Why African Entrepreneurship Is Booming – Harvard Business Review – Ndubuisi Ekekwe

Why African Entrepreneurship Is Booming – Harvard Business Review – Ndubuisi Ekekwe

Last month, I visited my village of Ovim in Southeastern Nigeria. I met a painter who also manufactures the paint he uses for his work. According to him, his business nearly collapsed early in the year when he could not access the foreign exchange market to import the raw materials required for his paint production. At that time, the Nigerian central bank was running a currency control regime which stifled the importation of goods for small businesses.

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