THE LANDSCAPE OF AFRICAN ENTREPRENEURSHIP: HOW CAN VISION TRANSFORM TO VENTURE?

In a lively discussion, Dumima Khabu from South Africa emphasizes the importance of collaboration for long-term success, highlighting the significance of gatherings like the one they are attending1. Eleni Dzekos, a CNN anchor, introduces Tony Elumelu, a prominent figure in African entrepreneurship, known for his investments in various sectors and his foundation that has trained 1.5 million young Africans. The conversation touches on the challenges faced by young entrepreneurs, such as access to electricity and multiple taxation systems, which stifle business growth. Despite these challenges, there is optimism about the progress made and the receptiveness of African leaders. The discussion also highlights the role of women in the informal economy and the importance of investing in them for community and continental development. Tony Elumelu shares his belief in hard work and preparedness as key to success, while acknowledging the high failure rates of startups in Africa. The conversation concludes with a call for more investment and partnerships on the continent.