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4 Interesting Ways To Improve Your Business In A Down Economy

The past two years have been tough for some of Africa’s biggest economies.
Nigeria, South Africa and Angola, among others, have been hit with varying degrees of economic challenges, and have struggled to limp out of recessions.
Times have been really hard for both small and big businesses. Hard economic times affect customer demand, which affects sales. And the adverse foreign exchange situation has skyrocketed the cost of doing business.
But even in these hard times, it’s very easy for entrepreneurs to get caught up with blaming external factors for our business woes.
We say things like:
“The government is not creating an enabling environment for small businesses.”
“I don’t have access to credit.”,
“My business is not located in a prime spot.”
And if you’re in my country – Nigeria — you might say “I don’t have 24-hour power supply”.
Most entrepreneurs believe that their business fortunes will turn around if all these “external” factors could work in their favor.
The list ..

The Top Business and Investment Opportunities In Nigeria

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The past year has been one of economic progress for Nigeria, with Africa’s largest economy managing to crawl back into growth territory in the second quarter of 2017.
Often regarded as Africa’s sleeping giant, Nigeria has the potential to become one of the world’s most inspiring economic success stories given the size and scale of business and investment opportunities it presents.
The Nigerian government has realised that they need to make the country as attractive and lucrative as possible for offshore investors to bring their capital, skills and business trade into the country.
One way is to provide tax holidays to “pioneer companies,” who are engaged in the production of export goods, establishing new industries, or expanding production in vital sectors of the economy.
Pioneer companies that are eligible under the Industrial Development (Income Tax Relief) Act can enjoy an income “tax holiday” for a period of up to five years.
In addition, pioneer companies enjo..

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