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Business News of Monday, 22 July 2024

Source: www.ghanaweb.com

Dr. Ellen Hagan outlines comprehensive strategy to harness potential of African entrepreneurs

Dr. Mrs. Ellen Hagan is founder of L’AINE Services and co-founder of Legacy Girls Colleges Dr. Mrs. Ellen Hagan is founder of L’AINE Services and co-founder of Legacy Girls Colleges

The founder of L’AINE Services and co-founder of Legacy Girls Colleges, Dr. Mrs. Ellen Hagan, has outlined a comprehensive strategy to enhance significant work in the area of female and youth development in Africa.

She highlighted that to harness the potential of Africa's youth for innovation and economic growth, education must first play a pivotal role.

Speaking during a panel discussion at the Africa Rising Symposium held on July 20, 2024, Dr. Hagan advocated for a focus on several critical steps and systems to propel innovation among the youth, particularly for women.

“Firstly, education must be aligned with the demands of the modern economy, emphasizing skills such as critical thinking, problem-solving, and digital literacy. We also need robust mentorship programs where experienced professionals can guide and inspire the younger generation,” Dr. Hagan mentioned.

She pointed out that access to funding and resources tailored to the needs of young entrepreneurs is essential, ensuring they have the resources to turn their ideas into reality.

Dr. Hagan also emphasized the importance of societal attitudes and cultural norms that support and reward entrepreneurial endeavors.

“Additionally, fostering a culture that encourages risk-taking and celebrates innovation is vital,” she stated.

The L’AINE Services founder therefore urged governments and the private sector players to collaborate towards creating policies and infrastructure that support entrepreneurial activities, ensuring that young innovators have the environment needed to thrive.

"To create millions of Ama Amo-Agyeis in Africa, we must nurture creativity, provide mentorship, secure access to funding, and build a supportive ecosystem. By doing so, we empower our youth to become the driving force behind Africa's economic future," she concluded.

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