The Intro

By: Isaac Kwaku Essien

“If you want to know the true nature of  your friends, tell them that you want to discuss a business opportunity with them, none will show up, or tell them that you are about to start a business, they will laugh at you, or post about a business you started on your social media and you will see that none of them will share or like, and none will also come in and patronize your business” – Dr WASK

Source

Entrepreneurs are the live wire of every nation. They are the crazy ones. They have no respect for the status quo. They see things differently. They invent. They imagine. They heal. They explore. They create. They inspire and they push the human race forward. Any nation of the world today that enjoys life to the fullest in terms of infrastructural development, industry, power, healthcare, food, education and transportation does so on the thriving innovative ingenuity of her entrepreneurs.

According to www.jobnetafrica.com,  “AFRICA HAS HIGHEST PROPORTION OF ENTREPRENEURS IN WORLD” but why is Africa’s economy still in stagnation?

In this article, I will share 4 things that is that’s keeping us in the queue of economic stagnation.

#1. We eat and spit discouragements.

As young Africans, from birth, there’s one thing our parents and environment refused to give us, “Self Esteem”. Because of our lack of understanding and appreciating ourselves, we tend to discourage other people around us who are trying to make impacts. Instead of trying to encourage our Fellows and support/invest in their dreams, we would rather pretend we care so much and then backbite them in back doors, destroy their names and gossip about their brands.

#2. We Lack trust in African made products.

About 3 years ago, I discussed with few friends about my about creating a payment system using QR codes as seen in China. After a long talk about this business idea, the question that comes out from the mouth of these listeners were, “Why do you think what you saw in China can be implemented by a Blackman in Ghana? Do you think we blacks can compete with the whites?” Then this statement follows, “massa, talk about something else”.  Though I have not given up on these dreams, the Lesson I have learned from my own experience with young people in Africa is that we have no trust in “products or services” of our own African businessmen.

#3. We learn too much nonsense in school.

I am very careful whenever I speak about this particular point of view, but I am confident about this and I am responsible for my own words, “there are too many useless degrees and certificates in Africa, and it’s about time our young people start to reason up and fight for a revised educational system that teaches skill sets rather than the so-called parts of grasshopper syllables.

It’s so sad and heartbreaking to learn that, the only practical lessons in our universities are “sex, gambling and dirty politics”. Our universities were supposed to teach us sense but it’s unfortunate that about 70% of what we learn in our higher institutions are nonsense, profanity and trash. (if you doubt this, cross-check how many of our leaders have their kids in universities in our country attending the same university with you, you think they are fools?).

 #4. Associating everything to politics is also one of our downfalls as Africans.

When I was in Junior High School, SHS was 4 years and before it became 4 years, it was 3 years, then it became 4 again, then it came back to 3. Another political party will come and change it to 2, maybe top 1, (in Ghana, everything can happen, who knows, maybe in future, politicians will tell us to stay home, attend no School, and for our political affiliations, we will be certified without stepping in any class). Look at how young people sell themselves so cheap during elections? (I have an article about how politics failed Africa after independence dubbed “We of 3 Signatures” which explains this topic, this article will be published on August 19, 2020.

Who did this to us that, we allow our politicians to play with our heads like that?

Young people, (educated young people) who we suppose should have knowledge about transformation and help educate their parents and other vulnerable people are rather the ones been fooled and played by these political maggots.

I am out of ink, but until I am able to refill and pen down some more sad truths, I would you to think about these…

  • Polls suggest that 80% of Africans view entrepreneurship as a “good career opportunity”, and the continent has the highest proportion of adults who are starting or running new businesses. However, the report noted that these entrepreneurs tend to operate in sectors where productivity remains low. (Source: https://www.jobnetafrica.com/ )
  • Aliko Dangote is the 65th richest man in the world and the richest in Africa.
  • Africa contributes to only 3% of the world’s economy, just 3%.
  • The 3% Africa contributes to the world economy has South Africa and Nigeria (Nigeria and South Africa account for nearly 50% of the continent’s GDP (at 29.3% and 19.1% respectively). Although both these economies have been struggling lately) as the top contributors, Ghana contributes about 0.07% only
  • According to Google, Facebook’s revenue for 2019 was $70.7 billion, and Ghana’s 2020 GDP is $47 billion. (This means, Facebook alone can decide to buy Ghana, (includes the people and all our trashes, and still have some balance that can buy Togo on top).
  • It is estimated that East Africa’s economy expanded by 5.3% last year. This is by far the fastest-growing region in Africa. Ethiopia, which grew by 8%, was the leading country in the region, while Kenya, Rwanda, Tanzania and Djibouti all managed growth rates above 6% in 2016.

We all believe Africa will be great, it’s possible, but we can’t be great again without supporting our own brands?

If you like this blog, please comment below, let me know what you think, and share with your friends and watch out for my next blog.

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