Africa is a continent on the rise, with a young and growing population, abundant natural resources, and a thriving entrepreneurial spirit. In recent years, African entrepreneurs have been driving innovation in business and social impact, creating new opportunities and driving positive change across the continent.
According to a report by the African Development Bank, entrepreneurship is on the rise in Africa, with more than 80% of African businesses being micro, small, and medium-sized enterprises. These businesses have the potential to drive economic growth, create jobs, and provide innovative solutions to local challenges.
One African business leader who is leading the charge is Tony Elumelu, the Chairman of the United Bank for Africa (UBA). Elumelu is also the founder of the Tony Elumelu Foundation, which provides support and funding to African entrepreneurs. Elumelu believes that entrepreneurship is key to unlocking Africa’s economic potential, stating that “entrepreneurship is the cornerstone of African economic transformation.”
Another African business leader making a difference is Bethlehem Tilahun Alemu, the founder and CEO of soleRebels, a footwear company based in Ethiopia. Alemu’s company creates eco-friendly shoes made from recycled materials and employs local artisans, providing them with fair wages and working conditions. Alemu believes that social impact is just as important as business success, stating that “businesses have the power to create positive social change, and we have a responsibility to do so.”
African entrepreneurs are driving innovation in business and social impact, creating new opportunities and driving positive change across the continent. As Tony Elumelu says, “we need to support and invest in African entrepreneurs if we want to see sustained economic growth and development on the continent.” By doing so, we can unlock the full potential of Africa’s young and dynamic population and create a brighter future for all.
By Proudly Afrikan