AfricanBIB – A landmark of our company development 0

abib02With the project AfricanBIB (African Business Information Bank) a new landmark in the development of our company was reached. Q-fin is developing a product for the non-European market for the first time. The African Business Information Bank requires a software solution which enables an internet-supported inquiry and provision of company data and evaluations. The business concept of African Business Information Bank is to establish a capable business consultancy for German as well as African companies on the basis of reliable, specific and continuously updated information on the economic environment and concrete business partners. Along with it, AfricanBIB would like to consult about investment potentials and put investment partners in contact with each other. Hence AfricanBIB expects a duplication of Joint-Venture projects between German and African companies which would increase the African share in the international trade. The African Business Information Bank is an innovative project in order to

  • bridge the gap of information and knowledge about investment opportunities in Africa with the aim to support international willingness to invest in African companies and markets as well as to reduce uncertainties and risk perceptions on behalf of the investors
  • assist international and African entrepreneurs with gathering new business opportunities and corresponding contacts on a partnership basis in (other) African countries
  • generate and distribute business knowledge among ambitious African entrepreneurs
  • support African diasporas to found and run small and medium-sized companies in Germany and their mother country

In December 2011 and January 212 we were in Cameroon in order to be in talks with representatives of the government and the economy in Douala, Yaounde, Bamenda and Garua.
Cameroon is one of the countries belonging to the “Communauté Économique et Monétaire de l’Afrique Centrale” (CEMAC). Petroleum, wood, cocoa, aluminium, coffee and cotton are exported, card, fuels, clothings, chemicals and machinery are imported. Cameroon should become an emerging nation until 2035 according to the plans of the government.