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Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa
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Fostering Economic Growth Prosperity and Entrepreneurship Development in Africa

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Fostering entrepreneurship as a mechanism for economic growth, jobs creation and promoting development across Africa is critical. However growth can not be achieved through entrepreneurship alone, …

Fostering entrepreneurship as a mechanism for economic growth, jobs creation and promoting development across Africa is critical. However growth can not be achieved through entrepreneurship alone, need to be coupled with other factors such as capital, business development services, pro business regulatory regimes, good governance etc.

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  • 1. FOSTERING ECONOMIC GROWTH PROSPERITY & ENTREPRENEURSHIP DEVELOPMENT IN AFRICA Africa Economic & Entrepreneurship Development Conference 10 March 2012, SOAS, London Eugene Nizeyimana Sub-Saharan Consulting Group (SSCG) ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com
  • 2. Issues ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com • Evaluate Africa progress: 10 yrs. ago and today • How can we foster sustainable and inclusive growth • African market characteristics and opportunities • Key drivers for growth • Driving growth through entrepreneurship • Fostering entrepreneurship development in Africa
  • 3. Understanding Africa: 10 yrs. ago and Today ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com 10 Yrs. Ago Poverty Risks Terrorism Diseases War and civil conflict Corruption Hunger Unemployment Skill shortage Inadequate infrastructure Today Investment Innovation Opportunities Trade Resources Talent Entrepreneurship Growth JVs, M&A, Collaboration
  • 4. Fostering Sustainable and Inclusive Growth ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com
  • 5. Africa Economy at a Glance: Market Characteristics and Opportunities ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com • A continent of both vast opportunities and significant risks • Business opportunities - Infrastructure, Technologies, Media and Telecoms (TMT), Agri- businesses, creative economy, financial sector, Service sector • High international commodity prices – Returns on investment • Shift in global economy - Growing appetite for African investment • Progressive discovery of resources – Energy, Oil and Gas resources • Underserved market – Emerging consumers/middle class • Sustainable economic growth – 6% average GDP growth • Disruptive technologies and innovation – Mobile banking and money • Labour market - Increase in talent and skills • Increase inward investment flow – FDIs and Diaspora remittances • Market /industry competitiveness • Spending capabilities – Increase in income
  • 6. Fostering Sustainable and Inclusive Growth ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com • Sustainable development can only be achieved through enhanced economic growth • Boosting of all forms of entrepreneurship across all sectors of society • Strengthen human capital and labour force • Enhanced education and training on entrepreneurship • Harnessing innovation and technologies • Fostering market competition • Strengthening industry value chains and linkages • Creation and development of entrepreneurship within social ventures, organisations and public services. • Access to finance and capital is essential to foster growth, but it must be accompanied by the relevant support and mentoring services • Improved regulatory framework and governance are required • Creating conducive environment for business and investment is critical – Infrastructure, security, tax regimes, transport networks
  • 7. Stimulating Africa’s Economic Growth and Prosperity: Key drivers for growth ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com • Security • Conducive business climate and market • Good governance: leadership, corruption and accountability • Financial sector deepening: access to capital • Skills and talent • Infrastructure • Innovation, IT and technologies • Market competition • Intra regional trade • Economic and industry diversification • Regulatory and compliance • Inclusive businesses
  • 8. Driving Growth through Entrepreneurship ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com
  • 9. ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com Fostering entrepreneurship as a mechanism for economic growth, jobs creation and promoting development across Africa is critical
  • 10. ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com
  • 11. Fostering Entrepreneurship Development in Africa ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com Corporate and managerial entrepreneurship Culture & Spirit Women and youth Education Creativity and innovation Social entrepreneurship Competition Network Business Development Services (BDD) and mentoring Technology, insights and data
  • 12. Key take away ________________________________________________________________________________________________________________________ @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com • Develop a conducive business climate and market to attract investment and foster market growth: security, infrastructure and transport networks • Harness good governance: thought leadership and accountability • Foster financial sector deepening, access to finance and financial innovation products and services. • Empower entrepreneurs: Mentoring, skills, talent, data and start-up capital • Driving value: investors, consumers and employees • Foster innovation driven businesses: IT and technologies • Intra regional trade: linkages and competitiveness • Economic and industry diversification • Inclusive and social responsible businesses • Deliver market beating and innovative business solutions
  • 13. Contact Us ________________________________________________________________________________________________________________________ For further information or to discuss your organisation tailored needs, contact our advisory team at: E: Info@s-scg.com W: www.s-scg.com @2012 SSCG Copyright The information contained herein is of a general nature and subject to change. Applicability of the information to specific situations should be determined through consultation with our advisers. For more information visit www.s-scg.com or contact us at info@s-scg.com Stay Connected @SSCGCorporation @SSCGSMEForum Facebook/sscg Linkedin/sscg

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