Although being the richest country in terms of natural resources, people in Republic Democratic of Congo live on under $5 per day.
Despite these challenges, they tend to come up with new ideas to generate revenue to live adequately. Last year Harvard business review wrote an article about why African entrepreneurship is booming. If there is real growth in Africa and there is to be predicted growth in Congo, why isn’t entrepreneurship valued?
These entrepreneurial activities can have a huge impact on the economy of Congo as well as the quality of life of the population in the form of employment. However, an important factor is the missing legislations, training and investment in entrepreneurs. This fact makes business development and business growth stagnant.
Entrepreneurial forces are relatively strong in Congo, as most people become accidental entrepreneurs based on necessity due to the poor economic situation. However, we have failed to realise that entrepreneurship development is the foundation of all economic evolution in any nation.
I took the below pictures on my last trip to Kinshasa with Gaelle who works with me on my social initiative ESIMBI. I wanted to share them as they completely represent how street businesses are the force that sustains the neglected Congolese population but shows their strength and resilience.
Entrepreneurial challenges in Congo
- The country’s economic has been declining since the 1990’s and its instability have made Congo an unsuccessful place for entrepreneurial capital investment.
- The lack of adequate electricity, basic internet, which is a must in the business climate, stifle entrepreneurial activities.
- Female entrepreneurs, are often underestimated and overlooked because of cultural barriers labelling women inherently inferior to men.
The prospect of entrepreneurship in Congo
- Economic Development: the development of entrepreneurs will increase the National gross domestic product.
- Reduction in unemployment: entrepreneurship encourages and increases the creation of employment in Congo which contributes the country’s development.
- Improved way of life: encouraging entrepreneurship development will go a long way to improve the standard of living of the country’s population through innovations.
To fully encourage the development of entrepreneurs in Congo, we need to prioritise education, investment and continuous development. Not only in the entrepreneurs but also the industries that they are working in, this will generate a surge of potential from everyone in the country to see and recognise that they have the ability to change their live and that of others through business, mentorship, and apprenticeship.