This is the Most Entrepreneurial African Country

entrepreneurial African country

A seed funded social enterprise known as The Mara Foundation, has released its first study titled, “Ashish J. Thakkar Global Entrepreneurship Index 2016”. According to this study, Namibia is the most entrepreneurial African country this year 2016.

Out of 85 global countries in the study, Namibia was ranked 42. Followed by Rwanda, Botswana, and South Africa, which were ranked 43, 44, and 46 respectively.

Namibia has a very rich cultural background, not to mention beautiful landscapes and abundant wildlife. The country boasts advanced new information and technologies systems that have changed the way Namibians shop, do business, and elect their government. No doubt they are the most entrepreneurial African country.

“The rank was based on five pillars representing the barriers faced by entrepreneurs. These are poor infrastructure, government policies, education, finance, and the entrepreneurial environment,” states the study

Zambia was the highest ranked African country in finance with a rank of 72. Ethiopia’s entrepreneurial environment is ranked 59th, while Tunisia is ranked 58 in education.

So many more youths are beginning to create jobs for themselves after waiting in vain for their governments. Truth be told, that’s the only way to the Africa we want for ourselves and our kids. An Africa where, we will not have to depend on importing everything, and wait for grants to be given, which will yield little or no fruit and leave us in debts.

We have a lot of problems to solve, and thank goodness there is a new breed who are creating jobs for themselves and employing others. Africa’s entrepreneurial environment has grown large in the last 5 years. The cloud, open source software, cheap computing resources, and ideas from local technology hubs are redesigning Africa. There’s so much going on from tech, agriculture, fashion, beauty (the natural hair movement growing huge), health and so much more. This is also attracting many more investors.

Leave a Reply