Martin

Colonialism cost Africa a great deal. Unfortunately, Africa is yet to remove that garb. From shifts in consumer preferences to mind shifts at the roots of its underdevelopment, Africa needs to reject several misleading notions that continue to derail its destiny. It is in the interest of the colonialists to mind-manipulate the conquered colonial states […]

The firms are, without a doubt, the powerhouses of prosperity. As the centre core for the creation of output, it provides wage income for members of the household. Through commercial exchanges and economic interconnectedness, they create other income-making opportunities for many business units. It also gives the government the fiscal power to carry out obligations […]

In comparison to other regions of the world, Africa is the land of the poor. According to the UNDP multidimensional poverty statistics, 46% of sub-Saharan Africa live below $1.9 per day while 43.4% live below the national poverty line. Like the compounding law of prosperity, poverty begets poverty. The poor appear to be constrained within […]

In as much as the State ideally plays a significant role in the survival and growth of industries, the emergence and entrepreneurial success of groups that are into relatively homogenous economic activities without much of the support of government is possible. Factually, the government only plays a post-industry-take-off role involving the creation of level playing […]

Entrepreneurs do the same thing everywhere regardless of whether they are in Africa, in Europe or the United States. Their business is to make as much profit as is possible by optimizing other factors of production and their attendant risks. But these approaches to production organization and attitude to risk seem to underlie the differences […]

Progressive governments want every segment of their society to share in generated prosperity. They strive to increase the number of citizens migrating from a lower to a higher level of well-being. The faster the pace of these upward migrations, the better it is for society and economy. Unfortunately, that is not the case for the […]

The urgency for mainstreaming the apprenticeship system within the continent is evident. That also underscores its substantial adoption by some countries. Low levels of school enrollment, coupled with elevated levels of graduate unemployment, have made it imperative for some West African countries like Senegal and Ghana to rely on the scheme to narrow the gaps. […]

Globalization and international trade, which is its subset, are dynamically reinforcing. Trade among countries stands out as one of the most veritable levers of global interconnectedness. Africa’s contribution to global trade in 2017 was 2.4%. It grew by two percentage points to 2.6% in 2018. These performances are not cheering as they are only marginal. […]

Although the ‘igba-boi’ traditional apprenticeship system of the Igbo ethnic group in Nigeria appears to be the most efficient globally, other African countries equally have productive systems of apprenticeship that are worth appreciating. While virtually every culture seemingly has a unique apprenticeship system for transferring skills and aptitudes, we shall limit this discussion to only […]

Africa has always been a prosperous continent. Apart from its natural resource endowments, it had a long-standing heritage of entrepreneurial prosperity until its weakening through slave trade and colonialism. The continent had several civilizations such as ancient Egypt, the Mali Empire, the ancient Carthage, the central African kingdoms, the kingdom of Ghana and the Songhai […]