Ms. Emma M. Theofulus, Namibia's Deputy Minister of Information and Communication Technology (ICT), emphasized the critical role of young entrepreneurs and politicians in driving the emancipation of the African continent.
Speaking at the 2nd Volta Young Entrepreneurs Summit in Ho, she highlighted the interconnectedness of politics and entrepreneurship, noting that obstacles in political systems hindered entrepreneurial success.
Ms. Theofulus identified challenges such as rigid policies and ageism as barriers requiring attention to empower individuals to overcome obstacles.
She noted that entrepreneurs often struggled to expand within their countries or into neighboring markets due to existing laws and policies, underscoring the need for politicians to facilitate an environment conducive to entrepreneurial growth.
The Deputy Minister encouraged entrepreneurs to leverage Africa's vast potential for digital trade and emphasized the importance of understanding the economic landscape.
She urged them to network, form conglomerates, and transition seamlessly between products or phases. Ms. Theofulus challenged entrepreneurs to build businesses capable of leaving lasting legacies in advancing Africa's economic emancipation.
Addressing challenges faced by businesses in the Volta region, Okpekpewuokpe Akpinifia Dagadu IX, the Paramount Chief of Kpando Traditional Area, highlighted financial constraints and technical support as major obstacles.
He called for increased government investment in the region, addressing infrastructure issues, and encouraged local businesses to position themselves for potential interventions.
She urged youth to invest time and develop strategic thinking to become entrepreneurs without borders.