What is legal translation exactly? It's the process of translating legal documents from one country's language to another. Translating legal documents is a complicated process, as not only does a translator have to be fluent in each country's different cultural language, but they need to be intimately familiar with each country's legal system. In essence they are performing two different translations instead of just one. To add to the complexity and pressure of legal translation, the stakes tend to be extremely high for these professionals as a mistranslation can result in one or both parties unwittingly breaking the law and opening themselves up to serious legal actions and repercussions.
There are few forms of translation that require the level of precision and cultural familiarity that legal translations require. While temporary mis-communication and minor personal problems can crop up when a conversation is translated improperly, while a lack of flavor and style can occur when a piece of fiction or some other literary text is mistranslated, and while you might get some wrong directions if you translate improperly while traveling in another country, an error in a legal translation can lead to imprisonment or hefty lawsuits.
The seriousness of legal translation is largely due to the fact that most trans-language legal documents are business documents that assign various roles and responsibilities to the different parties involved. Legal documents that require translation also often are composites of statements and documents composed by multiple individuals. For example if you are dealing with witness statements from 6 different people a translator needs to understand both languages well enough to get the flavor of the statement while also understanding each country's law well enough to make sure they don't take poetic license translating a specific word or phrase whose translation holds different legal context in each system of law.
Additionally many translation problems can crop up when a document or statement utilizes words and phrases which have no direct pairing in the second language. This translation issues is especially important considering the deep and precise analysis of words that lawyers utilize in their arguments when presenting cases.
Law-related translations are, in essence, a minefield, which is why it's so important that you only hire the best translators for this work. It isn't enough to hire a normal translator, this is such a focused field you need to always hire a specialist. While you will certain pay more money for a lawyer who specializes in legal translation, you cannot risk the long term legal and financial difficulties that improper legal translations open you up to.
Charlene Lacandazo is a marketing executive for a legal translation agency called Rosetta Translation, which is headquartered in London.
Rosetta Translation focuses on legal translation services to Fortune 500 companies and leading global law firms.
Tuesday, April 19, 2011
Business Project - Four of Its Important Aspects for Chinese Investors
In order to be ready to present own project or communicate with Chinese investors, a foreign manager should to identify those objects and directions, which could be interesting for Chinese. It is important to know such directions not only to build successful communication with Chinese businessmen and attract their attention, but also to correct projects and accents of the projects during presentation.
One of such directions is that things, what have one Chinese, another one should also have. That means, that something, that is interesting for a Chinese, will be also interesting for other Chinese. This principle is about not only things, but also about ideology of business. For instance, if we look on Chinese business, we can mention, that there are similar directions in different areas, such as product realization, business negotiations, advertising and promotion.
The same principle is applied to investors. For example, that, what is interesting for big investors, will be interesting for small investment companies. Knowledge about this principle could help foreign manager to build mirror strategy according strategy of Chinese investor and, thus, to propose own project as interesting. There are four key aspects, which are important for Chinese businessmen.
The first aspect is that, Chinese develop accurate international strategy, when they build own investment policy. Therefore a foreign manager should present his project as potentially international. Moreover, he needs to appoint on the size of the project, otherwise Chinese manager will evaluate it himself and will offer an amount of money according his vision and attitude.
The second aspect is preparation of resources for goal achievement. During presentation, it is possible to note, what kind of resources own company has, for example, administration, commercial, technical resources. In addition, it should be shown, what share of them the general manager is ready to use. It is also necessary to give Chinese investors to understand, that the main activities referring to the project were fulfilled and resources are activated. Some recommendation and reference letters could be provided as a prove of readiness to the next steps and that serious work has been done. Furthermore, if company received such recommendations from other Chinese firm, this will become a way to built correctly "Guanxi", net of business connections.
The third aspect is research of target markets. It is understandable, that Chinese don't know all narrow moments of market and specifics of foreign business. Therefore foreign manager should demonstrate results of made research of customer segments, instead of short information, that promotion and trades will be realized at the growing market.
The forth aspect is control and project management. As the majority of Chinese businessmen are educated in European or American Universities, it is obligatory to make accents on systems of project management and quality control. They pay attention to such points. Chinese also want to see financial and efficiency indexes. It is recommended to include them to business project presentation.
To conclude, the main principle, which could be used by a foreign manager is principle of imitation, as Chinese find interesting, those things, which are interesting for other Chinese. Therefore experienced manager should take into consideration four aspects during project presentations, which will do his project similar to Chinese projects. Such mirror strategy could be accepted as a way, how to become interesting and attract attention of Chinese investors.
If you are interested in Chinese Investor check this web-site to learn more about Chinese Investor.
One of such directions is that things, what have one Chinese, another one should also have. That means, that something, that is interesting for a Chinese, will be also interesting for other Chinese. This principle is about not only things, but also about ideology of business. For instance, if we look on Chinese business, we can mention, that there are similar directions in different areas, such as product realization, business negotiations, advertising and promotion.
The same principle is applied to investors. For example, that, what is interesting for big investors, will be interesting for small investment companies. Knowledge about this principle could help foreign manager to build mirror strategy according strategy of Chinese investor and, thus, to propose own project as interesting. There are four key aspects, which are important for Chinese businessmen.
The first aspect is that, Chinese develop accurate international strategy, when they build own investment policy. Therefore a foreign manager should present his project as potentially international. Moreover, he needs to appoint on the size of the project, otherwise Chinese manager will evaluate it himself and will offer an amount of money according his vision and attitude.
The second aspect is preparation of resources for goal achievement. During presentation, it is possible to note, what kind of resources own company has, for example, administration, commercial, technical resources. In addition, it should be shown, what share of them the general manager is ready to use. It is also necessary to give Chinese investors to understand, that the main activities referring to the project were fulfilled and resources are activated. Some recommendation and reference letters could be provided as a prove of readiness to the next steps and that serious work has been done. Furthermore, if company received such recommendations from other Chinese firm, this will become a way to built correctly "Guanxi", net of business connections.
The third aspect is research of target markets. It is understandable, that Chinese don't know all narrow moments of market and specifics of foreign business. Therefore foreign manager should demonstrate results of made research of customer segments, instead of short information, that promotion and trades will be realized at the growing market.
The forth aspect is control and project management. As the majority of Chinese businessmen are educated in European or American Universities, it is obligatory to make accents on systems of project management and quality control. They pay attention to such points. Chinese also want to see financial and efficiency indexes. It is recommended to include them to business project presentation.
To conclude, the main principle, which could be used by a foreign manager is principle of imitation, as Chinese find interesting, those things, which are interesting for other Chinese. Therefore experienced manager should take into consideration four aspects during project presentations, which will do his project similar to Chinese projects. Such mirror strategy could be accepted as a way, how to become interesting and attract attention of Chinese investors.
If you are interested in Chinese Investor check this web-site to learn more about Chinese Investor.
Offshore Banks in Singapore
Singapore is a popular choice for wealthy individuals looking for a safe and secure offshore account for their personal assets and investments. It is also considered to be a favorable jurisdiction for incorporation of international businesses because of its favorable tax laws and business-friendly policies.
Singapore is considered by many as an ideal place to deposit their funds or incorporate their business because of its political and economic stability, the fact most business transactions are done in English and Singapore's many full service commercial options.
The 2001 banking laws in Singapore were rewritten to encourage the consolidation of local banks and the location of foreign banks and foreign branches in Singapore.
There are currently only seven locally incorporated Singapore banks offering full services. However, there are over 100 foreign options operating offices in Singapore, twenty-four are full service, over forty are wholesale, and another forty-two are offshore banks.
Under the Singapore laws foreign companies with full licenses can offer most commercial banking services to account holders however unlike local options there are restrictions on the number of branches and automated teller machines the foreign companies can operate. Foreign Banks with full licenses include American Express, BOA, CITIbank, and JP Morgan Chase all incorporated in the United States. There are also full service foreign ones from China, Hong Kong, Japan, India, France, Thailand, and Malaysia.
There are eight foreign options that have received 'Qualified Full Bank' licenses under the new laws. These so called QFB Banks can establish multiple offices and branches in Singapore as well as operate more ATMs than the full service foreign banks. Those foreign banks with QFB status include the Australian and New Zealand Banking Group Limited, BNP Bank (formerly known as Banque Nationale De Paris), CITIbank Singapore, Standard Chartered Bank from Great Britain, HSBC Hong Kong, Malayan Banking Berhad MayBank, and Star Bank of India and ICIC Bank Limited of India.
There are over forty foreign different options with wholesale bank licenses. These options offer the same services as full banks, except that they do not deal in the Singapore dollar and are limited under the wholesale license to one main branch in Singapore. The offshore banks offer account holders a range of services but they do not deal in the Singapore dollar or in the Singapore Government Securities Market. The offshore options are from all over the world including South Africa, Europe, Asia, Canada and Scandinavia.
If you are considering establishing a personal or business account in Singapore there are a large number of banks offering a variety of services to choose among. Before you choose a bank to establish your accounts with seek the assistance of a professional financial advisor to ensure that the bank you decide to work with will be able to meet your unique financial and business needs.
At the Q Wealth Report we specialize in educating investors about Offshore Banking, join our mailing list to get the latest tips and advice for offshore investing, incorporating, and international tax havens. If you liked this article, don't miss this one: Swiss banks look to Singapore
Singapore is considered by many as an ideal place to deposit their funds or incorporate their business because of its political and economic stability, the fact most business transactions are done in English and Singapore's many full service commercial options.
The 2001 banking laws in Singapore were rewritten to encourage the consolidation of local banks and the location of foreign banks and foreign branches in Singapore.
There are currently only seven locally incorporated Singapore banks offering full services. However, there are over 100 foreign options operating offices in Singapore, twenty-four are full service, over forty are wholesale, and another forty-two are offshore banks.
Under the Singapore laws foreign companies with full licenses can offer most commercial banking services to account holders however unlike local options there are restrictions on the number of branches and automated teller machines the foreign companies can operate. Foreign Banks with full licenses include American Express, BOA, CITIbank, and JP Morgan Chase all incorporated in the United States. There are also full service foreign ones from China, Hong Kong, Japan, India, France, Thailand, and Malaysia.
There are eight foreign options that have received 'Qualified Full Bank' licenses under the new laws. These so called QFB Banks can establish multiple offices and branches in Singapore as well as operate more ATMs than the full service foreign banks. Those foreign banks with QFB status include the Australian and New Zealand Banking Group Limited, BNP Bank (formerly known as Banque Nationale De Paris), CITIbank Singapore, Standard Chartered Bank from Great Britain, HSBC Hong Kong, Malayan Banking Berhad MayBank, and Star Bank of India and ICIC Bank Limited of India.
There are over forty foreign different options with wholesale bank licenses. These options offer the same services as full banks, except that they do not deal in the Singapore dollar and are limited under the wholesale license to one main branch in Singapore. The offshore banks offer account holders a range of services but they do not deal in the Singapore dollar or in the Singapore Government Securities Market. The offshore options are from all over the world including South Africa, Europe, Asia, Canada and Scandinavia.
If you are considering establishing a personal or business account in Singapore there are a large number of banks offering a variety of services to choose among. Before you choose a bank to establish your accounts with seek the assistance of a professional financial advisor to ensure that the bank you decide to work with will be able to meet your unique financial and business needs.
At the Q Wealth Report we specialize in educating investors about Offshore Banking, join our mailing list to get the latest tips and advice for offshore investing, incorporating, and international tax havens. If you liked this article, don't miss this one: Swiss banks look to Singapore
Rising Opportunities "SOLAR BALKANS 2011" - 1st Solar Business Forum for the Balkans
The solar sector in Europe has been very dynamic recently, accounting for 70 percent of the entire solar market. There was a reported increase in demand last year, resulting in 13 gigawatts from newly added PV projects. In terms of earnings, the German solar sector holds the spot as the world's biggest global solar market; their top solar companies reporting substantial increases in their revenue. With factors like lower installation costs, enhanced technology, continued investor interest, and political support, experts agree that interest in solar energy, PV in particular, can only continue to grow.
The Balkans show promise as a potential solar market in the near future. At Rising Opportunities "SOLAR BALKANS 2011" - The 1st Solar Business Forum for Balkans to be held on 14 and 15 April 2011 in Sofia, Bulgaria, major players in Balkans solar and international solar industry will have the opportunity to get together and explore possibilities for mutually advantageous cooperation in the solar business. Big names in the Balkans solar sector like Heliosphera, Bisol, SunService or Solarpro, as well as international companies such as Satcon Technology, Canadian Solar, BP Solar, Martifer Solar, MAG, Upsolar, Jinko Solar have already confirmed their participation in this business-to-business initiative.
Tomas Slusarz, CEO of SolarPVconsulting and Program Coordinator of Solar Balkans 2011, believes that this gathering of international industry and investors will be a great opportunity to boost and accelerate the development of the solar market in Balkans. He also hopes that the forum would help to create synergies between International and Balkan Solar businesses with the mutual benefits. Other members of the program committee point out that the drive in the Balkan solar sector comes from "a strong will to become less dependent on fossil fuels". As a result, the region has been experiencing growing interest in Renewable Energy over the years, particularly PV.
The organizers also consider Solar Balkans 2011 as an important event for Bulgaria itself. "We believe that New Feed-in Tariff (FIT) law, which should introduce fixed rates of FIT, will remove the biggest bottleneck in the development of the Bulgarian market - financial uncertainty" - says Chairman of BPVA and Chairman of Solar Balkans. Apart from the opportunity to exchange ideas and experience with colleagues coming from Bulgaria, Turkey, Romania, Slovenia, Macedonia, Serbia and other Balkan countries, they are also counting on an exchange with the global solar industry by transmitting all the panel discussions live on SolarPV.TV, giving the forum "a real international dimension".
Not only is Solar Balkans 2011 about discovering new business opportunities, it also facilitates networking in a friendly atmosphere through the Networking Business Exchange Area provided. A Solar Bowling Party Reception will take place on the first day as well.
Solar Balkans 2011 is held on the occasion of the 7th South East European EE & RES Congress, while the Exhibition is organised on the initiative of BPVA (Bulgarian Photovoltaic Industry Association) in cooperation with SolarPVconsulting, and with the organisational support of Via Expo. The detailed program, registration information, and other information about the Forum, is regularly updated on SolarPV.tv.
Kang R. Martelino likes pretty words and prettier metaphors. Former campus journalist/DJ/poet who always had something to say about Life and Everything Else; now focuses largely on green news, particularly renewable energy. She is also particularly fond of thrift stores and fat animals. She works out of Central Hong Kong. http://www.ecoseed.org/
The Balkans show promise as a potential solar market in the near future. At Rising Opportunities "SOLAR BALKANS 2011" - The 1st Solar Business Forum for Balkans to be held on 14 and 15 April 2011 in Sofia, Bulgaria, major players in Balkans solar and international solar industry will have the opportunity to get together and explore possibilities for mutually advantageous cooperation in the solar business. Big names in the Balkans solar sector like Heliosphera, Bisol, SunService or Solarpro, as well as international companies such as Satcon Technology, Canadian Solar, BP Solar, Martifer Solar, MAG, Upsolar, Jinko Solar have already confirmed their participation in this business-to-business initiative.
Tomas Slusarz, CEO of SolarPVconsulting and Program Coordinator of Solar Balkans 2011, believes that this gathering of international industry and investors will be a great opportunity to boost and accelerate the development of the solar market in Balkans. He also hopes that the forum would help to create synergies between International and Balkan Solar businesses with the mutual benefits. Other members of the program committee point out that the drive in the Balkan solar sector comes from "a strong will to become less dependent on fossil fuels". As a result, the region has been experiencing growing interest in Renewable Energy over the years, particularly PV.
The organizers also consider Solar Balkans 2011 as an important event for Bulgaria itself. "We believe that New Feed-in Tariff (FIT) law, which should introduce fixed rates of FIT, will remove the biggest bottleneck in the development of the Bulgarian market - financial uncertainty" - says Chairman of BPVA and Chairman of Solar Balkans. Apart from the opportunity to exchange ideas and experience with colleagues coming from Bulgaria, Turkey, Romania, Slovenia, Macedonia, Serbia and other Balkan countries, they are also counting on an exchange with the global solar industry by transmitting all the panel discussions live on SolarPV.TV, giving the forum "a real international dimension".
Not only is Solar Balkans 2011 about discovering new business opportunities, it also facilitates networking in a friendly atmosphere through the Networking Business Exchange Area provided. A Solar Bowling Party Reception will take place on the first day as well.
Solar Balkans 2011 is held on the occasion of the 7th South East European EE & RES Congress, while the Exhibition is organised on the initiative of BPVA (Bulgarian Photovoltaic Industry Association) in cooperation with SolarPVconsulting, and with the organisational support of Via Expo. The detailed program, registration information, and other information about the Forum, is regularly updated on SolarPV.tv.
Kang R. Martelino likes pretty words and prettier metaphors. Former campus journalist/DJ/poet who always had something to say about Life and Everything Else; now focuses largely on green news, particularly renewable energy. She is also particularly fond of thrift stores and fat animals. She works out of Central Hong Kong. http://www.ecoseed.org/
Investment in China - What You Must Know About Tax Avoidance and Your Potential Liabilities
With investigations in the United States regarding the use of back door listing of Chinese companies on US markets, it's worth taking a little time to understand financial practices in China. If you can get a decent understanding of how companies operate in the country (whether or not they IPO) you can take precautions to ensure your investment is sound. Here's a list of practices you might want to check for before parting with your money.
Tax avoidance is very common in China, most small and medium sized enterprises have complex systems designed for this very purpose and even large scale enterprises are not immune. It's important to know how much of liability your company may be facing before handing over your cash.
Multiple Sets of Accounts
This practice is extremely common, and while the usual purpose is to try and reduce tax obligations they may also be concealing dodgy business practices within the organisation too. Official accounts are prepared and submitted electronically, whereas the unofficial copies tend to be kept manually. They are often impossible to reconcile.
Off Book Revenue Received
Because China's tax system is not fully automated the country has implemented something known as the "fa piao" instead. Which is an official receipt that shows tax has already been paid on the sum received, many companies offer discounts or rebates based on not issuing a "fa piao". While this is common practice, it means that any revenue received will not be shown on book unless a "fa piao" was issued. This means the company may have far larger revenue streams than accounts demonstrate.
Deferred Revenues
While not strictly tax avoidance many companies will hold off booking revenue until the following tax period to minimise tax liabilities on earnings, it's a poor practice and makes it harder for an outsider to grasp the true level of sales in a business.
Off Book Employees
It's not just revenues that fail to appear in the books, often employees aren't officially registered - which can leave the company open to major losses if the authorities work it out. (Chinese employers are required to make multiple contributions to welfare funds and medical funds, which aren't paid to off book employees).
On the flip side it's not unknown for fictional employees to appear on the books and be paid a salary, or for an individual employee to appear on the books multiple times in different jobs too, driving up the wage bill for fraudulent activity.
Phantom Assets/Shareholder Assets
Under reporting and over reporting of assets is widespread, sometimes due to misreporting and in other cases straight fraud. Due diligence is vital to understand the true situation, as often a company may "mix" it's assets with those of shareholders or executives.
Contract Enforceability
Many contracts in China aren't worth the paper they're written on, because of a relationship focused culture often people's word is what makes things run smoothly. You need to ensure (particularly in the case of a takeover) that contracts are enforceable and valid.
VAT Reporting
Another area of regular fraud and confusion is VAT compliancy, many companies either underreport by accident or because they are trying to dodge the tax bullet.
Investing in any developing market requires a level of caution, you should conduct thorough due diligence and always have your potential investments investigated by local professionals (who have no relationships with your target company) as well as international teams if at all possible. China offers great opportunities, but not without risks. Prudent investment in Chinese business requires much more time and effort than in developed countries.
Nick Kellingley is the managing editor of China Strategic Monitor, http://www.chinastrategicmonitor.com
CSM is a newsletter and consulting service for finance and technology companies looking to invest in China. We offer insight into key verticals; New Energy, Automotive and Coal & Steel as well as bespoke reporting services and consultancy. You can catch our blog with daily updates at http://csminsights.com
Tax avoidance is very common in China, most small and medium sized enterprises have complex systems designed for this very purpose and even large scale enterprises are not immune. It's important to know how much of liability your company may be facing before handing over your cash.
Multiple Sets of Accounts
This practice is extremely common, and while the usual purpose is to try and reduce tax obligations they may also be concealing dodgy business practices within the organisation too. Official accounts are prepared and submitted electronically, whereas the unofficial copies tend to be kept manually. They are often impossible to reconcile.
Off Book Revenue Received
Because China's tax system is not fully automated the country has implemented something known as the "fa piao" instead. Which is an official receipt that shows tax has already been paid on the sum received, many companies offer discounts or rebates based on not issuing a "fa piao". While this is common practice, it means that any revenue received will not be shown on book unless a "fa piao" was issued. This means the company may have far larger revenue streams than accounts demonstrate.
Deferred Revenues
While not strictly tax avoidance many companies will hold off booking revenue until the following tax period to minimise tax liabilities on earnings, it's a poor practice and makes it harder for an outsider to grasp the true level of sales in a business.
Off Book Employees
It's not just revenues that fail to appear in the books, often employees aren't officially registered - which can leave the company open to major losses if the authorities work it out. (Chinese employers are required to make multiple contributions to welfare funds and medical funds, which aren't paid to off book employees).
On the flip side it's not unknown for fictional employees to appear on the books and be paid a salary, or for an individual employee to appear on the books multiple times in different jobs too, driving up the wage bill for fraudulent activity.
Phantom Assets/Shareholder Assets
Under reporting and over reporting of assets is widespread, sometimes due to misreporting and in other cases straight fraud. Due diligence is vital to understand the true situation, as often a company may "mix" it's assets with those of shareholders or executives.
Contract Enforceability
Many contracts in China aren't worth the paper they're written on, because of a relationship focused culture often people's word is what makes things run smoothly. You need to ensure (particularly in the case of a takeover) that contracts are enforceable and valid.
VAT Reporting
Another area of regular fraud and confusion is VAT compliancy, many companies either underreport by accident or because they are trying to dodge the tax bullet.
Investing in any developing market requires a level of caution, you should conduct thorough due diligence and always have your potential investments investigated by local professionals (who have no relationships with your target company) as well as international teams if at all possible. China offers great opportunities, but not without risks. Prudent investment in Chinese business requires much more time and effort than in developed countries.
Nick Kellingley is the managing editor of China Strategic Monitor, http://www.chinastrategicmonitor.com
CSM is a newsletter and consulting service for finance and technology companies looking to invest in China. We offer insight into key verticals; New Energy, Automotive and Coal & Steel as well as bespoke reporting services and consultancy. You can catch our blog with daily updates at http://csminsights.com
Emerging Business Opportunities in Africa
If you would consider Africa as your business/investment place, then I commit with my vast knowledge the provision of timely, relevant, appropriate and holistic information on the available business and investment opportunities within the African continent, and get value on their investments.
The African continent remains vastly unexploited besides being a huge reservoir of all economic resources. This is partly due to previous disadvantages in wealth distribution in the world, trade in balance, cold war, and effects of colonialism, among others.
However this is really changing fast and the world's attention is focusing more on Africa's potential to drive the world economy moving into the future. Socio-economic developments, improvements in governance and democracy and penetration in education accessibility are some of the key factors driving this renewed vigor, as they say, the future is here!!
There are various economic & political blocs in Africa which offer a huge market and investment opportunity. These blocs include SADDC, ECOWAS, EAC, COMESA and IGADD. The major aim of these blocs is to widen and deepen the political, economic and social co-operation among partner states. This has resulted in establishing custom unions, common markets with the removal of all trade tariffs, and plans for a monetary union, with the ultimate aim of establishing a Political Federation of the African states.
The continued development of these blocs will increase the opportunities for Investors to trade in Africa and more importantly, will support the development of international trade and investment with other global regions.
So, what are these steaming hot opportunities? My big bet is on the following major sectors in Africa:
· Education
· Energy
· Healthcare
· ICT and
· Agriculture
Besides these sectors, another big bet is on infrastructure development. Africa has of late seen an unprecedented development in its overall infrastructural projects with renewed interest mainly from China, India, Brazil & Russian confederation besides the traditional trading partners. Projects range from roads construction, railways, ports, housing, business parks, provision of social amenities like schools and hospitals, Information and communication Technology projects among others.
These are mainly being spurred by recent happenings in the continent such as the recent secession of the Southern Sudan, improvements in the Gross Domestic Products especially for sub-Saharan countries to match global rates and the introduction of undersea cable connections across the continent for improved internet connectivity. There is also a renewed interest in Africa by the international community as a major source of resources in the world.
I will be sharing various opportunities in these broad sectors in my future articles. Keep reading and make your wise investment decision(s). For more information visit: http://africabusinessfrontrunner.blogspot.com
I am a consultant with a vast knowledge on businesses in Africa, with keen interest in new and emerging market sectors
The African continent remains vastly unexploited besides being a huge reservoir of all economic resources. This is partly due to previous disadvantages in wealth distribution in the world, trade in balance, cold war, and effects of colonialism, among others.
However this is really changing fast and the world's attention is focusing more on Africa's potential to drive the world economy moving into the future. Socio-economic developments, improvements in governance and democracy and penetration in education accessibility are some of the key factors driving this renewed vigor, as they say, the future is here!!
There are various economic & political blocs in Africa which offer a huge market and investment opportunity. These blocs include SADDC, ECOWAS, EAC, COMESA and IGADD. The major aim of these blocs is to widen and deepen the political, economic and social co-operation among partner states. This has resulted in establishing custom unions, common markets with the removal of all trade tariffs, and plans for a monetary union, with the ultimate aim of establishing a Political Federation of the African states.
The continued development of these blocs will increase the opportunities for Investors to trade in Africa and more importantly, will support the development of international trade and investment with other global regions.
So, what are these steaming hot opportunities? My big bet is on the following major sectors in Africa:
· Education
· Energy
· Healthcare
· ICT and
· Agriculture
Besides these sectors, another big bet is on infrastructure development. Africa has of late seen an unprecedented development in its overall infrastructural projects with renewed interest mainly from China, India, Brazil & Russian confederation besides the traditional trading partners. Projects range from roads construction, railways, ports, housing, business parks, provision of social amenities like schools and hospitals, Information and communication Technology projects among others.
These are mainly being spurred by recent happenings in the continent such as the recent secession of the Southern Sudan, improvements in the Gross Domestic Products especially for sub-Saharan countries to match global rates and the introduction of undersea cable connections across the continent for improved internet connectivity. There is also a renewed interest in Africa by the international community as a major source of resources in the world.
I will be sharing various opportunities in these broad sectors in my future articles. Keep reading and make your wise investment decision(s). For more information visit: http://africabusinessfrontrunner.blogspot.com
I am a consultant with a vast knowledge on businesses in Africa, with keen interest in new and emerging market sectors
Emerging Business Opportunities in Africa
If you would consider Africa as your business/investment place, then I commit with my vast knowledge the provision of timely, relevant, appropriate and holistic information on the available business and investment opportunities within the African continent, and get value on their investments.
The African continent remains vastly unexploited besides being a huge reservoir of all economic resources. This is partly due to previous disadvantages in wealth distribution in the world, trade in balance, cold war, and effects of colonialism, among others.
However this is really changing fast and the world's attention is focusing more on Africa's potential to drive the world economy moving into the future. Socio-economic developments, improvements in governance and democracy and penetration in education accessibility are some of the key factors driving this renewed vigor, as they say, the future is here!!
There are various economic & political blocs in Africa which offer a huge market and investment opportunity. These blocs include SADDC, ECOWAS, EAC, COMESA and IGADD. The major aim of these blocs is to widen and deepen the political, economic and social co-operation among partner states. This has resulted in establishing custom unions, common markets with the removal of all trade tariffs, and plans for a monetary union, with the ultimate aim of establishing a Political Federation of the African states.
The continued development of these blocs will increase the opportunities for Investors to trade in Africa and more importantly, will support the development of international trade and investment with other global regions.
So, what are these steaming hot opportunities? My big bet is on the following major sectors in Africa:
· Education
· Energy
· Healthcare
· ICT and
· Agriculture
Besides these sectors, another big bet is on infrastructure development. Africa has of late seen an unprecedented development in its overall infrastructural projects with renewed interest mainly from China, India, Brazil & Russian confederation besides the traditional trading partners. Projects range from roads construction, railways, ports, housing, business parks, provision of social amenities like schools and hospitals, Information and communication Technology projects among others.
These are mainly being spurred by recent happenings in the continent such as the recent secession of the Southern Sudan, improvements in the Gross Domestic Products especially for sub-Saharan countries to match global rates and the introduction of undersea cable connections across the continent for improved internet connectivity. There is also a renewed interest in Africa by the international community as a major source of resources in the world.
I will be sharing various opportunities in these broad sectors in my future articles. Keep reading and make your wise investment decision(s). For more information visit: http://africabusinessfrontrunner.blogspot.com
I am a consultant with a vast knowledge on businesses in Africa, with keen interest in new and emerging market sectors
The African continent remains vastly unexploited besides being a huge reservoir of all economic resources. This is partly due to previous disadvantages in wealth distribution in the world, trade in balance, cold war, and effects of colonialism, among others.
However this is really changing fast and the world's attention is focusing more on Africa's potential to drive the world economy moving into the future. Socio-economic developments, improvements in governance and democracy and penetration in education accessibility are some of the key factors driving this renewed vigor, as they say, the future is here!!
There are various economic & political blocs in Africa which offer a huge market and investment opportunity. These blocs include SADDC, ECOWAS, EAC, COMESA and IGADD. The major aim of these blocs is to widen and deepen the political, economic and social co-operation among partner states. This has resulted in establishing custom unions, common markets with the removal of all trade tariffs, and plans for a monetary union, with the ultimate aim of establishing a Political Federation of the African states.
The continued development of these blocs will increase the opportunities for Investors to trade in Africa and more importantly, will support the development of international trade and investment with other global regions.
So, what are these steaming hot opportunities? My big bet is on the following major sectors in Africa:
· Education
· Energy
· Healthcare
· ICT and
· Agriculture
Besides these sectors, another big bet is on infrastructure development. Africa has of late seen an unprecedented development in its overall infrastructural projects with renewed interest mainly from China, India, Brazil & Russian confederation besides the traditional trading partners. Projects range from roads construction, railways, ports, housing, business parks, provision of social amenities like schools and hospitals, Information and communication Technology projects among others.
These are mainly being spurred by recent happenings in the continent such as the recent secession of the Southern Sudan, improvements in the Gross Domestic Products especially for sub-Saharan countries to match global rates and the introduction of undersea cable connections across the continent for improved internet connectivity. There is also a renewed interest in Africa by the international community as a major source of resources in the world.
I will be sharing various opportunities in these broad sectors in my future articles. Keep reading and make your wise investment decision(s). For more information visit: http://africabusinessfrontrunner.blogspot.com
I am a consultant with a vast knowledge on businesses in Africa, with keen interest in new and emerging market sectors
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