Tag Archives: entrepreneurship
entrepreneurship: Latest News
Peter Pedroncelli, 5:22 am AFKI Original
Starting a company is never simple, but in some places it is far easier to start a business than it is in others. Africa is no different, and due to a number of factors such as regulation, requirements and government incentives, establishing a business in one part of the continent is not comparable to another. The World Bank recently ranked economies using various factors, and one of those was the ease of starting a business. Here are 12 sub-Saharan African countries where it is easiest to start a tech business.
Peter Pedroncelli, 5:36 am AFKI Original
African entrepreneurs continue to be the a positive influence on economies and communities across the continent, as they strive to make their businesses work and solve problems experienced by fellow Africans. Successful entrepreneurs have a great deal of wisdom to share with others, and often employ revolutionary tactics or a specific mindset in order to bring their ideas to life. Here are 12 revolutionary tactics and mindsets employed by African entrepreneurs in their own words.
Peter Pedroncelli, 8:23 am AFKI Original
Entrepreneurship is an important part of African economies, as an increasing number of individuals become business owners in an effort to provide for their families and create jobs for others. But starting and sustaining a business is not an easy task, and those African entrepreneurs who make it work build up knowledge and experience that can help others to tread the same path successfully. We gathered 8 pieces of valuable advice from entrepreneurs throughout Africa.
Kevin Mwanza, 1:25 am
“We’re the biggest shoe-shine company in Africa,” Lere Mgayiya, 40 year-old founder and owner of Lere’s Shoe Shine that operates in major South African airports, says without sounding arrogant. Lere’s firm shines nearly 600 pair of shoes across three airports in the Johannesburg, Cape Town and Durban and employs 45 people. And he estimates the business rakes in between $142,600 and $178,000 a year.
Dana Sanchez, 3:45 pm
U.S. President Barack Obama landed in Nairobi at 8 p.m. local time, and he ran down the stairs of Air Force One to meet his half sister. Kenya is in the grip of Obama-mania. People gathered on footbridges near the airport to try catch a glimpse of him. Parts of the country are in lock down.“To some Kenyans, it’s everything. People are glued to TV screens to see him arrive at the airport,” said the actor who is playing Obama in a performance being staged in Kenya.
Dana Sanchez, 4:48 pm
U.S. residents Rick and Wendy Walleigh quit high-tech jobs, took their work experience from Silicon Valley to Swaziland, then wrote a book about it. They joined TechnoServe, a Washington, D.C.-based company that promotes business solutions to poverty. Wendy used her marketing skills and involvement in the U.S. youth organization, Junior Achievement, to launch a similar program there.
Anna B. Wroblewska, 4:25 am AFKI Original
With so many businesses in Africa headed by women, it is only natural that this enterprising spirit would pervade the ranks of the investment world as well. The future of African business and private equity, then, should be increasingly female. There is, of course, progress to be made, but the consensus is that African women are poised for the challenge.
Anna B. Wroblewska, 4:55 am AFKI Original
Private equity financing is not easy to come by, even in a market as hot as Africa. The competition for funding is fierce, and the way the numbers play out is part of the bottom line. Financing women-led businesses in Africa thus presents a challenge. While African female entrepreneurs are as avid as any other entrepreneurs on the continent, their businesses tend to stay small.
Staff, 2:00 pm
Based on applicants for the Tony Elumelu Entrepreneurship Programme, most aspiring entrepreneurs are interested in exploring agriculture, VenturesAfrica reports. This is a far cry from how young entrepreneurs saw the agriculture sector in Africa five years ago, said former Tony Elumelu Foundation CEO Wiebe Boer. Before, agriculture was associated with poverty. Young people certainly didn’t want anything to do with it. Now they’re seeing it has the potential to transform Africa in terms of job creation and food security.
Anna B. Wroblewska, 6:21 am AFKI Original
The disparity between boys and girls in Africa is partly due to the immense impact of rural students. By comparison, the urban poor are in school for over six years. Rural girls, however, get only three years of education, on average. While there are a slew of possible reasons for girls’ lack of access to opportunity, one worth considering is the opportunity cost. If education brings little else but personal development, it’s easy to see why few families make it a priority. But what if it offered a direct connection to economic opportunity — to jobs or entrepreneurship?
- Real Estate