Since 2010 the term “millionaire” is taking on a new meaning in Africa.
Fastforward to 2019 it’s no longer just about the size of your bank account; any shady politician, corrupt bureaucrat or unscrupulous businessman on the continent can easily claim to be a millionaire.
Today Africa’s new crop of emerging generation of millionaires are not just excited about money but they are also passionate about impact, they want to create value that touches and improves people’s lives.
This new wave is called impact entrepreneurship and it’s the new way of making money and doing good, at the same time.
In the past few years its fast becoming a business model that is proving that profit and ambition do not always have to come at another’s expense.
Not too long ago in recent memory the bulk of Africa’s “old school” millionaires made their money from resource extraction and sheer opportunism and often, their wealth had to come at the expense of the common good and the natural environment.
On the other hand however Africa’s new wave of entrepreneurs are showing no keen interest in the continent’s finite resources; its timber, gold, copper, oil and diamonds instead they’re far more vested in a much more valuable resource: problems.
Africa is a continent overwhelmed by serious problems, from unemployment and illiteracy, to hunger and inadequate electricity.
Most of these problems are tough, widespread and decades old. But while they are scary and frustrating to most people, entrepreneurs see them for the breathtaking opportunities they really are.
For newly created Nigerian startups the question of an office space may be causing you some stress as renting a space can be incredibly expensive and often not exactly a cost-effective way to go about growing your fledgling company.
Even at that working from a desk at home while you’re still a one-man or one-woman show can be very lonely. Vey often a complicated transition to starting your business is fraught with big decisions which is why shared work spaces, introduced by companies like SkillPatron have been founded and are looking to offer you solutions.