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In terms of assistance for Dubai-primarily based entrepreneurs that are keen on moving into the African industry, Annoh says that they have to be organized to the red tape and cultural differences when accomplishing small business during the continent. "Firstly, firms coming to Africa really should bear in mind that the issues of bureaucracy and corruption may possibly have an affect on their capital, if not managed effectively, " he says. "Federal government assist is not obtainable, and one need to pay attention to taxes, which tend to be pretty high, as African governments normally think about them as their main profits instruments. Secondly, in many African international locations issues usually are not done as promptly as you'd probably do precisely the same during the UAE, so as a result of casual mother nature of the market, you could be frustrated at first. There aren't any correctly structured and standardized ways of undertaking points, therefore, one must examine and fully grasp the make-up with the Africa procedure to be able to do business enterprise here." Annoh also talks about logistical challenges throughout the continent, given that "it might be really problematic to move goods from region to place in Africa.
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But whilst Dubai rolls out the purple carpet for firms from Africa, Dubai Chamber's Khan notes that companies while in the UAE would be wise to have a look at chances during the African continent which they can capitalize on in addition. "Africa is usually a sector of strategic importance to Dubai Chamber, and a major concentration of our Worldwide enlargement approach," Khan states, noting which the Chamber by now has its representative places of work in Ethiopia, Ghana, Mozambique, and Kenya, all of which click here Enjoy an Lively purpose in figuring out possibilities in These marketplaces that supply quite possibly the most potential with the small business community in Dubai.