Doing business in Africa is much easier today than it was before as Internet penetration increases and as governments build up infrastructure across the continent.
However, according to a report by the UN, trade between African countries stands at just 20% while trade with the EU is at 60%. The total intra-African trade reached 130 billion representing 11.3 percent of African trade with the world.
African countries have generally made modest progress in boosting intra-regional trade. Over the period of 2007 to 2011, the average share of intra-African exports to total merchandise exports in Africa was 11 percent compared to 50 percent in Asia and 21 percent in Latin America and the Caribean while 70 percent in Europe.
Using its Biz4Afrika portal, the firm aims to bring together information to help investors set up and do business in Africa.
The Biz4Afrika portal is a one-stop-shop for African small and medium enterprises (SMEs) aimed at providing quality content on best business practice and advisory services for SME’s in Africa. The portal aims to create a vibrant online business community amongst listed SME’s, providing them with the opportunity to trade with similar sized businesses through the portal’s online directory, thereby accelerating their individual growth.
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