Wednesday 19th July 2017
University of Nairobi, School of Business
University Way, Nairobi City (CBD), Kenya
Theme: Universities, Entrepreneurship and Enterprise Development in Africa
Entrepreneurship and enterprise development holds a huge potential for unlocking economic potential of African countries, reducing the income disparities and repositioning the continent strategically in the global economic, social and political spheres. Despite having a large pool of untapped natural resources and human capital, several African countries decry weak economies, poor governance and widespread poverty and human suffering. Nonetheless, universities have the chance to provide the impetus for changing the status quo through knowledge creation, dissemination and technology transfer.
Borrowing from experiences of developed countries as well as middle income countries, entrepreneurship triggers mobilization and redirecting of resources to opportunities with greater economic returns. Hence, university and industry linkages in diverse ways support enterprise development, participation of poor people in the economic process and creation of employment opportunities in Africa. Furthermore, the interaction of African universities with foreign universities promotes technology transfer to African enterprise and increases the chances of international market access through cultural awareness.