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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

More interventions required to improve African entrepreneurship

by Ndumiso Mlilo JOHANNESBURG(Xinhua) -- Attendees at the Global Entrepreneurship Congress (GEC) 2017 in Johannesburg agreed that interventions from all stakeholders are required to improve performance of entrepreneurs in Africa.

South Africa’s Minister of Small Business Development Lindiwe Zulu on Wednesday said all role players have to make interventions for the entrepreneurs to grow.

Zulu said entrepreneurs had to be supported with infrastructure and good policies.

Zulu said in their meetings with other African ministers some said small, medium and micro-sized enterprises (SMMEs) were not elevated enough on the African Agenda.

"As governments we should govern with SMMEs in mind.

"We should consult them before coming with legislation and have dialogue with them all times," she said.

Zulu also said government in promoting entrepreneurship should not leave behind those in the remote areas, women, youths and those with disabilities.

Martin Bwalya, senior advisor to the CEO of the New Partnership for Africa’s Development (NEPAD), said Africa’s circumstances required for affirmative action for SMMEs to boost economic growth and industrialization.

"These might be unpopular but necessary for the medium to long term to create wealth with our natural resources," he said.

Bwalya mentioned technology as a major enabler of entrepreneurship growth.

Pointing to the popularity of Kenya’s mobile payment system among entrepreneurs, he encouraged governments to move fast and catch up with technological advancement.

Elsie Kanza, member of Executive Committee at World Economic Forum, said government policies need to be agile and support the entrepreneurship growth and environmental friendly.

Kanza said Africa should encourage grassroots innovations like it happened in Brazil and India.

"Governments and big corporate should empower the poor entrepreneurs to come up with solutions.

"This includes education.

"About 20 percent of Africans have access to internet.

"The public and the private sector should bring about universal access to promote the use of technology to help entrepreneurship," Kanza said.

           

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