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Sunday, January 26, 2020 / 6.00PM / Nifemi Taiyese for WebTV / Header
Image Credit: Lionesses
of Africa
Described as the last frontier of global
economic transformation, Africa has great prospects for achieving high-level
development and a reduction in its poverty index, said Tony Elumelu, CON,
founder Tony Elumelu foundation. Elumelu,
believes entrepreneurship is a major tool for uplifting the continent from
poverty and rising inequality.
In a recent interview, WebTV engaged Dr. Franklin Nakpodia a lecturer in
the Accounting and Finance Department, University of Leeds, the United Kingdom
who gave his views on how Africa can deepen social entrepreneurship and advance
its economies.
According to him, there were a whole lot of opportunities to strengthen
social entrepreneurship in the continent and this was coming at a time Africa
was having challenges with its social environment.
Part of the challenge he believed was due to the inability of most small
businesses to access the funding they require to scale their operations.
The lack of access to loans he noted was an important basis for
encouraging deeper research and studies in the area of social entrepreneurship.
He highlighted the fact that the African business climate had to
reposition itself to enable young entrepreneurs to
find funding for their startups.
Dr.
Nakpodia also pointed out that with the era of the Fourth Revolution (4IR)
driven by digital technology, there were immense opportunities for startups on
the continent.
"There
is a range of opportunities for young entrepreneurs in the area of using
Artificial Intelligence and leveraging the internet to scale their business," He said.
Apart
from the enabling business environment, another area of top consideration,
according to Nakpodia, was a robust infrastructure that would support.
Speaking
further, he stressed the need for Nigerian universities to strengthen
collaboration with fellow academics in the field of Social Entrepreneurship.
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