Africa Connected with Standard Bank

#AfricaConnected: Most Ivorians fund their own businesses

Broadcaster and podcaster Lee Kasumba is exploring business ventures in Cote d'Ivoire and how Ivorians start their businesses.

Kasumba says she had the chance to speak to two restaurant owners who told her banks do not fund their businesses. These business owners say they do not mind raising the capital themselves.

They have to raise the starting capital in order to starts their own businesses. The ladies were more then happy because they said at least they know they are working from a position of knowing their business is their own and they don't have to worry about extra costs of having to pay banks back.

Lee Kasumba, Radio and TV presenter

In the information and communication sector, it is a different story.

In the ICT sector there is a lot of banks support.

Lee Kasumba, Radio and TV presenter

Kasumba says electricity in Cote d'Ivoire is stable, unlike in Nigeria where it is affected by the oil prices.

In general, it is easy to do business here because one of the things they don't have to deal with is the inconsistent power supply which we experience in neighboring countries.

Lee Kasumba, Radio and TV presenter

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