A New Wave of African Entrepreneurs

By 2050, the African population is expected to more than double. About two-hundred million Africans are aged between 15 and 24, which makes the continent the youngest one on earth. An encouraging finding is that African entrepreneurs are emerging trying to change the prospect of trade in their countries.

Entrepreneurship initiatives

Entrepreneurship is flourishing in Africa, many incubators, and businesses are being established. While the continent resources were often used for the benefit of other countries, it’s high time for Africa to be self-sufficient. Young African people are taking part in this, they are involved in entrepreneurial activities. In Uganda, Zambia, and Nigeria they are either involved in a business or running one.

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African organizations are making attempts to encourage youth business across the continent. for instance, Business for Africa and the World are organizing conferences to gather African entrepreneurs. The “Africa 2017 Forum” intended to present a platform for heads of state, governments, and private sector and business leaders in Africa and the world to talk about Africa’s most important economic collaborators.

The reality TV show  Africa’s Young Entrepreneurs is also an engaging initiative that aims at showcasing entrepreneurship among African youth and developing the market-leading businesses and networks in the continent. It organizes conferences, workshops, and meetings to allow young entrepreneurs to discuss and debate the hottest topics in field service. As we all know that technology is having more and more of a preponderant role due to its impact on operational efficiency, this show will allow young African entrepreneurs to be updated with their market development. This TV reality show was named the largest entrepreneurship network on the global level in 2017.

Young women entrepreneurs involvement

The Sub Saharan Africa is not famously known for including women in the economic sector. However, it is now shifting its policy to set an inclusive work environment. In Uganda for instance, young women have an important role in increasing their country’s economy. They are actively involved in business even more than men.

It’s worth mentioning that young women work in businesses in which an important employment growth is taking place. However, young men are five times more likely to offer employment. The gender differential with respect to actual job creation is most noticeable in relation to high-growth businesses.

Uganda is not the only African country where women work hard to boost their country’s economy. With a rate of 41%, Nigeria, for example, surpassed the US and the UK in terms of the percentage of women entrepreneurs.

Yasmin Belo-Osagie, co-founder of the organization She Leads Africa, asserted that by saying “Sub-Saharan Africa has the highest rate of female entrepreneurship across the globe, with more women starting businesses in Africa than anywhere else in the world.”

African women entrepreneurs are leading micro-businesses in their countries. In Zambia, a USAID “WECREATE” a mentoring program provides an opportunity for 28 Zambian women to shape their businesses operations in farming.

Source: www.afrika-news.com

Photo Credit: Tony Elumelu Foundation