News update Telecoms and ICT in Africa – Issue No 94 on 25 January 2002

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GETTING INVESTMENT IN AFRICAN ICT COMPANIES - WHAT THE ENTREPRENEUR NEEDS TO KNOW

25 January 2002

The opening up of new internet and telecoms markets in Africa has created many opportunities for potential and existing entrepreneurs. New companies are blossoming and some have already grown impressively. In order to start and to grow further, these ICT entrepreneurs need investment. Last week’s Entrepreneurship Workshop in Accra (see People and Jobs) offered a useful route map for those going down this road. Russell Southwood looks at what’s on offer and what different finance institutions are looking for.   For African entrepreneurs wanting to start their own ICT company, one of the first visits is usually to the bank.…