Entrepreneurial success beyond the State

In as much as the State ideally plays a significant role in the survival and growth of industries, the emergence and entrepreneurial success of groups that are into relatively homogenous economic activities without much of the support of government is possible. Factually, the government only plays a post-industry-take-off role involving the creation of level playing ground for entrepreneurial...

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Africa’s brand of entrepreneurship

Entrepreneurs do the same thing everywhere regardless of whether they are in Africa, in Europe or the United States. Their business is to make as much profit as is possible by optimizing other factors of production and their attendant risks. But these approaches to production organization and attitude to risk seem to underlie the differences in the brand of entrepreneurship in different contexts...

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Towards Africa’s inclusive prosperity creation ecosystem

Progressive governments want every segment of their society to share in generated prosperity. They strive to increase the number of citizens migrating from a lower to a higher level of well-being. The faster the pace of these upward migrations, the better it is for society and economy. Unfortunately, that is not the case for the African continent. There are significant economic disparities among...

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The role of the African Union in championing the apprenticeship model

The urgency for mainstreaming the apprenticeship system within the continent is evident. That also underscores its substantial adoption by some countries. Low levels of school enrollment, coupled with elevated levels of graduate unemployment, have made it imperative for some West African countries like Senegal and Ghana to rely on the scheme to narrow the gaps. According to the 2008 Africa...

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Apprenticeship models in selected African countries

Although the ‘igba-boi’ traditional apprenticeship system of the Igbo ethnic group in Nigeria appears to be the most efficient globally, other African countries equally have productive systems of apprenticeship that are worth appreciating. While virtually every culture seemingly has a unique apprenticeship system for transferring skills and aptitudes, we shall limit this discussion to only a...

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African culture supports prosperity creation rather than poverty alleviation

Africa has always been a prosperous continent. Apart from its natural resource endowments, it had a long-standing heritage of entrepreneurial prosperity until its weakening through slave trade and colonialism. The continent had several civilizations such as ancient Egypt, the Mali Empire, the ancient Carthage, the central African kingdoms, the kingdom of Ghana and the Songhai Empire. These...

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