Tweet

Wanted: jobs for Africa’s youth - Business Friendly

Written by: Africa Renewal

Article Overview: In the short term, countries need to do away with policies that hinder investment, notes the World Bank in its report Doing Business in 2006: Creating Jobs. African countries impose the most stringent regulations on entrepreneurs, the Bank reports.

Wanted: jobs for Africa’s youth - Business Friendly

From Africa Renewal, Vol.20 #3 (October 2006), page 6

By Gumisai Mutume

In the short term, countries need to do away with policies that hinder investment, notes the World Bank in its report Doing Business in 2006: Creating Jobs. African countries impose the most stringent regulations on entrepreneurs, the Bank reports. In Mozambique an investor typically must go through 14 separate procedures over an average of 153 days in order to register a business, while in Sierra Leone a company may have to spend 164 per cent of its gross profits to pay all its business taxes.

The report ranks 155 countries according to how they have reformed their policies to attract investors. Exemplary reformers on the continent include Rwanda, which has reformed its courts and customs procedures. The report praises Mozambique for cutting the property transfer tax from 10 to 2.4 per cent of the property value, the largest such reduction in the world.

African countries need to put their houses in order, says Mr. Nankani. Economic growth and job creation will remain elusive in countries where public policy “chokes private enterprise and discourages business activities.”

Related Articles
  Wanted: jobs for Africa’s youth
  Wanted: jobs for Africa’s youth - Broadening consultation
  Take time
  Lesson #4: Do What You Know and Love
  Profile: HALCHA Youth & Community Development organization

Article Tags: African countries, Bank, Gumisai Mutume, Mozambique, World Bank



Related Forum Posts
Re: Should Evan add a "Social Media Marketing" category to the f - Wanted to add my own vote, but the voting button was missing
Re: Need some information on freelance jobs! - oDesk is the same as Elance where you can bid on projects/jobs that are posted. When I was working in oDesk the main problem I experienced was the difficulty in getting my first job because of competition. There are already other service providers who already have a lot of completed jobs and good ratings with good feedback. So what I did was to bid on simple jobs - I bid a very low price so that I could just get a job and hopefully when I done it right or done it well I can have a good rating and feedback. That's how I began. I slowly build my reputation by completing simple jobs and eventually I can then compete with others and can bid high already.
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Online Teen Magazine... Tips - I am planning to start an online teen magazine and of course bootstrapping will be my choice of funding. I am searching internet for some help as I am having a hard time on deciding what to surround the topic about. I know I wanted to start a online magazine for youth entrepreneurs but I am not sure though as it seems like the idea will be bland and boring. So I've been trying to plan another way out for coming up with a topic that will interest teen's, but will also give them some knowledge in saving their money and the business world. I am not necessarily looking to start entirely a "Teen" magazine but you should get what path I am on. My question is, what kind of online magazine should I start and how can I diversify the topic's to make it interesting to teen's but also give them entrepreneurship knowledge. I was thinking of a youth entrepreneur magazine but I am not sure right now though.
Re: Need some information on freelance jobs! - Hi, firstly let me confess the idea of online jobs and business alike are new to me. I had some of my own business plans but am not confident in launching the same owing to the crashing economy. Now as I see you people are talking about the freelance jobs, I wanted to know some more things about these in details. For people like us who are business minded and do not want to be working as subordinates the difference between jobs and setting up an own business is always there. Provided I cant find the best opportunity to setup my business now as already said do you think the freelance jobs about which you are talking here can be considered as an alternative for the same. Maybe thinking about finances this is going to be a safer option but is the change acceptable. I hope I could make myself clear.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Qualities of Leadership Part 1

How to Ask for a Flexible Work Arrangement

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.