Africa Do Business Newsletter, Issue #010-Jan 2012
2012, a year for doing business in Africa
It is becoming evident that Africa is becoming the best continent for doing business. Despite constraints related to insufficient infrastructure, low skilled man power and weak institutions, the business is growing being driven by a wide market of one billion people, active young population, abundant natural resources, etc.
For African immigrants living in America, Europe and Asia, this 2012 is the year for you to take a resolution of seizing business opportunities available in African countries.
With the money you have or you send regularly back home, you can start a business and make profits…
African Diaspora remittances being sent home have reached US$40 billion in 2010 (IFAD Report). In 2009, Nigeria received $10 billion in remittances from citizens living in the Diaspora. Rwanda received from its citizens abroad $200 million in remittances in 2010, 16 percent higher than 2009's $172.43 million. In 2010, remittances from Ugandans living overseas brought in about $773 million.
In many countries, the total remittances have exceeded the total package of development aid or inflow of Foreign Direct Investment (FDI). Unfortunately, little effort has been made to find out how best these considerable growing amounts of transferred money could be invested effectively to reduce vulnerability and dependence of benefiting family and to eradicate poverty in African countries.
It is high time for Africans who send money back to think, act differently and start a process of investing remittances into businesses that create jobs and generate wealth. This is a new investment approach I can call: Back Home Investment (BHI).
This approach will enable African migrant workers to seize immense investment opportunities and possibilities of exploiting a lot of untapped resources offered by their countries of origin. The new approach suggests a simple strategy of starting with small investment to implement income generating activities in the areas where people needs are critical, such as agriculture, food processing, housing, transport, communication and energy.
By turning a bigger portion of remittances into investment, the Back Home Investment (BHI) will have more benefits than Foreign Direct Investment (FDI). The profits will be reinvested instead of being repatriated as it is the case for FDI.
By embracing this new approach, the African migrant workers will make their family back home financially independent and at the same time will contribute effectively to the eradication of poverty in African countries.
Africa-do-business.com is guiding African migrant workers to the best investment opportunities now available in their countries origin, so that the money sent back can be used to start profitable businesses that will create income generation and employment opportunities.
If you need business ideas, please browse through Africa-do-business.com and find the best business opportunities in Africa for any amount of investment you can have and in a economic sector of your interest.
The choice is yours to start a new life of prosperity and abundance by starting a profitable business in Africa.
Best Business Opportunities for you...
Kenya...Liberia...Malawi...Nigeria... Rwanda...DR Congo...Tanzania...Uganda...Zambia...
Seize business opportunities offered by the following African countries:
Invest and make profits in the following sectors:
...Agriculture...Food Processing...Construction and Real Estate...
Small Industry...Tourism and Hospitality...Internet and Computer Services...Trade ... Transport...Energy...Services...
Why not invest now? With any amount of money you can have now, you can start your own business or help someone to do so!
Make your choice now and make profits by investing only:
Before you leave, Dear Reader and Visitor, I invite you to take few minutes and browse through Africa-do-business.com and discover various business opportunities offered by African countries.
Please contact us for any advice. Our objective is to assist you to start and succeed your business in Africa.
N.B.: Africa Do Business does not provide any financial assistance.
All the best,
Owner and Manager of Africa-do-business.com
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