The continent's entrepreneurs are helping Africa to capitalize on its vast natural resources and make its economies the world's fastest growing and most dynamic. From high finance, to sewing cooperatives and small-scale food processors, here's a look into how Africa's businesspeople are making new products and creating jobs and how they can be helped.
Continent's businesspeople need some basics in order to start 'doing it for themselves.'
BOSTON — It would be great to say that Africa’s entrepreneurs are ‘doing it for themselves.’ But that’s not exactly the case. Work needs to be done to create environments where emerging businesspeople can thrive.
At first it seemed like some kind of joke. Twenty-three-year-old Jennifer Grout from Cambridge, Mass. walked on stage in Lebanon, toting her oud, an Arab instrument similar to a lute, and ready to audition for Arabs' Got Talent. Ahmed Helmi, an Egyptian actor and one of the judges, asks her a question in Arabic to which she responds with a blank stare and, "Sorry?"
JERUSALEM — The European Union recently affirmed that there is no international legal problem in signing a deal with an occupying power that extends to the territory it occupies, or from foreign companies doing business in occupied territory. It did so when it provisionally approved a fisheries agreement earlier this month with Morocco that extends into the territory of occupied Western Sahara, which is beyond Morocco’s recognized sovereign territory. Moreover, EU actually pays Morocco for European access to Western Saharan resources. On all these points, the agreement directly contradicts what the EU, in negotiations with Israel, calls fundamental principles of international law. In recent years, Europe has contested Israel’s insistence that its EU agreements do not apply to Israel’s activities on the West Bank. The EU stance has been celebrated by some as an example of European commitment to international law. The EU’s new deal with Morocco is seen as contradicting those principles.