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.
TIMBUKTU, Mali — At an open-air desert market on the outskirts of Timbuktu, meat sellers are in a hurry: they have to kill their animals before they die. A meager rainy season, usually a time of relief, has brought drought and limited grazing land. Animals are dying and herders are further thinning out their flocks in preparation for harder times to come. Not even the hardy camels are spared.
WASHINGTON — If the BRICS are stumbling, what about “frontier markets” — the super-fast growing nations of Africa and Asia that post garish double-digit annual GDP growth. Surely, there must be opportunity there. Well, maybe.