Supportive Steps
Image - Facebook Data for Good: Global State of Small Business Report, 2020

Supportive Steps

Entrepreneurship during abnormal times...

In a recent report by Facebook, OECD and World Bank, Global State of Small Business Report: shares the devastation the pandemic has had on small businesses globally with up to 60% closures, directly correlated to lockdown measures in countries up to date. “The survey found that between January and May 2020, 26% of SMBs closed — in some countries, more than 50%.” - Data for Good

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Source: Global State of Small Business Report, 2020

There possibly has not been a better time for community lean-in, and as things go on - a strategy for recovery, re-igniting the already-acknowledged SMB casualties to the devastating ongoing health pandemic.

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As we collectively look for answers, TsiTsi and Nike (co-Founders of Africa Family Firms with the latter being a recent guest on the Unpacking Africa podcast Black Enterprise episode here) in collaboration with Nelson Mandela University are hosting the 1st African Family Business Research Conference “Umoja” which is timely relevant, and impactful. Especially with the current pandemic climate that is devastatingly affecting African enterprises, a majority of which are family-owned.

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With an eye on bridging the African continent with its diaspora in the United States, Kwabena Boateng (Chair of HBCU Africa Homecoming shared his project in his own words on the Learning Journeys episode here) has sent out a clarion call to reimagine, a smart city, a stream of innovative knowledge share with Historically-Black Colleges and Universities collaboratively engaged in the future of the continent.

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Shameless plug: I shall be sharing my thoughts on the recently released Africa Regional Integration Index report, a collaborative effort by the African Union, African Development Bank Group, and United Nations Commission for Africa, and my ongoing work in ways the AfCFTA can work for young entrepreneurs on the continent. Some of that exploration has led to the Unpacking Africa podcast and this Unpacking Africa newsletter. I hope you share this and the amazing work that Tsitsi Mutendi, Nike Anani, Kwabena Boateng, Garikai Govati, Kimberly Ofori, and many others are doing in Africa and beyond with someone else in your community to nudge them to lean into their discomfort, join in and participate exactly where we all are, in uplifting our own.

Originally published to Unpacking Africa newsletter’s 15,000 + subscribers on July 22, 2020.

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