fostering economic growth prosperity and entrepreneurship development in africa

FOSTERING ECONOMIC GROWTH PROSPERITY & ENTREPRENEURSHIP DEVELOPMENT IN AFRICA

Africa Economic & Entrepreneurship Development Conference10 March 2012, SOAS, London

Eugene NizeyimanaSub-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 [email protected]

http://www.s-scg.com/

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Issues


• 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



Understanding Africa: 10 yrs. ago and Today


10 Yrs. Ago

Poverty

Risks

Terrorism

Diseases

War and civil conflict

Corruption

Hunger

Unemployment

Skill shortage

Inadequate infrastructure

TodayInvestment

Innovation

Opportunities

Trade

Resources

Talent

Entrepreneurship

Growth

JVs, M&A, Collaboration



Fostering Sustainable and Inclusive Growth




Africa Economy at a Glance: Market Characteristics and Opportunities


• 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



Fostering Sustainable and Inclusive Growth


• 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



Stimulating Africa’s Economic Growth and Prosperity: Key drivers for growth


• 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



Driving Growth through Entrepreneurship





Fostering entrepreneurship as a mechanism for economic growth, jobs creation and promoting development across Africa is critical



Fostering Entrepreneurship Development in Africa


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



Key take away


• 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



Contact Us

________________________________________________________________________________________________________________________

For further information or to discuss your organisation tailored needs, contact our advisory team at:

E: [email protected]: 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 [email protected]

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