Thursday, April 12, 2007

West Africa Business Blogs -Global Voices

This is a small snapshot of my latest Global Voices post...

This week while perusing through the Africa business bloggers section of my RSS reader, I noticed a peculiar thing, or maybe this is not so peculiar. But I noticed that a large number of the business blogs that I have been reading lately are authored by writers of West African origins. Cote d’Ivoire, Ghana, Nigeria, and Cameroon are some of the West African nations have been brought into the spotlight by West Africa’s business bloggers. Without delay let us begin by visiting a few of these bloggers.

The first that we shall look at is Emmanuel Oluwatosin. I first learnt about Emmanuel through the African Path. In his recent post, he urges readers to pay careful attention to the tenets of Mr. John D. Rockerfeller.

Emmanuel Oluwatosin of Nigeria writes:

…According to Nelson Rockerfeller, the one time Vice President of the United States, his father John D. Rockerfeller, Jr, gave each of his five sons an allowance “We got 25 cents a week, and had to earn the rest of the money we got.” To earn part of that extra money he raised vegetables and rabbits…” We always worked.

All the boys were required to keep personal daily account books. They were required to give 10 percent of their income to charity, to save 10 percent, and to account for all the rest.” They had to balance their account books every month and to be able to tell what happened to every penny they earned. The Rockerfeller kids were taught a specific pattern for dealing with their money. These are the Rockerfeller rules.

* Work for all you get
* Give away the first 10%.
* Pay yourself the next 10%.
* Live on the rest.
* Account for every penny…”

Africaincorp is a blog that I have been following for a few months now. This blog is written by an Ivorian blogger, Frederic Tape. He chronicles the story of an African entrepreneur who has recently launched an investment portal website:

"…Africanselect was “Launched in 2006 with the goal to go beyond just creating an awareness of African Stock Markets but also offer a technologically advanced platform that allows African and international retail and corporate investors to take part in investment opportunities across the continent.”

This business could be added to the likes of LiquidAfrica and The one question that has been raised during our team meeting was the following: how can such company leverage the aggregating power of social networks such as Facebook, MyspaceAfrica, Afriville, Myafricasite, Edumela and Hi5 among others to reach out to the huge number of young African professionals and entice them to find interest in the real estate, securities markets of Africa.

The reality is that many young individuals with disposal income, stay oblivious to the opportunities laying in the open in Africa. The incomes they generate in the western world is sufficient to make them potent players on these markets more so than in the American or European markets…"

For some reason, these round up posts are a lot of fun. And you know...most of the time I never know who will be the next subject of the round up until the moment of writing the post!

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