and names a few sources for contacts etc. Some of the info maybe out of date, but still could be a good starting point. Personally i dont know a lot in this area other than its a buy low sell high principle.
Good luck in whatever you're doing.
Last edited on Saturday February 11th, 2006 14:10 by Le Moor
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Bredder Tukoma
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Posted: Thursday March 16th, 2006 20:17 |
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Thanks Le Moor. Bro know any Africans thats been to China to do business? Ive researched on the internet and what I have read has not been favourable.
Im hoping at their business fairs they have a different face on....
Any black business groups known that can offer advice on this?
Last edited on Thursday March 16th, 2006 20:35 by Bredder Tukoma
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DSP
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Posted: Thursday March 16th, 2006 20:48 |
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Pele wrote: Very easy in Somalia right now. No tax, no government control on your business, less regulations, and most of all, you can take advantage of the currency........The Somali shilling is very bad on the dollar..........
Many of us, have went back to open up small business across the nation, my whole family have done it. I too have been building a personal home for the future, in the Eastern sea-coast of Somalia. And if the rate goes the way it has been last 6-7 years, the future looks bright for the war torn peoples of the horn...................
Commercial building business, some of them owned by British/American Somalis have been the driving force behind this surge. Every where, the construction boom hasn't slowed a bit, and more large hotels, sea-side communities have been erected. For non Somali, Ethiopian, or kenyan, the chances of taking advantage of this is very hard, becuase of the security realities in the ground, but in London there are small companies that one can invest, and I don't know the security they may give to their investors............
Like you all are going through the same transition we are going through.. lots of business opportunities going on. I hope to do something with my family's property back home. Have a series of trips I need to make.
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Pele
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Posted: Friday March 17th, 2006 04:02 |
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DSP, I was planning to make to back home this spring, but I don't know for sure. I need to take advantage, without the government system, and help my family build our land with little cost. We already have built some.
There's pure market, which I need to take advantage.........
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