A former student used to work for a microfinance institution in Kenya. He quitted: he wasn’t comfortable with the high rates and fee charges of traditional microfinance loans (37 % average). Meant to promote financial inclusion, these loans may end up making borrowers poorer than they were. At the same time, the super-high interest rates […]
Caught in the midst of traffic at Lagos after attending a discussion about the electricity challenges in Nigeria, I told my driver about how smart cities would improve people’s lives. He gave me a skeptical look, which I interpreted as “will I ever see this come true…?” I read recently an article about strategies for […]
This week I’m attending the meeting of the Academy of Management. After this, I’ll take a break. In the meanwhile, I leave you with this 10’ video clip: “Africa: A roadmap to opportunities.” You may want also to catch up with missed posts. “Talk” to you again in September!
My last visit to Nairobi was right after Brexit. As everywhere else, this was a major topic of conversation. In a casual chat with a group of CEOs, we talked about the uncertainty that the British move has created, and we went on discussing other factors that create uncertainty. I ventured that African companies may […]
Did you come across Bill Gates’ post on LinkedIn of last Monday? If not, you may want to read it: “My message to the next generation of Africans.” The essence of his message resonated quite well with me: a message of optimism about Africa’s future that is based on a young population, and a youthful […]