Economists project that by 2060, Africa’s middle class population, which is currently about 300 million people, will triple to about 1 billion people. This will without a doubt present a lucrative market for products and services that all companies, including multinationals, are eager to access. In his book, The Fortune at the Bottom of the
Your first thought may be: “Why would I ever turn down a project as a small business?” Well, there are various reasons entrepreneurs may want to consider declining projects from clients; one of them being insufficient compensation. Lionesses, where do you draw the line between balancing the short term pressure of making money and letting
Research conducted by the African Development Bank shows an increase ranging from 10 – 30% in the number of women-led enterprises over the last decade. In Uganda alone, women account for 40% of all businesses. So, female entrepreneurs have a significant role to play in Africa’s economic and innovative transformation. For the most
Over the years Uganda has been recognized as one of the food baskets of East Africa due to its fertile soil and adequate rain; but now the country faces the biggest food shortage crisis in its history. Bad land tenure systems, drought and outdated agricultural tools are some of the factors contributing to this crisis.
Microfinance Institutions are growing in importance in Africa as a source of start-up capital for many entrepreneurs. Furthermore, innovative business models pioneered in East Africa are now spreading across the continent in an attempt to advance traditional microfinance methods; since formal financial markets remain out of reach for many women operating micro and small enterprises.
We’ve heard over and over that entrepreneurship is a key factor to improving growth in developing countries, yet there is slow progress being made in removing stumbling blocks that impede the success and growth of SMEs. So, are there really merits to the claim that small and medium enterprises are engines of economic growth? Well,
According to a survey conducted by business research association The Conference Board in 2012, more than half of US workers were estimated to be unhappy in their jobs; this was reported as an all – time low. In 2013, research by Gallup also showed 87% of the world’s workers are either not engaged in their
With South Africa currently experiencing tough economic conditions, high inflation and a difficult monetary policy environment, is it really a good time to start a business? Although the economy is expected to recover and hopefully grow in 2017, times are extremely hard. Corporations are shedding jobs, negotiating lower rates on contracts and spending less due
Google cofounders Sergey Brin and Larry Page approached Yahoo and suggested a merger back in 1998 but were told to keep working on their little school project and come back when they had grown up. We’ve heard countless success stories of entrepreneurs who had courage to ask for what they wanted; not just once but
Entrepreneurs often get caught up with other aspects of the business and, as a result, neglect the importance of building and maintaining business relationships. Remember, this era is about relationships – without strong relationships it is virtually impossible to have real business success. While social media platforms are useful for social networking, face-to-face is still