A lot of Western Europeans (including north America culture block) thinks that Africa is just a bunch of poor black people being lazy all day long, which if you think about it, is completely non sense.
Yes, there are challenges, yes there are problems, but never underestimate the possibilities in a continent so big that it takes 9 hours to fly from north to south...
IT is one of these opportunities, I know a guy that made millions in NY by exporting fragrances unsold in the US market to Nigeria ( NIGERIA, not DUBAI)
So to address your question: how they financed themself? they started to do bunch of things till one took off and was sustainable, they got funding or self funded till they got operations on point and started to expand in other territories (from IT maybe to Building or to Tech import) since competitors lacked
If you think about it, is pretty clear:
guy finds a niche in a unexplored market most of the times snobbed by competitors (africans don't have money)
gets good at his venture and understand what is needed
gets a good team and starts to manage the operations
starts another profitable adventure and eventually appoints empire builders in charge
repeat
Yes, there are challenges, yes there are problems, but never underestimate the possibilities in a continent so big that it takes 9 hours to fly from north to south...
IT is one of these opportunities, I know a guy that made millions in NY by exporting fragrances unsold in the US market to Nigeria ( NIGERIA, not DUBAI)
So to address your question: how they financed themself? they started to do bunch of things till one took off and was sustainable, they got funding or self funded till they got operations on point and started to expand in other territories (from IT maybe to Building or to Tech import) since competitors lacked
If you think about it, is pretty clear:
guy finds a niche in a unexplored market most of the times snobbed by competitors (africans don't have money)
gets good at his venture and understand what is needed
gets a good team and starts to manage the operations
starts another profitable adventure and eventually appoints empire builders in charge
repeat