Investing Success in Africa Requires Local Partners with Legal and Regulatory Expertise
Sub-Saharan Africa is experiencing unprecedented change in it’s economy. This will undoubtedly continue as countries are taking notice. Many investors are now hurrying to claim spots in the African landscape. Their success will depend on help from local professionals.
Africa has with it, many unique challenges. Success in this country will mean you have to employ partners. Hiring them for their legal and regulatory expertise. Africa is a tricky vista that truly only local expertise will help bridge that gap.
Local experts will help in your sucess
From the internet to technology to natural resources, growth is seen and will continue to be a trend. Africa’s prospects have global economic experts enthusiastic about its potential. Involving African partners into your overall business plan will mean a higher success in the venture.
Local expertise like Shikana Law Group is a trusted partner that will help with the goodwill in your plan. Professionals like us can help create a trusting and good-willed environment. Investing in Africa takes a unique approach and experts will help you tackle this.
Africa is now getting the attention from big player’s. Africa’s economy was once thought of as a not so great investment. China has it’s foot in the door of Africa and is stepping up the pace. Westerners are now taking notice and want a piece of the pie.
Complacency seems to be a reason westerners have lost sight of Africa. The west will find it’s path to be trying at times but need to push through to catch up to China. The west has only done little to expand into emerging markets, Africa being one of them.
The US and Europe has usually been the top economic powerhouses. Now, China is certainly top dog in the African market. This will also help China achieve greater influence around the world.
In Eastern Africa, Tanzania is coming in at second for having the largest market for construction. Ethiopia is the first market for construction. Tanzania’s construction platform is made up of multitudinous regulations and stakeholders.
Investors, with their own foreign financial services and/or banks, are coming for these opportunities in Tanzania. Proposing projects with these funds along with the help of donor aid or multilateral financial assistance. These companies are able to choose architects, contractors and engineers for their needs while also complying with the the many registration entities and legislation. Each company with each project has to be registered in Tanzania; this is a pre-requisite. It is typical for foreign companies to partner up with local companies. In doing so, the process for registration seems to be smoother and less time consuming, we have seen.