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Wednesday, 25 October 2017

Entrepreneurship in Africa

(MOHANNED SULIMAN ADAM) - Recently, over a decade, the global financial crisis and the unbalanced situation of the economy dragged human race into a massive challenge. In Africa this was inevitable, due to lack of resources. In addition to that, it has inside covered under the poison of public illiteracy, specially among youth regarding to their real power of invention, amazing level of creativity and enterprise. This article will contribute a safe path to entrepreneurship in the African communities, therefore, will examine it from economical prospective.
Entrepreneurship is the process of designing, launching and running a new business, which is more often than not, initially a small business, offering a product, process or service for sale or hire.
So far, entrepreneurship has yielded huge returns for entrepreneurs as well as community, and according to experts, there lies great untapped potential to drive the African continent into its next stage of development.
Economically, entrepreneurship has played significant role in the recovering of the community from the rate of unemployment among youth. Many researches have shown worrying results. For instance, A 2013 study by Brookings Institution, found that African youth (15-24 years) constitute about 37% of the working age population. The same age group, however, accounts for about 60% of jobless people in Africa.
For instance, entrepreneurship resulted in new industries and in new combinations of currently existing inputs. Initial example of this was the idea of (MISHWAR’S) a brilliant taxi service uses new technologies in Sudan. In this case, the innovation, was transported but did not require the development of dramatic new technology. But in time, incremental improvements reduced the cost and improved the technology, leading to the modern auto industry. Therefore, this service applied an engineering solutions to create a new service with the available resources, whilst making a good profit out of it. It should be noted that there is already a well-recognized company (Uber) which provides the same service but it is always about the resources that can stand against the growing ideas. However, it is the entrepreneur’s role to tackle such problems. Today, (MISHAWR) is on the top of the taxi service providers in Sudan. Delivering more than 1000 rides per day. Despite providing new jobs to the jobless, (MISHWAR) has competitors in the market with new entrepreneurial concepts. Which led to the innovative ideas on rise in the Sudanese taxi driving system. This is the ultimate goal that entrepreneurship should achieve, deliver and solve. These entrepreneurs will alter the continent African with the brainpower of the citizens and offer the road map to a new African economy.
Eventually, it is vital for the youth to maintain a successful career and not to undermine their real hope of success. It is a step ahead to fight against illiteracy, hunger and poverty.
Entrepreneurship, if well managed, can create more jobs on the continent and increase the middle class which is essential in sustaining economic growth and establishing remarkable enterprises that will transform Africa and reignite its economies.
It is all about opportunities and meant for passionate, thrive, and ambitions youth.