Africa is Ripe for Entrepreneurship Despite Challenges
Despite diseases and terrorism, Africa still remains a ripe field for entrepreneurship if only enterprises could embrace venture capital to develop their trades.
When disaster strikes in Africa, investment momentum experiences major impediments with donors reluctant to fund ventures in the continent.
However, Mbwana Alliy is optimistic that “Africa is about to peak” and it is time to invest in the region.
According to Mr Alliy, who co-founded Savannah Fund, a seed capital investment firm located in Nairobi, Kenya, smartphone connectivity, an emerging middle class, and opportunities for technology are unprecedented and provide great platforms to expand enterprises in Africa.
“When there is a negative event, like Ebola or a terrorist incident, investment momentum gets set back and talent leaves,” he said noting that enterprises can benefit better from venture capital.