Hi again, sorry again for the long pause. It seems to be occurring more than what I would like, but things have been moving at whirlwind pace recently.
Anyway, this is a question for all of you entrepreneurs, business students, professors, and others in the know on the inner workings of start ups in Africa. How did you or someone that you know get start up funds?
My conjecture is that it would go something like this with the most common sources of funding starting at the top:
personal savings and property holdings family and remittances vendor finance micro finance other non profit initiatives bank loans venture capital investment funds Often times in my reading the biggest obstacle outside of weak infrastructure cited as a deterrent to entrepreneurs in Africa is the scarcity of start up capital, many of my acquaintances have echoed this sentiment. What I wonder is if there is a way that, with today’s technology, the start up capital reservoirs in Africa can be widened to the extent that a really good entrepreneur lacking personal funding or powerful connections can do more than just ask family and friends for start up capital (without necessarily having to fall under the umbrella of micro finance).
To learn more about this author, visit Benin Mwangi's Website.
Like this article? Share it with your friends
|
|
Benin Mwangi
(Visit Benin's Website)
A credit analyst by profession, Benin
Mwangi is one of the world's foremost
experts on the topic of entrepreneurship
in Africa. He is the founder of Benin
Mwangi Enterprises, a consulting firm that
specializes in promoting trade in Africa
as a means to achieve self-empowerment and
community development. His blog, BeninMwangi
.com, serves as one of the most
popular online destinations for those
looking to learn about and discuss
business and entrepreneurship in Africa.
He is also a regular contributor to Global
Voices Online and Kenya Empowerment News.
|
|
|
Benin Mwangi's
Complete
List Of
African-Accounts
Articles
|
|
If you enjoyed this article, get Benin Mwangi's Complete List of African-Accounts Articles For FREE!
|
|
|
|