With regards to tips for Dubai-based entrepreneurs who're eager on entering the African sector, Annoh claims that they need to be organized with the pink tape and cultural variances when executing business from the continent. "To start with, companies coming to Africa should bear in mind that the problems of bureaucracy and corruption may well have an effect on their funds, Otherwise managed properly, " he says. "Govt help is not really obtainable, and a person will have to pay attention to taxes, which are generally pretty significant, as African governments often consider them as their primary income resources. Secondly, in many African international locations things are certainly not finished as rapidly as you would probably do precisely the same in the UAE, so due to informal nature of the industry, you might be discouraged initially. There isn't any thoroughly structured and standardized ways of accomplishing issues, therefore, a person ought to examine and recognize the make-up of the Africa technique to be able to do company right here." Annoh also talks about logistical difficulties inside the continent, given that "it can be fairly problematic to maneuver goods from nation to country in Africa.
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