Think and act for entrepreneurship in Africa

Guinea

Tax legislation in question: the role of Mining Agreements in the African gold sector

Until the 1990s, the African continent, even though it is rich in mineral resources, attracted little mining investment.

Until the 1990s, the African continent, even though it is rich in mineral resources, attracted little mining investment.

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Entrepreneurship for a better tomorrow in Guinea

Kouramoudou Magassouba presents the NGO Horizons d’Afrique, which he launched in 2017 to promote social entrepreneurship among Guinean youth.  Entrepreneurship is not – or should not be – limited to…

Kouramoudou Magassouba presents the NGO Horizons d’Afrique, which he launched in 2017 to promote social entrepreneurship among Guinean youth. 

Entrepreneurship is not – or should not be – limited to wealth creation alone. Starting an entrepreneurial project is above all about passion, creativity, strongly believing in a project. The NGO Horizons d’Afrique has been promoting this message since 2017 to Guinean students, so as to train a new generation of young entrepreneurs who are aware of social and environmental issues.

I launched The NGO a few years after my return to Guinea, in a context of latent economic and social crisis (high unemployment rate, especially among young people, illegal emigration). In 2010, I started teaching at a private university in Conakry while working at the Central Bank of the Republic of Guinea. Working directly with young scholars, confused about their futures and very much in need of advice, opened my eyes and pushed me to take action. Because if some government initiatives exist in this area, they are largely insufficient for the moment…

With former students and banking sector professionals, we launched Horizons of Africa to promote the learning of entrepreneurial skills. We do everything in our power to ensure that students are better prepared to enter the entrepreneurial world when they leave school. this cannot be learned in a day!

 

Promoting Entrepreneurial Spirit in Guinea

Horizons d’Afrique’s ambition is to build a community of at least 1,000 young entrepreneurs and intrapreneurs by 2025, capable of creating sustainable jobs.

We say “intrapreneurs” because we are aware that not everyone can or wants to be an entrepreneur. However, we believe anyone can develop entrepreneurial qualities, such as creativity, innovation, or organization. We can offer employees the tools and opportunities to create and innovate. In other words, we can train them to act as entrepreneurs within the company.

 

Launching impactful companies in Guinea

Our programs are open to all young people. They are designed to promote entrepreneurial qualities and values that we believe are fundamental for the society as a whole. Today there are about 6,000 new businesses created yearly in Guinea, but most of them are individual companies and do not create any jobs.

We advocate three key values in particular:

  • Empathy: we encourage students to put themselves in the shoes of others and imagine possible solutions to Guinea’s major social and environmental challenges.
  • Optimism: we promote students’ empowerment and “positive mental attitude”
  • Performance: to create positive impacts on the long-run, a company must be sustainable. The economic model of the company must therefore be viable and generate wealth.

 

Developing programs that address local needs

Horizons d’Afrique has developed a range of programs, depending on the target audiences (high schools, universities, technical schools…). They all provide support to young people who are starting (or are willing to start) an entrepreneurial project. We have built a strong network and we are now able to offer shared resources and skills. For example, we have set up a common technical team (accounting, communication) for the several startups supported by our programs.

With the technical assistance of Pierre ALZINGRE, founder of the Visionari Agency and Start’Up Lycée in France, we concluded in June the first edition of our program “Start’Up Lycée GouTina”, specifically dedicated to high school students. Ten public and private institutions took part in this competition. The students worked throughout the year on entrepreneurial initiatives related to the Sustainable Development Goals. Each working group (made up of ten high school students, including at least four girls per group) was accompanied by a team of three people: a teacher, an NGO staff member and a professional entrepreneur.

 

Conclusion

Throughout my academic and professional career, in Guinea, Morocco and France, I witnessed on many occasions the importance of educating and training young people, so that this new generation can do something constructive for their lives and the development of their country. With African Horizons, we are working as closely as possible with young people to make this possible. Sharing skills and experience is essential. Knowledge is only knowledge if it shared with other people!

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