Africa Needs New Generations of Entrepreneurs

11 Predictions of the Decade (though only 8 years left !)

The most enduring purpose of human existence is the sustainable domination of the factors of production to provide goods and services that are beneficial for society. Entrepreneurs harness these treasures to build industries and companies that produce goods and services for the benefit of humanity. What is good for society is also good for business. The spirit of entrepreneurship formed the foundations of the trade and politics of many African countries. Nigeria is a classic example of an African country founded in the spirit of trade and politics. It was formed from a slave and commodity territory owned by a British company and later sold to the British government and amalgamated into a political region that was granted independence in 1960. 

Raising a new generation of entrepreneurs in Africa is an essential step for the sustenance of future governments, industries and companies. Africa’s future is in the hands of young, energetic people, who are mobile, ready for change, adaptive and capable of playing an active role in business, the economy, and society. These groups of people are progressive, and innovative, and are eager to use the treasures in Africa to solve the significant trade and political issues facing the continent of Africa. The government aims to provide its citizenry with a joyful environment, and peace of mind on the foundation of great ideas, knowledge, vision, understanding, mission and wisdom. Therefore, understanding how to implement creative ideas through innovation, plays a significant role in the development of entrepreneurship in society.

Exposing African youths to entrepreneurship education through the learning of soft skills helps them develop the inherited traits that support the business economy. Entrepreneurship education orients theory and principles to practical applications of ideas. With this change of mindset, youths develop skills that prepare them for uncertainty when starting their business career path. Armed with skills like patience, endurance, diligence, resilience, goal-setting, adaptability, and creative thinking, the youths are no longer scared by the rapidly changing world system. Rather, it enables them also create jobs for other youths after starting their business ventures.

The educational process and system in most African countries need to be entirely revamped because it does not serve the purpose of good commerce. The current model of youth education does not encourage entrepreneurship, creativity and innovation, instead, there is an overabundance of theory and a lack of practice coupled with the use of outdated teaching materials. Introducing youths to entrepreneurship gives them time to practice and apply skills from other subjects in real-life projects. Besides early exposure to entrepreneurship improve academic performance and school attendance. It also helps to develop leadership and interpersonal problem-solving skills and improves decision-making abilities. So, learning entrepreneurship early is an excellent way for youths in Africa to gain skill sets that prepare them for good leadership and entrepreneurship in the future. When youth entrepreneurship is boasted through education, there is also a positive impact on economic growth, market and competition. Many young Africans have turned their ideas into high-revenue businesses that pay taxes, create new jobs and thus contribute to society’s well-being.

As young creative minds develop innovative solutions and affordable products and services, they add value to the lives of the surrounding people. Many young entrepreneurs engage in socially responsible businesses based on ideas such as recycling, clean energy, or product optimisation. Another way the emerging young African entrepreneurs have made a positive difference is by donating money, goods, time, or services to charitable causes.

A well-established youth entrepreneurship system in Africa would minimise barriers to entry into the business and help more creative minds implement their innovative ideas for good governance. Entrepreneurs shall play a crucial role in the rapidly changing African market, so carefully educating and raising youths, will continually provide prosperity in the continent.


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