Columnist

The seeming absence of entrepreneurial consciousness among the governments of African countries considerably hinders their country’s prosperity. In Nigeria, for instance, only about four subnational governments are economically independent. The rest of the subnational governments depend on centrally distributed revenue allocations for survival. This inconvenient reality is avoidable in these governments internalizing the fact that […]

Africa is a continent bubbling with untapped potentials. The abundance of these untapped resources – human, natural economic – also points to the profundity of the underlying inefficiency in resource allocation. From the traditional laws on land which perpetuates subsistence farming and frustrates commercial agriculture, to the absence of motorable roads that will enable the […]

Over human history, experiences have repeatedly shown that the market left alone cannot satisfactorily deliver as much prosperity relative to when propped by a government. That is particularly true when the government is both inclusive and effective. The Ibo ethnic group in south-east Nigeria was reputed not to have had a king or ruler before […]

In a GreenTec Capital Africa Foundation and WeeTracker Media report based on data between 2010 and 2018, the average failure rate of African start-ups is 54.20%. Ethiopia tops the league with a 75% failure rate. Behind Ethiopia are Rwanda, Ghana, Zimbabwe, the Democratic Republic of the Congo, Tanzania and Nigeria with failure rates of 75%, […]