New Study Finds Britain Attracts African Startups for Licences and Teams
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A new study of six countries has found that African startups use different places for different parts of their business. According to the research, many companies use the United States mainly for incorporation and fundraising. In other words, they often register their companies there and raise money from investors there.
The study also shows that the United Kingdom plays a different role. Startups with UK links are more likely to attract licences and build their teams there. This means that Britain is becoming an important place for companies to get the permissions they need to work and to hire staff. For UK readers, the findings show that the country is seen as a useful base for certain business activities.
The research points to the United Arab Emirates as the leader in day-to-day operations. African startups with links to the UAE are more likely to run their actual business activities from there. Together, the results show that founders often choose a location based on a specific need, rather than using one country for everything.
The findings give a clearer picture of how African technology companies organise their international work. Although the study does not suggest that one country is better than another, it shows that the UK, the US and the UAE each have a distinct place in this network. The researchers' results may help entrepreneurs, investors and governments understand where startups choose to grow and why.
Sources: Business Insider Africa
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