By Keith Marsden
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Additional resources for African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation))
Three-quarters of them were selected from a list of people who have received assistance from the Africa Project Development Facility (APDF). The remainder were suggested by financial institutions and other contacts in the field. The criteria for selection of the entrepreneurs were African nationality, a track record of performance, and coverage of a representative range of activities in which African entrepreneurs are engaged. The countries selected by the International Finance Corporation (IFC) and APDF--Botswana.
In fact, it is the entrepreneurial segment that uses appropriately scaled resources, provides meaningful on-the-job training and, by offering improved products and techniques to those engaged in traditional agriculture and the informal sector, helps to alleviate poverty generally. 3 Action Program Issues These differences of opinion over the most effective development strategy are not merely a disagreement over semantics or an abstract model. The right--or wrong--decision can have significant consequences.
A government privatization program created the opportunity. APDF helped to secure. In Côte d'Ivoire. a professor of pharmacology has been able to establish a factory to produce intravenous solutions. In Kenya, the general manager of an investment company is now the managing director and shareholder of a former European-owned tannery that was in the hands of receivers. APDF assisted in the financial restructuring. A Ghanaian lawyer who had practiced in the United States for twenty years has returned home to set up a frozen fish and shrimp processing plant with APDF support.
African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation)) by Keith Marsden