“What the whole world wants is a good job,” Gallup announced only six years into a 100-year poll to discover what the world’s 7 billion people are thinking. The only way to get good jobs to the planet’s 7 billion people, Gallup continued, is through entrepreneurs. According to the Kauffman Foundation, entrepreneurs do three things: they birth innovation, they grow new net wealth, and they create jobs. U.S. census data affirms the role of entrepreneurs in job making: New firms were responsible for eight of the 12 million new jobs added in 2007. That is certainly important information for the developed world, which is facing about 8 percent unemployment.
But what about Africa, where in countries such as Rwanda 90 percent of the population is engaged in mostly subsistence farming and where roughly 40 percent of the population is living below the poverty line? In Rwanda, whose labor force amounts to about 4.4 million people, the government and NGOs have the jobs. But these entities alone cannot absorb this continent’s growing need for jobs. To satisfy the labor force a strong private sector needs to be built that can widen and deepen the tax base, create net wealth, disperse wealth more efficiently, and of course give people good jobs to help alleviate poverty. Entrepreneurs and enterprise solutions are the fuel for making that happen.
To that end, Sagamore Institute is please to partner with the Isoko Institute. The ISOKO Institute promotes entrepreneurship and private enterprise to build strong societies in Africa. ISOKO encourages entrepreneurs and investors to launch new businesses and to test their innovations in Africa’s marketplace. At the same time, ISOKO accelerates the impact of these on-ground innovations by providing a platform for scholars, advocates, and teachers to vigorously research results, to recognize inspiring role models and to promote best practices.