I honest to God did not until very recently know of the existence of a chamber of commerce in Uganda. You might claim I'm an ignorant little person hiding under a rock and thus the lack of this knowledge but I'm not. I own a business. I've owned a business for the last 4 years. This business has been formally registered for 3 of those years. I pay tax. I pay council fees. I interact heavily with multiple government trade agencies. But I just found out about the national chamber of commerce this year. If this in itself doesn't illustrate how big of a problem we have as a nation strongly pushing youth into entrepreneurship then I don't know what is.
Andrew Rugasira, who I admire greatly, wrote a poignant article in daily monitor yesterday on how a strong chamber of commerce leads to a strong economy. So far there are no comments on the article and it's been barely discussed on social media (Have nudes leaked? Is it the holiday season? What are Ugandans so focused on that they've missed this highly insightful piece of information). Allow me to make a wide sweeping accusation here, I bet most people don't even know what a chamber of commerce is and how it's supposed to help you. Andrew's article does a good job of giving you a preamble as to how a Chamber's supposed to function.
I want to share my lessons from a chamber I had the pleasure of spending the afternoon at early this year; The Metro Atlanta Chamber. Based in Metro Atlanta that accounts for two-thirds of Georgia's GDP, 60 percent of the state's jobs and 55 percent of it's population.
The goals of the chamber are;
1. Start, Grow, Recruit Companies
2.Promote innovation and Entrepreneurship
3.Advocate for a competitive Business Climate and Quality of Place
4.Tell Atlanta's story.
Almost similar to the goals of our own UNCCI. But unlike us and our lofty dreams which are just economic pychobabble (read bullshit), theirs are broken down to a policy agenda that is SMART. It's a long read but bear with me, a lot to learn (my comments in italics);
1. Transportation Policy;
-Increase transportation Funding: Create innovative, sustainable ways to fund their transportation infrastructure, operations and maintenance through 2065. (Even our own African Union plans end at 2063,this is why we can't prosper shortsightedness)
-Expand transit operations: Support expansion of all of our public transit operators and encourage effective coordination among them. Strive for seamless, efficient service for riders, whether the long-term future is a single system or multiple interconnected systems.
-Upgrade existing freight networks: Increase freight capacity and safety on existing interstates and rail networks. maximize operational and regulatory efficiencies for movement of freight.
-Add diverse travel modes; support initiatives that encourage transit, managed lane options, telecommuting, bike/pedestrian facilities and public/private solutions.
2.Business Climate Policy
-The Chamber strategically focuses on growing innovation and knowledge- based industries, fostering entreprenuership, boosting small and midsized business growth and creating more partnerships with metro Atlanta colleges, universities and technical colleges. (Why is our private sector so removed from the tertiary institutes of learning yet these are the people who will staff our companies. You can't complain about lack of skills if you have not tried to be part of the solution. )
-Support additional funding for Invest Georgia: Secure $2 million appropriation in FY16 for the Invest Georgia Venture Capital Fund.
-Protect Georgia's Reputation as a Leading State for Business: Defend against legislative measures that would negatively impact our business climate and harm our ability to create, attract, retain and expand jobs.
-Support Incentives that encourage economic investment: Renew the Angel Investor tax credit (certain Uganda doesn't have this) and support continuation of the Film, Televison, Digital and Entertainment tax credit. Advance a new funding mechanism to help certified Georgia sports commissions secure and finance sports events in their communities.
-Support Global Commerce: Advance Georgia's standing as a global hub for international commerce by ensuring implementation of temporary driver's licence legislation that was passed in 2014.
3.Economic Development Policy
-Global Commerce: Developing metro Atlanta into an international business center and attracting FDI, companies and jobs while also assisting metro Atlanta companies to do business abroad.
-Supply Chain and Advanced Manufacturing: Positioning metro Atlanta as the world's premier center for supply chain management, operations, talent and innovation.
-Technology: Shaping Atlanta as a center for technology and innovation by attracting and growing companies in the IT, Software, financial processing,internet security, mobility and other industry sectors.
-Bioscience-Health IT: Growing metro Atlanta's bioscience industry by focusing on marketing, workforce development, venture capital and clinical trials. (I bet you $100 our chamber has no clue what this is!In-spite of the fact that there are 4 startups currently focusing on bioscience in the country)
-Mobility: Establishing the metro Atlanta region as the recognized global hub for mobile and wireless technology.
4.Education Policy
(The chamber recognizes that a highly-educated and skilled workforce is essential to attracting and retaining quality jobs. As the global workforce evolves, they are striving to improve the alignment between employee skills and the jobs employers need to fill)
-Support Georgia Common Core Standards: Implement rigorous college and career readiness standards and support students and teachers to achieve best possible academic outcomes.
-Build an educated workforce: Support initiatives such as complete college Georgia, Go Build Georgia and other efforts that prepare graduates for college and careers in strategic high growth and high wage industries.
-Prepare teachers and school leaders: Advocate for policies and legislation that appropriately prepare teachers and school leaders to be effective and strengthen the teacher and school leader workforce.
-Promote STEM initiatives:Support the promotion of STEM in k-12 and post secondary education that prepares students to become innovators and problem solvers.
-Support Early learning: Engage in early childhood development and learning efforts with a special emphasis on initiatives that ensure students are reading on grade level by third grade.
There's a water ,energy and environment policy but I assume you are now too depressed to continue. At-least I am, extolling the excellence of others.And in the 10 years of the MAC's existence, they have assisted more than 600 companies with relocation and expansions , creating more than 58,000 jobs.
I know that the comparison is unfair and that America is not without it's own faults but we need to wake up and smell the coffee, see how backward we are. We are operating like we are still in the 90's yet the world has (is) rapidly moving on. We need to be jolted awake from the deep slumber we are currently in. Squabbling over oil in a world where data is now more valuable.
At the end of that afternoon, I was asked if I'd like to move my company to Atlanta. I said no. Out of nothing but deep seated illogical love for this continent.
This is a presentation from an economy that is developed. Yet,they are still striving for excellence. Going above and beyond to attract investment and making the environment suitable for any upcoming entrepreneurs. This is what we are failing to understand as a nation and as a continent. Expecting the business community to be resilient or innovative in the light of all that it is faced with bare minimum to no support is like milking a cow that you have not fed. The results are showing in our struggling economies. I used to be so mad at all the capital flight that our economies faced from multinationals repatriating their funds but it serves us right. We cannot reap where we have not sown. Our addiction to mediocrity is slowly but surely killing us.
Showing posts with label Entrepreneurship. Show all posts
Showing posts with label Entrepreneurship. Show all posts
Monday, December 28, 2015
Wednesday, November 25, 2015
On Being Each Other's Keepers...
I’ve been writing this for weeks on end and I’m sure it will
still not be as coherent as I’d like it to be.
I’m sharing now because ;
I got
possibly the biggest rejection of my life recently (professionally). I was
thousands of miles away from my troupe, my army. I couldn’t leave my bed. I
couldn’t eat. I couldn’t sleep. I felt like I had failed myself, my daughter, the
company, everyone. Somehow, one of them (my awesome cheer-leading troupe) managed
to get through to me and what followed was a whirlwind of crying on Skype
together, pep talks and lectures for the entire duration I was huddled in my
bed. Slowly as the day went on, it didn’t feel so terrible. My jar of hope
started to be refilled. I managed to get out of my room at the end of the day
and face the world again.
But that is not all that this troupe provides, emotional
support is great but man cannot eat hope. I don’t know how many emails I
receive in a week with opportunities, people to meet, and customer referrals.
Frankly, it overwhelms me sometimes. (I’m not complaining ooh. Don’t stop!) But
yes, people out there really have my back. And that is why I fiercely
(sometimes too much) support the entrepreneurs around me. Because I know what I
have, not many people do. In fact, I’m the exception.
Entrepreneurship is a
lonely lonely journey.So it befuddles me to see entrepreneurs tear each other
down, knowing this first hand. There’s been a lot of talk lately about African
startups not sharing, first it was being whispered in hushed tones but now we
are out and proud (See Tech Cabal article here). I’ve ranted several times on
twitter about this. My tipping point; I just got invited to a B2B event with
investors/business owners from the UAE. The RSVP had strict instructions; COME
ALONE. DO NOT SHARE! What the hell! This mind you is a not a private function.
It is organized by an agency that is run by tax payer shillings. So I wonder at
the secrecy. Why are we hoarding
investors (and other resources) from each other? To what end? What is this poverty mentality?! Why are we so bent as a
society on holding each other back?
But
then I guess misery revels in company and we are a miserable lot. I thought I’d
tell this story when I’m old and grey and when it has seized to be relevant but
apparently not. It seems, it needs to be told and told urgently. Just months
into launching Zimba, someone I highly respect(ed) in the Tech Community dared
to try and bad mouth the company to one of our partners, luckily for us, our
partners saw through their lies and petty and paid them no mind. But this
baffled me, why would someone go out of their way to try and sabotage a company
that wasn’t even 6 months old. We already have so much working against us (lack
of funding, novelty hard to understand product), there is no need for
vindictiveness to get to us. Thankfully, this just spurred us on. But I will
wonder to my grave.(No, being me, there will be a confrontation. I’m just
bidding my time) The target market for our companies is very different and even
if it were the same, I’m sure as Zimba we are never going to reach even 40% of
the people we would like to reach, and here is someone squabbling over virgin
territory. What shall happen when the market is saturated, shall we turn to
physical violence then?
Anyway, I digress. I truly believe that the only way we will
get to be competitive as the rest of the world is when we start to work
together as opposed to silos. We have to so much to learn and gain from each
other, different strengths that if brought together would be formidable. Across
startups, across ecosystems even. There are components of Zimba and The Baby
Store that I’m happily handing over to other startups, business for them and
time for me to focus on my core strengths. Imagine if instead of duplicating each
other’s ideas, we just complimented each other. Even across borders, I’d be
happier to help another African startup scale to Uganda than set up local
competition for them.
The gist of this long incoherent tirade; we need each other.
Urgently. Desperately. We need to be our brother’s keepers.
Monday, November 2, 2015
On Women, Business and the Society
Compared to other regions of the world, sub-Saharan Africa has the highest number of female entrepreneurs. These women are mostly owners of small businesses and local community shops serving the unmet needs of their homes and consumers. This reshapes the incorrect perception that African women have marginal input in overall economic output.
But for all this input,
women are still getting the short end of the stick, Women do 66% of the world's
work but earn 10% of the world's income yet they reinvest 90% of their income
into family & community. There’s a famous meme that say that if
wealth was created by working hard, all African women would be millionaires. When
women have access to opportunities and resources, we all benefit. So then if
business is about creating wealth and opportunity, why then are we
shortchanging women? Even though legal gender parity has improved around
the world, major differences persist. Many laws continue to prevent women from
improving their own well-being and that of their families by working or running
a business. According to the Global Gender
Gap Report 2014, inequality in economic participation and
opportunity “lags stubbornly behind” areas like education. Women’s work is
undervalued and women face barriers to owning property or getting into
business.
As President Obama famously said
during the Global Entrepreneurship Summit earlier this year, “If half of your
team is not playing, you have a problem. In many countries, half of the team is
women and youth.” So how do we get the other half of the team to play? Because
empowering women should not be charity. It is an investment with returns for
any business and the society at large. Equal opportunities for women in
business and the workplace depend on a miasma of economic, social and cultural
factors. For example, there is evidence that women lag behind men in technology
adoption owing to the high costs of acquiring and maintaining new technologies,
as well as the lack of information and training. If they are unable to adopt
new technologies, women are prevented from expanding their businesses because,
for example, existing distribution systems may be unable to handle higher
turnover. Women also cannot migrate as
easily as men to towns and cities where training in new technologies is more
available. They then have the added responsibilities of caring for children and
the elderly as the primary caregivers.
With this in mind, Zimba Women was
founded to pursue inclusive market systems initiatives that can empower women
and create more benefits for women and men, their families, and the whole of
society. Our mission is to enable empowerment and development for women entrepreneurs
in Africa by providing access to digital platforms that provide affordable market
accessibility and capacity building. In this way we achieve our goal of adding
value to women owned businesses using technology and thus making them more
sustainable. And when women win, we all win!
“Women are powerhouse
entrepreneurs. When women succeed, they invest more in their families and
communities.” – President Obama.
Wednesday, September 16, 2015
On Entrepreneurship being Oversold in Africa
Ory Okolloh is raising dust, kicking ass and taking no prisoners with her. Firstly, on twitter and more recently at the Quartz Africa Innovators Summit. Essentially, she's saying that Africa cannot entrepreneur itself out of its basic problems. There has been an uproar in some circles because she's throwing cold water onto the fire that has been set ablaze all over the continent.
Ory should be one to speak. She's but one of Africa's foremost entrepreneurs. The platform she founded (Ushahidi) has been deployed up to 90,0000 times in over 159 countries. Her company makes over $750k in consulting fees! But I think Ory is right albeit speaking harshly. It is time someone said it and there's no one better placed than her.
This entrepreneurship song is largely being pushed by many African governments because they want to shelve the responsibility of developing their economies back to their citizens. Yes, I agree that the Rockefellers , Fords and ilk largely drove the economy of America but this was in an environment fostered by good governance. Our governments don't want to be held accountable. Simple. For example, many countries in Africa grapple with a problem of counterfeit drugs and there's plenty of apps coming up to deal with this. This is not an "innovation" you would find in the developed world because their drug authorities work and work well. Something as delicate as the integrity of health care should lie with a public office not an ingenious 20 year old. This is equivalent to your parent failing to pay your school fees and telling you to go find a way to get your tuition. It's the parent's responsibility to have their children educated.
Uganda was recently lauded to be the most entrepreneurial country. This statistic did not bring me much joy. We are entrepreneurs not by choice, with an unemployment rate of up to almost 80%, there is simply nothing else to do. We are not enterprising. We are surviving! This is why none of these endeavors last longer than a year, because they are born out of desperation.
Another thing that this entrepreneurial song and dance forgets is that not all of us are built to be entrepreneurs, Just like any other profession, it is not for everybody. So what will the ones who cannot be entrepreneurs do. We have to make demands of our leadership. We cannot continue to bury our heads in the sand. We pay taxes. We vote. We are owed. There's a proverb in my language that states that a child who fails causes the mother to be shamed. Our enterprises are not doing as well as they should and this is because our governments are failing us. We must shame them. We cannot let them abscond from their duty. For these entrepreneurial activities to make any sort of sense, we need infrastructural support, security, stable economies and favorable policies. For entrepreneurship to prosper, it needs good governance.
"A good system shortens the road to the goal."- Orison Marden
Ory should be one to speak. She's but one of Africa's foremost entrepreneurs. The platform she founded (Ushahidi) has been deployed up to 90,0000 times in over 159 countries. Her company makes over $750k in consulting fees! But I think Ory is right albeit speaking harshly. It is time someone said it and there's no one better placed than her.
This entrepreneurship song is largely being pushed by many African governments because they want to shelve the responsibility of developing their economies back to their citizens. Yes, I agree that the Rockefellers , Fords and ilk largely drove the economy of America but this was in an environment fostered by good governance. Our governments don't want to be held accountable. Simple. For example, many countries in Africa grapple with a problem of counterfeit drugs and there's plenty of apps coming up to deal with this. This is not an "innovation" you would find in the developed world because their drug authorities work and work well. Something as delicate as the integrity of health care should lie with a public office not an ingenious 20 year old. This is equivalent to your parent failing to pay your school fees and telling you to go find a way to get your tuition. It's the parent's responsibility to have their children educated.
Uganda was recently lauded to be the most entrepreneurial country. This statistic did not bring me much joy. We are entrepreneurs not by choice, with an unemployment rate of up to almost 80%, there is simply nothing else to do. We are not enterprising. We are surviving! This is why none of these endeavors last longer than a year, because they are born out of desperation.
Another thing that this entrepreneurial song and dance forgets is that not all of us are built to be entrepreneurs, Just like any other profession, it is not for everybody. So what will the ones who cannot be entrepreneurs do. We have to make demands of our leadership. We cannot continue to bury our heads in the sand. We pay taxes. We vote. We are owed. There's a proverb in my language that states that a child who fails causes the mother to be shamed. Our enterprises are not doing as well as they should and this is because our governments are failing us. We must shame them. We cannot let them abscond from their duty. For these entrepreneurial activities to make any sort of sense, we need infrastructural support, security, stable economies and favorable policies. For entrepreneurship to prosper, it needs good governance.
"A good system shortens the road to the goal."- Orison Marden
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