Investing In The Ivory Coast

Ivory Coast or Cote d’ivoire is a West African country located between Ghana and Liberia. Between the 1960s and 1970s, the country held a strong position economically through its cocoa and coffee production. However, the economic crisis encountered by the country in the 1980s led it to a period of social and political unrest. Today, the Ivorian economy stands as mainly marketing-based and depending greatly on its agriculture sector.

On the other hand, Ivory Coast vigorously encourages foreign investment. France is seen to be the most significant foreign investor here. Since the year 2006, the country’s oil and gas production has also become important for its economy as well as its investment sector. Various private companies are engaged in oil exploration in the offshore of Ivory Coast. Ivory Coast is known more of as an oil refining country rather than an oil producing country. Its offshore oil fields are not as rich as those of Nigeria, but still it holds a modestly challenging place in the global oil industry.

Investment opportunities in Ivory Coast are abundant and based on capitalism where private units are actively inspired to invest. Foreign investment accounts for almost 40% of total capita income of the Ivoirian firms.

The greatest opportunity in investing is seen in the real estate of Ivory Coast. With the introduction of stability in the country, the requirement for property has greatly increased. There is however, a wide gap between the supply and demand which is becoming progressively apparent with the passing days. To counteract this problem, the Ministry of Construction and Urbanism has begun an operation to provide land in large urban areas. For this reason, this area is a healthy chance for foreign investors.As opportunities for investment in Ivory Coast are ample, there is also an important place for translation service companies in the country. Majority of the Ivorian people speak French because of which mainly the investment sector sees France as a significant investor. French Translation services will help the other foreign investors to actively engage in investment activities in the country.

Considering the vigorous encouragement of foreign investment in Ivory Coast, translation services firms enjoy and occupy a special place in the country as a chance to further boost the foreign investment system here. Translators can play a huge and significant role in the communication between the foreign investors and the local people and opportunities for investment can be furthered for the betterment of Ivory Coast in the long run.

Doing Business in Uganda

ugandaUganda, an East African country has developed good political relations with China. It has a promising environment for foreign investors. The Ugandan people have invested in every sector, making the environment conducive for foreign companies and trade partners by consistent efforts.

Uganda’s leading development partners are United States and China, the two great world economies. The China-Uganda bilateral trade has witnessed a growth of 35 percent, as a result of the duty free policy introduced by China on the Ugandan goods that enter its market. This trade has reached $538 million dollars due to this duty free policy implemented by China. Over a period of ten years, 310 Chinese companies planned their investments of millions of dollars, creating more than 30,000 jobs for the Ugandans. Each year 40 or more Chinese companies register in Uganda, offering investments of millions of dollars. This trade relationship has arisen the need of Chinese translators in Uganda.

United States has also maintained cordial relationships with Uganda after several years of strained relationships with the country. United States is investing in the health, education and agriculture sectors of Uganda to eradicate poverty from the country. But the infrastructure in the country needs to be improved too.

The Ugandans have laid the foundations of some exemplary enterprises like the Divine Master Limited  which works with around 12,000 farmer families and is involved in the growth and production of soya beans, maize and rice. Entrepreneurs of services like Ffene are providing software for businessmen. The Company also won a prize of $10,000 for winning the Apps4Africa 2012 challenge. The country has been investing in water transportation, energy, oil and gas field exploration and in pharmaceutics. The oil deposits of Uganda have proved to be a 40% higher than the estimated reserves and out of 77 drilled oil wells, 70 have been reported having oil and gas reserves. This shows that the country has a supply of oil and gas reserves and more exploration might prove fruitful in this regard.

With more foreign investors considering to invest in Uganda, the country has opportunities to earn for translators as well. Hiring translators through reputed translation service companies is the best bet. Chicago translation services company and New York translation services company are among a few such companies rendering good services.