Redefining Business in Africa

Small and Medium Enterprises (SME's) make up about 90% of businesses accounting for 50% of employment worldwide with a significant number of these entities being set up in Africa. It is no secret that Africans are a young and vibrant demographic with the zeal and competence to shape the world in the coming decades. A perfect example of this is the rate at which Africans are embracing blockchain technology through entities such as M-pesa a trend which seeks to redefine finance globally with Africa being a key thought leaders on matters on blockchain adoption

While it's an encouraging trend to see more and more Africans embrace business and scale it to impactful entities a bigger conversation around building large-scale legacies should be heard. Famed public speakers Vusi Thembekwayo points to this by noting that we as Africans have adopted a myopic view when it comes to how we grow and scale our businesses. While building large scale businesses is important we need to think about intergenerational succession of these entities, the only way we can leave a better future for future African generations is leaving a strong wealth base which these young men and women can tap in to to fulfill Africa's promise.

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