After building South Africa based Sakhumnotho Group Holdings into a thriving, diversified investment firm, CEO Sipho Mseleku began to look at the challenges facing Africa's entrepreneurs. Realising that Africa's chances of economic success are limited by an education system that fails to develop an entrepreneurial and innovative mindset in Africa's youth, Mr Mseleku and Sakhumnotho Group have put entrepreneurial education at the heart of their mission.
Through the Global School of Entrepreneurship and Global Business Roundtable, Sakhumnnotho Group has set about creating the environment required for SMEs to develop across the continent.
In this interview, Mr Mseleku shares his views with AfricaLive on the importance of morals and ethics in business and puts forward an ambitious vision for uplifting Africa through the power of entrepreneurship, impact investing, and empowering the youth of the continent.
"One of the key areas for AFC going forward over the next five years is how to de-risk African infrastructure for institutional global capital. How are we able to make African investment attractive to global capital?
We do that by building a coalition of investors. We are looking at how to work with a coalition of investors from across the globe for African investment opportunities. We think it is improving."
At a time when the global trade regime is under attack, the African Union (AU) is celebrating the establishment of the African Continental Free Trade Area (AfCFTA), which came into effect on 30 May. After being ratified by the required minimum 22 nations, all the member states of the AU are now legally bound to allow African goods to be traded without restraint throughout the continent.