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How African Entrepreneurs Address Continent Challenges: A New Book

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I did some exercise on Google. I searched Africa and then African countries. The top of the 3.4 billion results in the first search and 272 million in the second search were about the Omicron variant of SARS-CoV-2 and its ban in African countries. Next, talk about war and conflict, and some sports.

For a long time, the dominant story about African Continent was one long story of darkness and fate. The epicenter of the world of poverty and illness, the dirt of the world’s conscience. A continent desperately in need of help, and a continent where rich and powerful nations must urgently reach for mercy.

But Africans are not throwing a party of sympathy. Of course, challenges and difficulties remain, but they are not unique to African countries. A new generation of African entrepreneurs are taking on the challenge. They set a new tone for how the continent interacts with the rest of the world.

Apart from the aid model that induces dependence, African entrepreneurs are showing new avenues for inclusive growth on the continent. The new African Entrepreneurship Handbook brings together 46 scholars to explore issues ranging from institutions and ecosystems to technology entrepreneurship, conflict zone entrepreneurship, gender and diversity issues. did.

This book is a reference for researchers and practitioners interested in international business, entrepreneurship, and emerging economies. It is also a resource for students, course coordinators, and program leaders who promote entrepreneurship and business management modules. It aims to guide policy makers in Africa and beyond. This book provides insights on how African entrepreneurs are navigating the often turbulent institutional environment and volatile markets. It also highlights the innovative networking and resource strategies used by business owners.

Difficult environment for business

This handbook provides a multi-layered view of the often simplified but highly complex multi-layered world of African entrepreneurship. It unravels problems and perspectives, culture and context, and the characteristics and future of African entrepreneurship. Contributions are based on empirical fieldwork and practitioner reflection.

The African Entrepreneurship Palgrave Handbook features country-level cases and insights from West Africa, East Africa, Southern Africa and North Africa. We are focusing on key new themes such as technology entrepreneurship, gender and diversity issues, and entrepreneurship in conflict zones.

African entrepreneurship shares similar characteristics to other types of entrepreneurship. Perhaps one definition element is a non-exclusive, but enhanced sense of community.

This partially explains why African technology entrepreneurship is particularly exciting. Technology-savvy, usually young entrepreneurial hubs spring up all over the continent. They thrive on the ideal of knowledge sharing and co-creation. As reported in another study, these technology hubs have expanded rapidly to the African Continent over the last decade. In 2015, the World Bank reported the existence of 117 in Africa. By October 2019, this number had increased to 643. This represents 450% growth.

These hubs have been very successful in creating new jobs, stimulating the entrepreneurial ecosystem and improving quality of life through technology. They are also challenging traditional universities as a place for knowledge production. This was achieved by adopting a flat structure where hub members exercise creative autonomy. They also took an interdisciplinary approach to bring together academia, industry and government to find solutions to social problems.

African tech entrepreneurs have often achieved this in very difficult institutional conditions and turbulent business environments. They need to address, among other things, the higher risks that arise from abandoned and inadequate infrastructure and weak and inadequately enforced laws. There is also the challenge of limited economic integration between African countries, but these are currently prioritized by regional groups. One important issue that has received limited attention but is of great importance is the hostile protection tradeist measures imposed by the Western Government. They are often in areas where products and African countries are competitive.

One chapter of our handbook explores how African tech entrepreneurs survive the valley of death of this saying. Another contribution wonders how much progress can be made if African countries provide more open and universal access to their people for enterprises and innovation across the continent. This is a particularly timely and relevant consideration in light of the African government’s often hostile attitude towards technology entrepreneurship.

For example, in June 2021, the Nigerian government banned Twitter indefinitely, struggling for many businesses to survive in Africa’s most populous country. According to one source, 20% of the 39.6 million Nigerians use Twitter to promote their business.

Read more: Twitter ban harms Nigeria as a technology investment destination

Throughout the continent, entrepreneurs are moving forward in conflict zones, camps for displaced people, and refugee settlements. This handbook highlights an example of a resilient and innovative entrepreneurial spirit from places where nearly 2.4 million people have been evacuated by the Boko Haram rebellion, such as northeastern Nigeria. Libya is upset by the impact of the ongoing civil war. And in Kenya, refugee entrepreneurs are using social networks to overcome the constraints of camp policies that limit their movements and economic opportunities.

These are not just the rosy stories of great success and victory. Many of these businesses are failing or struggling to grow. The majority of African entrepreneurs are still informal micro enterprises. But the true picture of the continent is not helpless. African entrepreneurs have all the challenges and challenges and are doing it well.

Is the world ready?

If they are really ready to do business with Africa, rich and powerful nations need to abandon paternity, which has defined and promoted interactions with African nations for decades. The model that provokes this dependency is damaging and does not serve the purpose. Developed countries need to pay more attention to issues such as free trade policies and the elimination of tariffs and other non-tariff barriers on African products and companies. It is not enough for developed countries to pay lip services to the ideal of free trade and actually do the opposite.

African entrepreneurs are ready and can hold themselves on the international stage. Give them a chance.

Sources

1/ https://Google.com/

2/ https://theconversation.com/how-africas-entrepreneurs-are-handling-the-continents-challenges-new-book-174541

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