Midcom Group Founder discusses the advantages how Dubai an ideal hub for Pan-African business
A businessman in Dubai and the Founder of Midcom Group, Anand Kapoor said that Dubai is the ideal place for businesses that are involved with many African countries due to Dubai’s leading transport hub and its commitment to African relations. He also discusses that the GCC countries in the UAE has worked extremely hard in order to establish its ties with African nations and that there is a lot of interactions between the two continents which is eventually resulting into the integration of the two.
Kapoor opened his company the Midcom Group in Uganda but decided to move his headquarters 12 years ago to Dubai in order to take advantage of the relationship and connections the country has built with several countries in Africa. Midcom has interests in various sectors in the West and East African countries, some of these sectors include telecoms, food processing, education and electronics among others which gives Midcom an annual turnover of $1.5 billion.
Kapoor now works actively with the Chamber of Commerce of Dubai due to his relations with African countries in order to promote the country’s geographical advantage and state-of-the-art infrastructure which can help bring success to both continents. He has noticed that they has been a significant change in Africa over the past 20 years and that African countries are trying to place policies that will support their goals to focus on long-term growth. He also anticipates that Dubai will play a pivotal role in helping the African continent to reach its goals.
Despite the many advantages, Midcom has faced some issues in Africa one of them is not being able to recruit the right people with the skill set that is required for the job. At the moment, Kapoor is trying to invest in training in Nigeria where he has a manufacturing facility in partnership with Samsung and he wants to his factory head to be a local Nigerian. Training will help build a workforce that will have the skill set that the country currently is lacking in for his company to thrive.
Anand Kapoor is also begun an initiation scheme that will encourage students to think like entrepreneurs and help build the practical skills his business needs. The students will be given $10,000 and will be grouped into teams of four to five people where they will be expected to use their academic skills to come up with business ideas.