Understanding the value of entrepreneurship programmes in Africa, By Obaloluwa Dairo

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Understanding the value of entrepreneurship programmes in Africa, By Obaloluwa Dairo
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Entrepreneurship education in Africa is unusual. Unlike technical or professional education, there is no standardised development path.

Because there is such a confusing web of entrepreneurship programmes in the market, it is important they are well sign-posted, with clear guidelines and advice about the growth opportunities for young businesses. While cash awards may be an added benefit, knowledge that can help with time-saving and confidence building is the greatest prize an entrepreneurship programme can offer.

Entrepreneurship education in Africa is unusual. Unlike technical or professional education, there is no hierarchical or standardised development path. Furthermore, rather than paying for education, potential entrepreneurs may even receive prizes for successfully completing programmes, but these prizes rarely reflect the size of the investment needs of participants to build the foundations of their businesses.

While the majority of respondents did apply to and participate in multiple programmes, their motivations to do so were more complex than what conventional wisdom had taught us: that entrepreneurs are motivated mostly by prizes. Boluwatife Arewa, co-founder of Scrapays Technologies, a growth stage waste management application, who has participated in multiple entrepreneurship programmes since the company was founded, is a good representative of the entrepreneurs surveyed.

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