An Ownership Culture

At the African Executive Fred Kwoba writes:

There is no sustainable way to poverty reduction unless Africa widens the base of economic participants. When knowledgeable people speak of indigenous capital ownership as the sine qua non of sustainable development, they point to the right solution. I have in mind a specific new development paradigm, based on broad participation of the population in market driven economic activities. This paradigm is discussed thoroughly on DeniAfrica.com where it does not only postulate but provides a road map of how Africa can create millions of entrepreneurs and business asset owners and not just a handful of millionaires. The ingenuity of this concept, called Direct Expatriates Nationals Investment (DENI), is to widen the base of Africans participating in the revival and stimulation of their economies...[continue reading]