Over the past 20 years, Africa has been steadily growing and is expected remain one of the fast growing regions in the near future. Central to this is entrepreneurship and the role of entrepreneurs.
The idea of entrepreneurship proposed here is one where African people play a key role in economic activities. They study and practice entrepreneurship in a focused fashion in order to control their own economic destinies. In this way, entrepreneurship becomes a conscious lifelong programme of mastering capital to improve productivity and quality of life for the largest number of people.
An entrepreneurial organisation is one that has grown revenues, jobs or profits in the past five years by several multiples of GDP growth. These organisations grow large by introducing new products, services and sometimes even undermining existing ones.
Cellphone groups MTN and Vodacom represent this picture in South Africa. On the other hand, fixed line provider Telkom was found to be unresponsive to the growing demand for telecommunications services.