My young friend Giovanni came back from a visit to East Africa last week. As part of the trip, he traveled by car from Uganda to Kenya. This involves crossing the Malaba border where trucks can wait anywhere from 2 days to 2 weeks. But the driver was an expert at crossing this border, so they only […]
A new era of indigenous entrepreneurship
I came across a short article by Ronald Coase (1991 Nobel laureate in economics) published at the Harvard Business Review a few months before he died, aged 103, in 2013. The article is a delicious call for economists to re-engage with the (real life) economy. I want to focus on just one sentence in the […]
Job creation: an engaging business purpose
In my interviews with managers from sub-Saharan African countries, I was surprised that – without my bringing up the topic – a large majority of them made a comment of this sort: “You know, what drives this company is job creation… Of course, we want to make money, and we do make money, but what […]
Increasing urbanization and smart cities
Urbanization is on the up. The prospect is that by 2050, 70 percent of the world’s population will live in cities – for Africa, the prediction is 50 percent. The challenge is for cities to offer improved living conditions to their citizens. To this end, the concept of “smart cities” is being developed. In essence, […]
Global connectedness index of African countries
The DHL Global Connectedness Index 2014 report, prepared by a research team led by Pankaj Ghemawat – a colleague of mine at IESE Business School – has been published. Global connectedness refers to “the depth and breadth (geographic distribution) of a country’s integration with the rest of the world as manifested by its participation in […]