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Showing posts from April, 2019

AFRICA DESERVES A TAILOR-MADE ECONOMIC PRINCIPLE: HENCE AFRICAPITALISM

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Africans have long engaged in capitalist economic transactions. But the type of capitalism introduced by colonialists has not always been aligned with the needs of Africans. It remains overly informed and driven by agendas set outside the continent. These agendas primarily see Africa as a market for exploitation and are obsessed by the profits that come from such exploitation. This is reflected in some of the excesses of the multinational firms operating in Africa. In the process, they foster a measure of corporate success and performance predicated on individualism and not on collective interests. The multinationals are often more concerned about their success, and not necessarily the success of the societies in which they operate. This is typical of most Anglo-Saxon multinationals because they come from a culture that promotes individual interests over group interests. There is a potential solution. It is Africapitalism. This is an economic philosophy that embodies the private sector’s…

TOP 5 BUSINESSES TO PUT YOUR MONEY IN AFRICA

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Africa is a growing continent that has great potential and natural resources. Because there are many business opportunities in Africa, most entrepreneurs are now venturing in the continent. They take this opportunity not only to gain money but also to improve the lives of the people in that region. To be a successful entrepreneur in Africa, you have to look beyond the resources the continent offers, the Gold, Diamond, Copper, Oil, Timber and many other resources. The term “millionaire” is taking on a new meaning in Africa. It’s no longer just about the size of your bank account; any shady politician, corrupt bureaucrat, or unscrupulous businessman on the continent can easily claim to be a millionaire. But Africa’s new and emerging generation of millionaires are not just excited about money. They’re also passionate about impact; they want to create value that touches and improves people’s lives. It’s called impact entrepreneurship. It’s the new way of making money and doing good, at the sam…