From my research, I learnt that most projects in Africa never take off because of the following reasons:
- Some owners are not organized.
- Paperwork which is strictly demanded by most financiers is not available.
- Some owners of projects cannot afford to pay professionals who would otherwise have helped them get prepared.
- Feasibility Studies are very expensive and most project owners can’t afford them.
- Most Finance Boutiques or Consultants with expertise and useful funding sources demand upfront fees that project owners cannot afford.
- There are some project owners who can afford to pay upfront fees, however they are afraid to part with the money due to past experiences.
If we can find a solution for these issues I have listed above, there would be a lot of funding opportunities in Africa.
