IN THIS NEW AGE WHERE DISRUPTION HAS TAKEN CENTER STAGE, IF YOU HAVE TO WIN YOU OUGHT TO BE UNDENIABLY INNOVATIVE AS AFRICA’S BURGEONING ENTREPRENEURSHIP GENERATION (A.B.E.G) IS RELENTLESS.
Regardless of the type of business you are into, you ought to read this article to the very last word, especially the So What section. It will point you in the right direction.
The 2018 Global Entrepreneurship Index (GEI) published by the Global Entrepreneurship and Development Institute (GEDI), put together the African ranking of entrepreneurship and this report saw Tunisia lead the park with a score. Botswana came second best with a 35 percent score; South Africa came next, as they clench third place with 33 percent; and Namibia ranks fourth with 31 percent. Runners up include Morocco with 29 percent; Egypt, 26 percent; Gabon, 25 percent; Algeria, 24 percent; Swaziland, 24 percent; Rwanda, 21 percent; Ghana, 21 percent; Nigeria, 20 percent; and Zambia with 20 percent. According to the report, Chad, Mauritania and Burundi are the worst countries for entrepreneurs in the world and in Africa.
This implies a great future for Africa as the increased number of entrepreneurs in impacting greatly on the middle class. As a result, that socio economic class is beginning to grow in Africa at an encouraging rate. According to Mckinsey, Africa now has the fastest-growing middle class in the world with a tremendous increase in consumer spending across the continent. It further highlighted that Africa will create 54 million new, stable wage-paying jobs by 2022, it will however not be enough to absorb the 122 million new entrants to the labour force over the same period. Which in my opinion is the reason many people are seeking other income generating ventures.
In addition, did you know that 22 percent of Africa’s working-age population are starting new businesses? This is the highest rate of any region in the world, according to the African Development Bank Group.
And so what?
So what if Africa’s burgeoning middle class shows tremendous growth potential for the continent? What if Africa is actually heading in the right direction? What if Africa one day leads the world in the number of entrepreneurs? What good will this do for you that is reading this article right now?
Well nothing essentially, the sole purpose of this article is to tell you to stop procrastinating and do that thing you wanted to do tomorrow today. As Africans all over the world are hungry for ideas, that idea you thought only you have will soon be executed by someone else. So get up and work.