Entrepreneur Sets Out to End Poverty in Africa

Bureaucracy, corruption, and branding issues are some of the hurdles for entrepreneurs in Africa, but Magatte Wade is determined to move forward

Senegalese entrepreneur Magatte Wade. Courtesy of Magatte Wade

For Magatte Wade, connecting the dots is easy: The people of Africa are poor. They’re poor because they have no money. They have no money because they have no jobs. They have no jobs because there are no companies to employ them. There are no companies because the governments make it impossible to start one.

Her solution? Governments need to be business-friendly and everything will be reversed, making the people of Africa prosperous.

Bureaucracy and Corruption

According to Wade, it’s impossible for an entrepreneur to start a business there because of endless bureaucracy and corruption.