Sunday, 25 September 2022

PIRITSI NEWS | BUSINESS, TRENDS, & MORE

The continent of Africa is seized with a catastrophe whose antidote seems elusive with the passage of time – Youth Unemployment. Many see it coming, Governments across the continent continue to complain about it, youths are not only anxious but disappointed that generations ahead of them seem to be setting them up for failure through selfishness. The ticking time bomb cannot be ignored forever.

Money Transfer is on the rise in Africa, and there are several brands taking the lead in dominating territories and other market segments. Remittance flows to sub-Saharan Africa were recorded to be $48 billion in 2019, but the true total is likely to be significantly larger. Nigeria alone received about half of total remittance flows to sub-Saharan Africa.

It is very important to have a good business plan in South Africa, because the markets are not as clear-cut as they are in advanced markets in Europe. A South African Start-Up requires more planning just to acquire the capital, because there is need to ensure that the business is executable, measurable, and most importantly, profitable.