How Your Project Will Be Handled By Africa Business Venture

You have a specific project in mind and you want to execute it. Discover how Africa Business venture can assist you.

See below to find out step by step how your project will be dealt with internally:

Step 1: Project Delivery Manager will be assigned to you

Upon receipt of your project by Africa Business Venture, a dedicated Project Delivery Manager will be assigned to your project within 2 business days. He/Her will contact you directly by email and organise a video call or a meeting.

Step 2: Your project will be reviewed by ABV

In order for ABV to select the best consultants for our clients, we need to ensure that projects are viable and not premature. During your first call/meeting with your Project Delivery Manager, your requirements for the project will be reviewed. Your Project Delivery Manager will give you suggestions for drafting your request for a project.

Step 3: Your project will be made visible to our partners

Upon validation by your Project Delivery Manager of your project, it will be made available online and our partners will be notified. Interviews will be conducted on your behalf, by ABV.

Step 4: You will receive a written proposal from our consultants

We will select the top consultants for your project to assist you. Your consultant will submit his/her proposal and their estimated fee. The consultant will contact you directly for a video call or meeting. Following the call, your Project Delivery Manager will contact you to find out whether you are happy with our consultant selection.

Step 5: The consultant and you, the client, will agree on the terms of business

You will sign an agreement with your consultant. Your consultant will be requested to submit the projects timelines and deliverables on our platform and you will be notified to approve the changes to the project and for you to qualify the project as being assigned.

Step 6: Enjoy your success!

The engagement process is now over but your Project Delivery Manager is still available throughout the project to ensure that work is done to your satisfaction.

What Are Africa Business Venture Payment Terms For Projects?

Africa Business Venture (ABV) has been designed to secure a fast and efficient way for clients to engage with consultants, track their project progress and to pay their consultants.

Before starting any project, payment terms must be agreed between the consultant and the client. Upon completion of a project, the consultant will request payment as follows:

  • For projects with a duration of one month or less:
    • Payment shall be made once the project is completed
    • The consultant shall submit a request for payment
    • Upon client approval for work performed, the client shall pay within 30 days
    • ABV will transfer the funds to the consultant within 5 business days less ABV’s commission.
  • For Projects with a duration of a month or more: P
    • Payment shall be made upon completion of relevant milestones or tasks according to the agreement between the consultant and the client
    • The consultant shall manually enter key milestones onto the dashboard and will calculate the amount for each task or milestone
    • Upon completion of the relevant task or milestone, the consultant shall submit a request for payment
    • Upon client approval for work performed, the client shall pay ABV within 30 days. ABV will transfer the funds to the consultant within 5 business days less ABV’s commission.

Payments will be made in GBP, USD or EUR.  We can accept payments in local African currencies if the parties have agreed to do so.  However this will be subject to:

  • All costs related to bank transfer to be paid by the client and the consultant
  • Prior approval from ABV will be required to process the transaction in local currencies

Invoices will be submitted online, on the consultant dashboard or must be sent by email to accounting@africabv.com, with the client name as the reference.  A request for payment will be submitted by the consultant via his/her dashboard.

The invoice must contain the following information:

  • Company Name / Your own name if a sole trader
  • Billing address
  • VAT Number if applicable
  • Company Bank Details including account number, sort code and currency of account / your bank details if a sole trader
  • If a non-UK or non-sterling denominated bank account, please provide the IBAN and SWIFT/BIC number
  • Project reference
  • Summary of time spent and amount requested in the relevant currency
  • Summary of expense amounts requested for reimbursement if applicable
  • Your contact details including email and phone number

Invoices to be addressed to:

Africabv LTD
Registration number 9160389
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England

How To Engage With Your Project Delivery Manager?

When upgrading to a Premium plan, a dedicated Project Delivery Manager will be assigned to you and will be in contact with you, by email, within 3 business days to set up a call or meeting. His/her main tasks will include:

  • To help you set up deliverables for your project
  • Facilitate engagement with your consultant
  • To ensure you have an excellent experience with Africa Business Venture

What will be the Main Points of Discussion with my Project Delivery Manager?

We know that exporting your products or services to a new territory may be daunting. When it comes to Africa, we know that success is dependent on the time spent on project preparation.

As such, your first meeting with your Project Delivery Manager will be set to review the following:

  • Africa Business Venture (ABV) platform and the functionalities of the platform
  • Your objectives in full detail with regards to your export projects in Africa

Following on from your first call, your Project Delivery Manager will send you a “Roadmap For Success” plan specifically tailored to suit your needs, with key steps to successfully implement your export project.

Your “Roadmap to Success” plan is instrumental to your success, especially if you do not have zero African experience or you are looking to venture into a new country in Africa.

Time to revolutionise the way we promote Africa

Sonia Galat is the CEO of Africa Business Venture. Through this blog, she is describing how her desire to learn more about her African culture led her to the creation of an online platform to support trade development in Africa.

I was born in Abidjan, Cote d’Ivoire but raised in France. As many executives people coming from the diaspora, I wanted to participate in the new Africa and believed that my two cultures will give me an edge.

I attended all kind of conferences, seminars, galas, conferences, workshops around the world… I wanted to learn everything and to know everyone involved in the promotion of the continent. I realised quickly after all those networking events that (i) I was not more knowledgeable; (ii) that Africa was more complex than I imagined and; (iii) that most of these meetings did not lead to anything but a nice exchange of business cards and general conversations about the state of Africa. Being a legal counsel, I wanted to learn how you make a business successful in Africa and why not more businesses were jumping on the opportunities offered on the continent.

Passionate traveller as I am, I bought a ticket to what I believe is the MECCA of international trade promotion: Singapore. Within two days, I was able to meet EVERYONE that matters and saw how Singapore was present both physically (in conferences and events) and online. The most extraordinary element was that Singapore is a product and is promoted as such. Clean and efficient communication.

With this knowledge, I travelled to Africa alone with just a backpack and a book note. I visited Kenya, Tanzania, Cote d’Ivoire and South Africa. In each location, I tested the information I received from local authorities, the welcoming and ease of starting a business in these countries. After this trip, I came back to London and did the same exercise but this time online contacting more than 20 countries; checking their websites and their information. My conclusion was that as Africans we could do better!

We are living in an era of fast communication and quick access to relevant and practical information. If some African countries are more advanced than others, the general feeling is that modern ways of communicating are underused. Getting access to conferences and trade shows is a big investment for many African countries. Representations of African countries in international tradeshows not specifically targeting Africa is very low and sometimes nonexistent.

With Africa Business Venture, I wanted to fill this gap: offering a platform for companies (i) to connect with one another; (ii) provide useful resources to make business happen and; (iii) extending invitations to African countries to use the full power of internet solutions to reach thousands of companies for the fraction of the cost of a tradeshow.

With economies at risk due to low price commodities, I am happy to see that this understanding is now shared by many countries. I believe that modernising the way investment agencies promote Africa is essential and that we still have a long way to go.