INTERNET, BUSINESS and AFRICA
Back again, this time the issue at hand is the INTERNET,BUSINESS and AFRICA. If we realize the internet is becoming a common phenomenon on in Africa, especially amongst the youths and those who are dynamic. Looking at business in Africa which seems to be on the rise due to the demand for raw materials, Africa compared to other continents is not yet at its optimum point in most of its countries.
There are 2 key players in this business excellence game:
1. The Private Businesses
2. The Internet
The Private Businesses have a large and ready supply to meet up with the demands of the national consumers but what happens to the excesses? The main problem here is these big private enterprises already have a fixed market nation wide, as earlier said and for this reason do not deem the internet a source of generating extra income from foreign consumers and therefore growth in terms of production is handicapped like wise employment and company growth.
The internet here is almost available nation wide and world wide with a massive consumer market waiting to buy. In this case the internet is most available to individuals who do not have the product but can create false enterprises and connections to extort money from foreign consumers ( Scam Artists). If this fraudulent individuals can establish such non existent enterprises and commodities which in return generate over USD $1000, 100.000 this means a legit enterprise can succeed.
Therefore legally documented existing businesses with the ready commodities for exportation and the use of the internet to generate extra revenue will be a breakthrough in the world of business because this will attract foreign consumers to come in their numbers.
References
http://en.wikipedia.org/wiki/Cameroon
http://www.howwemadeitinafrica.com/jobs-2/
http://www.africaopenforbusiness.com/
http://www.business-africa.net/
Cameroon's per-capita GDP (Purchasing power parity) was estimated as
US$2,300 in 2008, one of the ten highest in sub-Saharan Africa. Major export markets
include France,
Italy,
South Korea,
Spain,
and the United Kingdom. Cameroon is aiming to become an
emerging country by 2035. Cameroon has had a decade of strong economic
performance, with GDP growing at an average of 4 percent per year. During the
2004–2008 periods, public debt was reduced from over 60 percent of GDP to 10
percent and official reserves quadrupled to over USD 3 billion. Cameroon
is part of the Bank of Central African States
(of which it is the dominant economy), the Customs and Economic Union of Central
Africa (UDEAC) and the Organization
for the Harmonization of Business Law in Africa (OHADA). Its
currency is the CFA franc.
Despite the high GDP, unemployment was estimated at 30 percent in 2001, and about
a third of the population was living below the international poverty
threshold of US$1.25 a day in 2009. Since the late 1980s, Cameroon
has been following programmes advocated by the World Bank
and International Monetary Fund (IMF) to
reduce poverty, privatise industries, and increase economic growth.
Privatization indicates the future of the economy is in the "hands" of the private sector. For the private sector to reach its optimum point the Internet and Mass Media has to come into play. Many private sector businesses are striving because they cannot exploit the unlimited demand of their products by nation wide and world wide consumers.
There are 2 key players in this business excellence game:
1. The Private Businesses
2. The Internet
The Private Businesses have a large and ready supply to meet up with the demands of the national consumers but what happens to the excesses? The main problem here is these big private enterprises already have a fixed market nation wide, as earlier said and for this reason do not deem the internet a source of generating extra income from foreign consumers and therefore growth in terms of production is handicapped like wise employment and company growth.
The internet here is almost available nation wide and world wide with a massive consumer market waiting to buy. In this case the internet is most available to individuals who do not have the product but can create false enterprises and connections to extort money from foreign consumers ( Scam Artists). If this fraudulent individuals can establish such non existent enterprises and commodities which in return generate over USD $1000, 100.000 this means a legit enterprise can succeed.
Therefore legally documented existing businesses with the ready commodities for exportation and the use of the internet to generate extra revenue will be a breakthrough in the world of business because this will attract foreign consumers to come in their numbers.
References
http://en.wikipedia.org/wiki/Cameroon
http://www.howwemadeitinafrica.com/jobs-2/
http://www.africaopenforbusiness.com/
http://www.business-africa.net/
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