Can African Businesses also conquer the world?

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When will Africa have its own Facebook, Google, or Microsoft? When will Africans be rich, not from politics, but from ideas and investments? Right now, the only path to make money in Africa seems to be in politics. Yet this is not the rule in other parts of the world.

In the world, Bill Gates is a multi billionaire despite him not having ventured into politics. He created a computer operating system that runs on 90 percent of personal computers. Another billionaire, Jeff Bezos, started by selling books through his platform, Amazon. His platform now sells all kinds of goods and has made him the richest man in the world, at 110 billion dollars. He is richer than economies of several African countries. In China, Jack Ma, he of Alibaba, is its richest man. He is not a member of the Chinese Communist Party.

In Africa, we have businessmen that have profited from their ventures but they are few and far between. For instance, Nigerian Aliko Dangote is Africa's richest man, through supplying various goods as cement, sugar, and rice. He now wants to create an oil refinery that would process crude oil into finished petroleum. If he pulls this off, then he could be as worth as 30 billion dollars.

Another one is the Zimbabwean Strive Masiyiwa. He founded the Econet Wireless telephony that has operations in Africa and South America. He regularly pays Zimbabwean doctors when they go on strike due to low pay from the government.

These African budding business magnates are few and far between. We need thousands of these. Think about it. Africa is the most problem prone continent. On the flip side, this means that it is also the continent with the most opportunities.

What we need to do is to encourage our budding businesses. Right now, we frustrate them and give all the attention to foreign investors, who flee at the slightest smell of instability. Our budding entrepreneurs will stick it out for us. They will create millions of jobs and power our economies. They will pay taxes, and give revenue to government to provide essential public services. In that way, the whole African economy will be lifted, and we will be a force to reckon with. Read More Articles. Click Here

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