In all, it is hoped that the One Kindred One Business Idea, informed by the Kindred Economic Empowerment Paradigm, will help revitalise the spirit of self-help and communal living in many developing societies – especially in Africa – for economic development. It will also contribute to the further refinement of Africapitalism – private sector’s contribution to development – as a new economic philosophy for Africa.
Another way this can work is through co-investment. Here, a kindred can decide to invest in an already existing business owned by members of their kindred. That way, the kindred members become shareholders, whilst leveraging and respecting the individual agency and embeddedness of entrepreneurship, which might be at the danger of being suppressed in communal ventures, if not carefully managed.
, is already eliciting hitherto untapped financial resources and significant interests amongst local people. Some kindreds have started businesses in farming, livestock, services, manufacturing, et cetera. While some of these emerging kindred businesses target local markets, others seek to explore opportunities in foreign markets through the large and growing Nigerian diaspora community, as well as the global value chains of big firms operating in Nigeria.
Based on the character and resolve of the Igbo people, KEEP will work. True, Igbo people, like many other people in Nigeria and across Africa, are mainly hardworking. They always strive to exceed their constraints, realise themselves, and make the best out of their circumstances. The industry of the Igbos is expressed in their tenacious commitment to excel, their resilience and ability to weather the most difficult challenges.
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Police arrest suspected armed robber in ImoThe statement further informed that three locally made pistols, 15 rounds of live cartridges and varieties of illicit hard drugs were recovered from him.
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National hospital denies leaving Imo monarch’s son to dieThe management of the National Hospital, Abuja has denied allegations that the negligence and incompetence of its staff caused the death of 27-year-old Obinna Emeka, the late son of Eze Pharm. Emeka Ogbonna, the Traditional Ruler of Ama-Inyi Community in Ihitte/Uboma Local Government Area of Imo State.
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