The role of country governments in championing apprenticeship and handholding models

A matter of significant concern is the capacity of various African country governments to mainstream the apprenticeship and handholding models for prosperity creation effectively. The Igbo apprenticeship system has a compelling reputation for the compounded formation of employment and output at large-scale. Likewise, the handholding model of entrepreneurial growth orchestrates the sustained high...

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Powering entrepreneurial prosperity: The handholding model

The level of prosperity attained by any country is directly proportional to the size of entrepreneurial minds it houses. The extent to which entrepreneurial thinking feeds into the overall decision-making processes at the individual, corporate and government levels may be a factor differentiating countries, continents and regions in respect of the well-being they enjoy. An entrepreneurial...

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Awakening government entrepreneurship

The seeming absence of entrepreneurial consciousness among the governments of African countries considerably hinders their country’s prosperity. In Nigeria, for instance, only about four subnational governments are economically independent. The rest of the subnational governments depend on centrally distributed revenue allocations for survival. This inconvenient reality is avoidable in these...

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Market failure in Africa

Africa is a continent bubbling with untapped potentials. The abundance of these untapped resources – human, natural economic – also points to the profundity of the underlying inefficiency in resource allocation. From the traditional laws on land which perpetuates subsistence farming and frustrates commercial agriculture, to the absence of motorable roads that will enable the evacuation of...

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The government in the Prosperity Creation Ecosystem

Over human history, experiences have repeatedly shown that the market left alone cannot satisfactorily deliver as much prosperity relative to when propped by a government. That is particularly true when the government is both inclusive and effective. The Ibo ethnic group in south-east Nigeria was reputed not to have had a king or ruler before the arrival of the Europeans in Africa. They...

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Driving the performance of African businesses

In a GreenTec Capital Africa Foundation and WeeTracker Media report based on data between 2010 and 2018, the average failure rate of African start-ups is 54.20%. Ethiopia tops the league with a 75% failure rate. Behind Ethiopia are Rwanda, Ghana, Zimbabwe, the Democratic Republic of the Congo, Tanzania and Nigeria with failure rates of 75%, 74%, 67%, 67%, 62% and 61% respectively. South Africa...

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