This post answers the question a student directed to us wanting to know the "factors that affects affect commerce in West Africa" Just as we explained in our previous post on
How to Make Money in Africa, there are some information you may need to know about trade in Africa and West Africa before investing.
1. LACK OF INSUFFICIENT CAPITAL : Many West African countries lacks sufficient capitals to cope with the expanding growth of business and the level of capital invested in the business is usually low.
2. UNDEVELOPED MARKETS : Markets in West Africa are not well developed to accommodate large scale commercial activities.
3. ILLITERACY : The high rate rate of illiteracy in West Africa usually affects the growth of commerce in the region. Many people cannot read or write and cannot interacts with foreign traders in business.
4. POOR TRANSPORT SYSTEM : Major roads in some part of Africa and other West Africa are bad which discourages transportation of goods and services
5. LOW PER …
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