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    Small Business Opportunities in Africa
    Small Business Opportunities in Africa
    Small Business Opportunities in Africa
    Ebook41 pages46 minutes

    Small Business Opportunities in Africa

    By Babatunde Osunbayo

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    About this ebook

    The following pages of this book is devoted to various small business opportunities that any individual or group of people can engage in.
    Through these business opportunities, Africa can reduce or close the gap of development that exists between the continent and the first world
    LanguageEnglish
    PublisherBookBaby
    Release dateJul 4, 2014
    ISBN9781483532073
    Small Business Opportunities in Africa

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      Small Business Opportunities in Africa - Babatunde Osunbayo

      world.

      SMALL BUSINESS OPPORTUNITIES IN AFRICA

      This book was conceived to be part of the tools needed for Africa to be able to take advantages of the strength and obligation of the African Diaspora communities.

      Population of Africans in the Diaspora has witnessed a substantial growth in the past few decades and would continue to grow.

      There is no doubt, that over four generations of African descendants that left involuntarily or due to war or economic, social and political situation, now reside in foreign countries.

      A great deal of these people has become distinguished and extraordinary achievers, who have broken many boundaries, and have excelled in various disciplines and professions while prevailing over difficult dynamics in the foreign lands where they operate.

      Diaspora communities or Diaspora entities are nothing new; the Africa Diaspora entity is certainly not the first.

      Diaspora formation started since the ancient Greek and Roman eras, and the eras of imperial China; the medieval age when economic/political, wars create large scale dislocations and relocations.

      In the case of Africa, it is the consequent venture of economic determinism together with the quest for a better life elsewhere; coupled with compelling social and political situation beyond the control of those Africans that were forced to leave their homes, or their roots and settled in various locations outside the continent of Africa.

      History has shown that this focus group has been very dynamic, creative, vibrant and industrious. The Diaspora communities across the world and through time have become a geographical transformational force.

      Economic literature indicates that most of the developments or economic progress that some of the advanced economies have witnessed, in Europe, Asia, had a great deal of contribution from their Diaspora communities. The most recent is the developments in China and India.

      For example, India in the 1960s and early 1970s suffered a brain drain. Many young men and women highly educated started leaving the country to monetize their skills in the first world countries, due to dysfunction and seemingly ineradicable corruption and inefficiency.

      The rapid growth that India experienced in the early 1970s and in the early 1980s was triggered by the far flung Indians Diaspora communities. The 1990s economic bonanza also brought in many Indians back home from the Diaspora entity. The rise of India in the last two decades is largely due to the repatriating Indians from the Diaspora, which brought fresh energy, capital, information, networks and different ideas to their motherland.

      The Diaspora communities have become indispensable entities in the modern economies and now a major factor in the shaping of economic progress.

      World Bank director in charge of Africa once stated that African countries or the continent as a whole offers a lot of great business opportunities.

      There is a steep gap between the first world (advanced economy) and

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