BY RUTH TEMBE EPIE-In Commemoration of Global Entrepreneurship Week In November 2019, 10 million people in over 170 countries around the world are celebrating the 12th edition of Global Entrepreneurship Week (GEW) through 35,000 different events. The future of Africa is you. Before the reticent wave of entrepreneurship blew across the globe, we had some seasoned and savvy businessmen and women who worked relentlessly to create jobs, feed and ameliorate the living conditions of a few! An opening of borders, therefore, encourages such large scale financing. Search US These global powers have become major investors in many of Africa’s promising sectors. In an African context, we want to have a look at government systems, business regulations, and tax systems because, in some African countries, tax rates are still very exorbitant, making it difficult for businesses to thrive. This is the future of entrepreneurship in Africa. In the current economic climate, more than ever before, the world and Africa most especially needs new sources of employment and wealth creation. Email for Us:
R175. We learned how to brand one’s self for success in business and so forth. Back in their days, many didn’t know how feasible running one’s own company was until entrepreneurship came to light. Africa’s youth need to be exposed to and encouraged to consider entrepreneurship from a very young age so that they can take the steps needed to prepare for future socio-economic scenarios. In fact, Women are an economic resource that economies, rich or poor alike can not afford to overlook and it is well known that women are better managers. Think oil and gas, telecommunications, infrastructure, health and education and even entertainment, arts, and culture. An opening of borders, therefore, encourages such large scale financing. View Courses. Why University Students Must Consider Entrepreneurship as the First Choice. And it has reached the point where this potential is flaunted on global platforms, causing a flock-in of global powers like China, Japan, Lebanon, Brazil, and America into African markets. This is the future we look forward to. ICT-mediated entrepreneurship may, after all, be on the verge of giving Africa a much brighter future, touching millions in the process. Looking at all of this one will confidently say that by 2050 we will be headed to renown and economically and socially sound continent. Present Reality. Johannesburg. I would rightly say it is bright. Heads of states seem to be working relentlessly to harness and promote entrepreneurship. This might seem exaggerated but in Africa, entrepreneurship, despite being risky and uncertain, has proven to add value to people’s lives. With an international network of over 30,000 partners, events during GEW designed to stimulate, inspire and encourage entrepreneurial activities through different stakeholder groups. I help companies & individuals make profits & lead in their industries. Africa's female entrepreneurship rate is also the highest in the world; 27 percent of the female adult population is engaged in early-stage entrepreneurial activity. And so today, with the right mindset and the ardent desire to create change including the will to take risks to succeed, anyone can be an entrepreneur. It is When the likes of Mark Zuckerberg (Founder of Facebook), Sergey Brin (Co-Founder of Google) amongst others began reaping thousands and now billions of dollars from an idea that was seen as common, that it seemed as though eyes that were closed to opportunities around the world opened. The creation of a single market could improve the availability of long-term financing in Africa and so an equity shares for stakeholders who are active builders of the ecosystem. Since its inception in late 2018, the Scenarios for Young African Entrepreneurs project has theorised about what the future might hold for very young (15 to 25-year-old) entrepreneurs in Africa. I choose to look at the future of entrepreneurship in Africa, its impact in Africa, and what better way forward. In Africa in particular, Entrepreneurship is saving lives! Some of the start-ups in their portfolio include; Lori Systems, Andela, Flutterwave, Eden, MAX, and Kobo360. In Africa’s case, names like Aliko Dangote, Strive Masiyiwa, Tony Elemelu, Patrice Motsepe. Involving them at various levels of the decision-making chain will benefit the ecosystem immensely. We learned how to add value to people’s lives by selling to them what they need. Female Entrepreneurs: the Future of the African Continent Diariétou Gaye, World Bank Director of Strategy and Operations for the Africa Region Le Monde Africa is the only region in the world where more women than men choose to become entrepreneurs, a phenomenon that is not the subject of adequate discussion. A few observations and anecdotes that stand out from these results. According to the African Development Bank, 22 percent of Africa's working-age population are starting businesses.This is the highest entrepreneurship rate in the world. In addition, there is no wailing about poverty, unemployment or delinquency since everyone is busy looking for solutions and creating products and offering services that are transforming lives for the better. In November 2019, 10 million people in over 170 countries around the world are celebrating the 12th edition of the Global Entrepreneurship Week (GEW) through 35,000 different events. Women Entrepreneurs in the Global Economy increase steadily. Africa’s youth need to be exposed to and encouraged to consider entrepreneurship from a very young age so that they can take the steps needed to prepare for future socio-economic scenarios. Hence, the birth of the U.S–Africa Business Summit, Russia–Africa Business Summit, an Asian-African Business Summit, a France-Afrique Meeting, etc. The Review was born out of the shared desire of my colleagues and I to ensure the narrative of Africa’s innovation and entrepreneurship is included in the global startup ecosystem. Entrepreneurship in Africa is a study of those entrepreneurs who have achieved success, wealth, and fame by organizing and directing a business undertaking in Africa. To take a detailed look at the future, the event had panels with founders and investors from all parts of the ecosystem. ... Our purpose is to unlock Africans’ unique gifts to solve the problem of Africa by equipping young entrepreneurs with the skills to create, build, fund, and scale their businesses through contents, short courses, coaching, capital, events, and community. through 35,000 different events. Studies show that unlike Men, Women return 90% of their income into families and their communities! Harvard University, October 1-2, 2020. These events aim to promote originality, creativity, and ingenuity through local and global activities. These events aim to promote originality, creativity, and ingenuity through local and global activities. Also, market accessibility still remains a factor to remedy given that most manufacturers do not have distribution channels to let the product reach the consumer. One cannot undermine the significant role women play in. Buea to Celebrate the Global Entrepreneurship Week. And so today, with the right mindset and the ardent desire to create change including the will to take risks to succeed. The funds will finally allow African governments to relax regulations, shorten processing times, train teachers to name just a few. In addition, if one considers a population index of 1.5 billion with 55% of women and 45% of the menfolk and a total of approximately 62% consisting of young people, investing in Africa would not be such a bad idea. An age where the entire world has realized Africa’s high growth and profit potential. so as to facilitate transportation and logistics for African businesspeople. An age where the entire world has realised Africa’s high growth and profitable potential to the point where this potential is flaunted on global platforms causing a flock-in of global powers like China, Japan, Lebanon, Brazil and America into African markets – hence the birth of the U.S – Africa Business Summit, Russia – Africa Business Summit, an Asian-African Business Summit, a France-Afrique Meeting etc. In November 2019, 10 million people in over 170 countries around the world are celebrating the, 12th edition of the Global Entrepreneurship Week (GEW). Today, entrepreneurship is seen as one of the most sustainable job generation tools in Africa. Plus, it is well-known that women are better managers. The spirit of intrapreneurship is being nurtured, paving the way for more leaders in our society. This mindset, however, conflates entrepreneurship with innovation, where the distinction is critical—not all entrepreneurs are innovators, and not all innovators are entrepreneurs. The AfDB’s annual meeting prioritizes young Africans in its strategies and projects empowering young people for entrepreneurship empowering young people for entrepreneurship. The fact that an individual finds or discovers a solution and starts solving particular problems, in the society makes him or her somehow a hero or an agent of change! Moreover, with a world population of 7.7 billion as of November 2019 and an African population of more than 1 billion, what excuse would one give for not being able to offer a skill or expertise, a talent or service or product in exchange for cash? I would rightly say it is bright. The old construct of acceleration of consumerism where foreign brands merely open sales offices in Africa without design or research centers will be challenged by African entrepreneurs. Roselyn Vusia, a human rights advocate, points out … Ideas are flowing and enterprising Africans are bringing them to life.