How Do African Businesses Get Start Up Capital?
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 todays technology, the start up capital reservoirs in Africa can be widened to the extent tha
