Despite various challenges that Africa is facing, it is still home to seven of the ten fastest growing economies in the world. Therefore, it continues to be one of the most desirable investment destinations. So, if you are eager and ready to seize business opportunities on the continent, here is what you should know.
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
Women have historically received a smaller share of total small business loans as compared to men. According to a recent study conducted by Fundera, an online small business aggregator, there is a consistent and systemic disparity between how men and women finance their small businesses. Basically, women entrepreneurs receive fewer and smaller loans
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.
According to McKinsey Global Institute, advancing women’s equality can add $12 trillion to the global growth by 2025. McKinsey Global Institute (MGI) further reveals that there is lower representation of women in paid work in contrast to their higher representation in unpaid work. At least 75% of the world’s total unpaid care is undertaken by
In sub-Saharan Africa, just 15% of landowners are women and they receive less than 10% of credit, 7% of extension services, and have less access to technologies compared to their male counterpart. Yet women farmers are just as efficient as men and would achieve the same yields if not higher if they had equal resources,
Can Africa prosper without a successful manufacturing sector? Personally, I believe manufacturing is one of the mechanisms for driving innovation in Africa. The manufacturing sector is vital for Africa’s economic growth as it spurs development, creates employment, and is a symbol of trade power. If you think about it, the ability to manufacture goods gives
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