Business incubation needs a re-think

By Allon Raiz, Chief Executive Officer, Raizcorp


Explore this topic further with the upcoming launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
Stay tuned for details


Ellon-RaizA little more than 12 years ago I read an article about 981 “entrepreneurs” who had been through a brief new venture creation programme. According to the journalist’s investigation, not one of these would-be entrepreneurs who had been in that programme was in existence a year later. The journalist lamented that despite the obvious evidence that these high volume, low quality programmes were ineffectual, they were nevertheless prolific, wasting hundreds of millions of dollars every year.

Twelve years ago, incubation as a way to promote entrepreneurship was only beginning to appear in any significant manner in the developing world. Unfortunately, in my opinion, the incubation industry inherited a few philosophical approaches from the training industry that have plagued the industry ever since.
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Little changes for women entrepreneurs in Africa unless mindsets and policies change

By Mike Herrington, Executive Director, GEM Global


Explore this topic further with the upcoming launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
Stay tuned for details.


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Women selling eggs in Kigali, Rwanda

In the last decade, most countries in Africa underwent radical transformation, increased their GDP per capita and moved towards globalisation. Just look at Botswana where GDP per capita increased from USD 7 136 in 2013 to USD 7 505 in 2014, or Cameroon that saw an increase from USD 1 271 to USD 1 405, or Nigeria that experienced a jump from USD 1 692 to USD 3298 during the same period.1 

 However, to move closer to achieving the Sustainable Development Goals by 2030, the continent needs to change the mindset of people and pursue policies to boost the development of small, medium and micro-sized enterprises (SMMEs) to help reduce poverty and unemployment, particularly in sub-Saharan Africa.
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Africa’s industrialisation: leaving no woman behind

By Li Yong, UNIDO Director General


Explore this topic further with the upcoming launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
Stay tuned for details.


women-work-industry-africaAfrica must industrialise to fulfill its economic potential. To achieve the Sustainable Development Goals (SDGs) as part of the 2030 Agenda, we need to support Africa in accelerating its development by promoting inclusive and sustainable industrialisation.

Inclusive industrialisation means ensuring that no one is left behind, especially not women. Including women is critical, not only because gender equality is a fundamental human right, but also because it enables faster economic growth, shared prosperity and sustainable development. The 2016 Global Gender Gap report1 shows a positive correlation between gender equality and gross domestic product, economic competitiveness and human development. The economic benefits to increasing female labor force participation are real. The OECD estimates that GDP would increase by 12% if participation rates for women were to reach those of men by 2030.2 

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The Informal Economy in African Cities: Key to Inclusive and Sustainable Urban Development

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By Martha Alter Chen, Harvard University and WIEGO Network


Learn more about this timely topic at the upcoming
Global Forum on Development on 5 April 2017


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Market porters in Accra, Ghana
Photo Credit: Jonathan Torgovnik/Getty Images Reportage

The informal economy consists of economic activities and units that are not registered with the state and workers who do not receive social protection through their work, both wage-employed and self-employed. The reality of the informal economy in Africa cannot be denied. In fact, informal employment accounts for two-thirds (66%) of non-agricultural employment in Sub-Saharan Africa. But, variation within the region is significant. Informal employment accounts for a smaller share of non-agricultural employment in southern Africa (33% in South Africa and 44% in Namibia) relative to countries in other sub-regions (82% in Mali and 76% in Tanzania) (Vanek et al 2014). Informal employment is a greater source of non-agricultural employment for women (74%) than for men (61%) in the region overall. In seven cities in West Africa with data, informal employment comprises between 76% (Niamey) and 83% (Lomé) of employment. In all seven cities, proportionally more women than men are in informal employment (Herrera et al 2012).
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Encouraging entrepreneurship in Africa is vital to achieving the Global Goals

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By Dr. Amy Jadesimi, CEO, LADOL



Learn more about this timely topic at the upcoming

Global Forum on Development on 5 April 2017
Register today to attend


Amy-JadesimiNext week, the OECD Global Forum on Development will convene in Paris to discuss the critical role the private sector must play in achieving the 17 Sustainable Development Goals (SDGs or Global Goals). Private sector funding, innovation, entrepreneurship and sustainable business models can rapidly reorient the global economy towards achieving prosperity through business models that align with the goals.

Here’s what we know: At least USD 12 trillion could be added to the global economy by 2030 if the private sector embraces sustainable business models in the1 four key development areas of energy and materials, health and well-being, food and agriculture, and cities. Embracing sustainable business models in other sectors will push this figure even higher. This level of private sector engagement could create 380 million new jobs, primarily in low income, high growth countries.
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The Global Goals’ Business Opportunity in Africa

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By Lord Mark Malloch-Brown, Chair, Business & Sustainable Development Commission, former UNDP Administrator and Ex-UN Deputy Secretary-General, and UK Minister of State for Africa, Asia and the United Nations


Learn more about this timely topic at the upcoming
Global Forum on Development on 5 April 2017.
Register today to attend!


Lord-Mark-Malloch-BrownA critical transition from a heavy reliance on international public development finance to locally generated private sector solutions to development problems is underway. Earlier this year, the Business & Sustainable Development Commission launched its flagship report, Better Business, Better World, which makes the case for why the Sustainable Development Goals (SDGs) offer the private sector a growth strategy that opens new market value and helps solve significant social and environmental challenges at the same time. The Commission shows how sustainable business models could unlock economic opportunities across 60 “hot spots” worth up to USD 12 trillion and increase employment by up to 380 million jobs by 2030. In Africa alone, sustainable business models could open up an economic prize of at least USD 1.1 trillion and create over 85 million new jobs by 2030.
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Girls robbed of their childhood in the Sahel

By Laurent Bossard, Director, Sahel and West Africa Club Secretariat (SWAC/OECD)

In Mali, Niger and Chad, 40% of children under five suffer from stunting. These children do not receive enough nutrients. Their bodies — their brains, bones and muscles — do not get enough calcium, iron or zinc or enough vitamins (A, B2, B12 etc.), so they do not have enough energy to grow and develop. Many of these children will suffer from chronic diseases and will have cognitive problems — so they won’t be able to go to school for long, if at all. As adults, they will have little chance to flourish and, secondarily, will have low economic productivity. Many will also die very young, often before turning five.

In these countries, at least 100 children out of every thousand die before reaching the age of five. That’s 10 times more than in Sri Lanka, 20 times more than in Canada and 50 times more than in Luxembourg. Why are these children dying and why are they doomed to a hopeless future?  Continue reading