Business Opportunities And Risks In Africa

          Investment in Africa is growing and more money is actually coming in. But some companies are still skeptical and hesitate to put their money in Africa. The truth is, the perceived risks about doing business in Africa are by far greater than the actual risks.  Lots of European companies have actually invested in more than 40 African countries and those businesses are doing very well, making lots of profits in sectors like telecommunication, transportation, agro business and so on. And we already can see an overall growth in GDP in the entire continent. Nigeria: Nigeria is the United...

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Investing In Africa’s Emerging Market

      Africa is the world's second largest and second most populous continent, after Asia. Although it has abundant natural resources, Africa remains the world's poorest and most underdeveloped continent, the result of a variety of causes that may include the spread of deadly diseases and viruses (notably HIV/AIDS and malaria), corrupt governments that have often committed serious human rights violations, failed central planning, high levels of illiteracy, lack of access to foreign capital, and frequent tribal and military conflict (ranging from guerrilla warfare to genocide). All these problems make the international...

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Fally Ipupa aka Dicap La Merveille, A Musical Genius

Faustin Ipupa Nsimba known as Fally Ipupa is a singer, songwriter and respected guitarist who was born on  December 14th 1977 in Kinshasa and raised in Kingshasa, in the Democratic Republic of Congo. He is one of the children of Ipupa Ebombo  and Bolotuli Mbo. Having a Catholic education, he began by singing in the choir of the Church. Like many young performers of his generation, music was not considered more than a hobby and studies were forced to take priority over the young man’s passion.  As a teenager, the young Fally began his musical career while still a student in various small groups in Kinshasa , in the mid-1990s. With...

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Why Marketing Is So Important For Your Business

From creating a business plan, to a network strategy, lots of small and medium enterprises continue to fail and close their doors. Often times, this happens because of bad management or not having an audience targeted marketing plan to actually bring revenue to the company. In this article, I am going to walk you through the basics of marketing that all entrepreneurs and business owners should master to hopefully reach the goals and growth needed for their business. What Is Marketing?There are tones of definitions to the word marketing, and in the fast-moving world of business, it’s understandable that definitions rarely stay the same. But...

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How To Start A Successful Business In Africa

For business, Africa offers vast potential markets, and significant natural and human resources. But the continent now accounts for only two percent of global economic activity and encounter serious financial difficulties. As a result, millions of people continue to face hunger and lack of opportunity to improve their lives in our beloved continent. In previous articles: Article 1 and Article 2, I talked about the importance of entrepreneuship for economic growth and have also shown how this was achieved by countries like China, India and Brazil. In this article, I will highlight some fundamental principles and best practices for business creation...

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Entrepreneurship in Africa (Problems / Solutions)

Business creation is not a new thing in Africa. Indeed, history teaches us that Africans were big traders. Time has passed and entrepreneurship has not really changed. But as you know, set up a business in Africa, large or small, is sometimes a long and difficult road to walk into. It takes knowledge, resources, tools, and ideally a mentor or a sponsor to support you and give you that helping hand to progress into this administrative and financial jungle. Often times in Africa, the lack of financial solution prevents young business and management students to follow through their ideas and create profitable businesses. There is no doubt that...

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What Is Entrepreneurship / Qualities Of A Good Entrepreneur

Entrepreneurship is the act of creating wealth and / or employment through the creation or acquisition of a company. An entrepreneur is thus a person who is engaged in an effort to transform his knowledge, ideas and innovations concepts in economic goods. This may lead to new organizations or perhaps to the revitalization of certain branch of an existing organization in response to a perceived opportunity. In fact many definitions of entrepreneur can be found in the literature, another broader definition by the French economist JB Say (1800) says "The entrepreneur shifts economic resources out of lower and into higher productivity and greater...

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Why Be An Entrepreneur In Africa

Africa is not going well, its entire economy is at risk, plus, Africa appears to be abandoned by the international community who’s looking at Africa dying. It is time for us Africans to fight against this scourge by providing an environment or a platform that’s conducive for the creation and development of small and medium businesses and attractive for foreign capital. We must not only train and educate continuously our workforce but also create markets by engaging in various business sectors. Problems and challenges of Africa. Africa is a continent full of resources, both material and human. With a population of over 1 billion inhabitants (2010),...

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Doing Business In Cameroon

Entrepreneurs wishing to do business in Cameroon must follow a number of steps before the actual opening of the doors of their company. Presently Cameroon has an economy based on oil and agricultural resources, and with the advent of globalization and modernization, Cameroon is very poorly represented in areas such as world trade, new technologies, online business etc.. To create a successful business in Cameroon, one must have sufficient knowledge of the economic and financial status of the country, as well as the various markets available locally because it is necessary to clearly identify the population's needs and pains, and then make a business...

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Cameroon's Economic Situation

Cameroon is a "rich" country, since it has many natural resources, namely in agriculture, forestry, mining and many oil companies. According to Wikipedia, its GDP is half of the one of the whole Economic and Monetary Community of Central Africa (CEMAC), which gives it an important place at the regional level. But the Cameroonian people experience great frustration with their economic and social difficulties. With an unemployment rate that continues to grow, a private sector that is almost non-existent and some states that try somehow to limit the damage by recruiting fresh graduates in the public sector, in short there are very few offers for...

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Cameroonian Music Scene

Cameroon is located in Central Africa, in the Gulf of Guinea. It has several large cities including Yaounde, the country's political capital and Douala, the economic capital. Its cultural and ethnic diversity (over 240 ethnic groups, with 240 different languages) made Cameroon a nest of talent, not only in sports but also in music. In this article we will take a near look at the Cameroonian music in the country and in diaspora. Cameroonian Music The Best known music of Cameroon is Makossa, for the most part, it is popularized in France by some major musical figures like Manu Dibango, Richard Bona and Etienne Mbappe. But our beautiful country...

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Icons Of African Football

 During the 1930s and led by totalitarian regimes, the function of sport and international competition have fundamentally changed. Physical activities are then used to serve the national cause. In Cameroon, despite the surrounding poverty, football wakes patriotic accents. Some examples illustrating the interest of football in the African countries like Cameroon: It was during the African Cup of Nations held in Ghana in January 2008, a meeting was convened by the Prime Minister to prohibit the disconnection of electricity during this cup. The first lady sent a charter of food to the national team. The international reputation of African...

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The Diary Of African Football

The feats of African footballers are among the most positive images that Africa has to offer to the world in this era of globalization. But football has also been an important asset in African history since the beginning of the colonial era. Today, African football is a kind of mirror in which are reflected handicaps and potential of the continent: the huge material difficulties, states and country sometimes drift, but also a reservoir of exceptional football players. In this article, we try to present the African football in all its dimensions, nationwide, continent wide as well as worldwide. We will be talking about the different stages that...

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