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Why do most business from the North (America and Europe) fear to partner or finance businesses in Africa?

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  • Why do most business from the North (America and Europe) fear to partner or finance businesses in Africa?


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Answer #1 | 06/07 2006 06:11
Why wouldn't you go and live in Afghanistan?
Answer #2 | 06/07 2006 06:12
I come from South Africa, and I can't say I blame them. Africa is for mad dogs. There's better money to be made elsewhere. Ever try set up a business in Niarobi?
Answer #3 | 06/07 2006 06:13
less experienced management, don't trust who they're working with, less risk, cut out the middle man if they are importing from these companies,like things done they're way, maybe tax/regulation breaks by not doing so - have to adhere to union if take on local company. these are some possibilities.
Answer #4 | 06/07 2006 06:16
it is because they feel they are more advanced in technology and have the manpower to do so. Again, they are afraid of been duped by the Africans whom they consider corrupt.
Answer #5 | 12/07 2006 16:51
cause of frauds
Answer #6 | 06/07 2006 06:16
Corruption Lack of infastructure Lack of money

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